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Elon Musk’s connection with Dogecoin has gained widespread attention in the cryptocurrency community. Musk has consistently shown his fondness and backing for the prominent meme coin through various means. However, recent events have resulted in a lawsuit, with Dogecoin investors alleging insider trading involvement by Musk concerning Dogecoin . Also read: Shiba Inu Weekly Burn Update: 268 Million SHIB Burned Musk’s active involvement has played a significant role in elevating Dogecoin from a mere meme to its current status. His tweets regarding Dogecoin , the acquisition of Twitter , and the recent rebranding of Twitter to “ X ” have all contributed to influencing the price of DOGE. In one of his recent tweets, Musk hinted that “something special soon” is coming. The tweet caught the attention of the Dogecoin community. 👀 — Sir Doge of the Coin ⚔️ (@dogeofficialceo) July 29, 2023 Speculations of Dogecoin ...

The relationship between Dogecoin and Elon Musk has become well-known within the cryptocurrency community. Musk has consistently displayed his affinity and support for the prominent meme coin through various actions. However, recent developments have led to a lawsuit, with Dogecoin investors accusing Musk of insider trading involving Dogecoin . Also read: Polygon Considers Governance Restructure in Upcoming Polygon 2.0 Roadmap Musk’s involvement has been instrumental in the transformation of Dogecoin from a simple meme to its current position. His tweets about Dogecoin , acquisition of Twitter, and recent replacement of the Twitter logo with the Dogecoin symbol have all contributed to driving up the price of DOGE. Now, the largest meme coin has displayed a surge in its price. The surge in price follows a recent tweet by Musk. Doges ftw pic.twitter.com/bl0trQ7BdU — Elon Musk (@elonmusk) July 19, 2023 DOGE surges by 4% following Musk’s twe...

Ordinals on Bitcoin debuted in January 2023 and have been a hot topic of discussion since then. Ordinal Inscriptions are quite similar to NFTs but come with a slight twist. Simply put, they are digital assets inscribed on a Satoshi, the lowest denomination of Bitcoin. The network’s SegWit and Taproot upgrades that took place to improve the privacy and efficiency of the network also opened the doors for Satoshi inscriptions. In February, a developer forked the Ordinals project to PoW blockchain Litecoin. At that time, a pseudonymous Twitter user with the username indigo_nakamoto offered around 5 LTC [approximately $500] to anyone who could port Ordinals to Litecoin. The reward was later increased to 15 LTC and 22 LTC. Motivated by the bounty, Australian software engineer Anthony Guerrera posted a repository on GitHub that forked the Bitcoin Ordinals protocol to Litecoin. Likewise, people from the DOGE community copied the Ordinals protocol to create the same functionality on Dogecoi...

Midway through 2022, The dogecoin community was confident that their favored asset will be reaching $1 by the end of 2022. Top Dogecoin influencer Matt Wallace claimed that the meme-coin will reach $1 by December 31, 2022, and had revealed exclusively to Watcher Guru that he would delete his YouTube account if it didn’t. Read Matt Wallace’s price prediction about Doge touching $1 by the end of 2022 here. Also Read: Dogecoin: When Will Doge Breach Its All-Time High of $0.73? I am so confident #Dogecoin will pass $1 by the end of the year, that I will delete my YouTube channel if it does not. — Matt Wallace (@MattWallace888) June 15, 2022 Now that we’re in 2023, Doge didn’t breach $1 and is trading at $0.06 on Monday. It is also down 90.5% from its all-time high of $0.73, which it reached in May 2021. The responsibility of pushing Dogecoin to $1 is now reliant on the DOGE-1 mission. Will Doge reach $1 after the space mission by Elon Musk is ...