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DOGE, Shiba Inu and the hand of Elon Musk.



Key facts:
  • DOGE is up more than 100 percent in just over a week thanks to Elon Musk.

  • Highlights from this radar include devaluations, the Meta debacle, and some winning cryptocurrencies.

Altcoin Radar is a weekly CryptoNews newsletter that collects the most important events in the cryptocurrency market. In this material, we address the most important news and price behavior of coins other than bitcoin, with a list curated by the newspaper.

Do you remember when Dogecoin (DOGE) suddenly took over the cryptocurrency market scene and took a leading role? Do you also remember that this push came from tycoon Elon Musk? Well … it’s happening again.

It all started last week, when the Tesla CEO’s purchase of Twitter became imminent. At that time last Thursday, there was an initial push for the price of DOGE, which within three days. returned to the price levels of early September.

But the story does not stop there. By Monday, DOGE had already doubled its price in a single week. Not only did it had been pushed by Musk and an alleged involving cryptocurrencies and Twitter, but also by remarkable behavior Of large investors.

Price of Dogecoin.
DOGE’s rise has been staggering over the past week. Source: CoinMarketCap.

That’s not all: this Tuesday we reported on CryptoNews that DOGE was still on the rise. Also, is not alone in the rise of the cryptocurrency meme. which have received support from the entrepreneur in the past. Another puppy has benefited from recent moves by the head of SpaceX.

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Cryptocurrencies on the rise and changes at the top of the market.

DOGE is the major player of the moment, no doubt about it. However, he is not the only one with very interesting movements. There is another one that has recently managed to in the top 20 of the most valuable stocks on the market. All for an increase of more than 20 percent in one week, in an increase generated by a new update that is discussed among the community of that network.

If we go a few positions further down, we find another cryptocurrency that has climbed positions in the market. And at a very high rate: this coin is now one of the 60 with the highest capital accumulation of the entire market, after a dizzying rise in recent weeks. In its case, all thanks to the exchanges.

Do you already have World Cup fever? Even the market, judging from the boom of various fan tokens associated with “beautiful game” teams. Those of non-World Cup teams and soccer-related platforms have also increased.

Meta losses, fall of stablecoins and national currencies in rout.

The week’s negative note was spread over several events. One of the most striking was the collapse of the Huobi stablecoin exchange. It was outrageous the percentage of value lost by a currency that is presented as “stable.”

On the other hand, the Meta (formerly Facebook) debacle was very strong. in recent months. As we reported on CryptoNews, its loss in value has been catastrophic since he changed his name and focused on metaverses.

A lire aussi :   First the euro collapsed, and now the pound has hit record lows against the dollar.

Moving on from corporations and cryptocurrencies, we end this newsletter with domestic currencies. And certainly their place is still on the negative side of the our radar. In Colombia, the weight has been devalued to record levels against the dollar.

Meanwhile, a nation with inflation reaching 80 percent, has decided to launch a digital version of its currency: a Central Bank National Currency (CBDC). The same policy will have an Asian country which announced the launch of its CBDC on Binance’s BNB Chain network.

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