• Elon Musk has Tweeted a Youtube video that ‘explains everything’ about Dogecoin
  • Elon’s was responding to a Tweet by the Director of Research at Ark Invest, Brett Winton
  • Winton’s tweet featured a dialog during which he was making an attempt to elucidate Bitcoin to his mum
  • The 2014 Youtube video posted by Elon, summarizes the genesis of Dogecoin

Elon Musk, the entrepreneur and enterprise magnate identified for his work at Tesla, Space X, the Boring Company, Neuarlink and OpenAI, has shared a Youtube video on Twitter that ‘explains everything’ concerning the standard meme-coin of Dogecoin (DOGE).

Elon’s was responding to a different tweet by the Director of Research, Brett Winton.

Mr. Winton’s tweet featured what gave the impression to be a dialog during which he was having problem explaining Bitcoin to his mom.

The unique tweet and response by Elon Musk, might be discovered under.

Dogecoin ‘To the Moon’

The Youtube video shared by Musk was first printed on February fifth, 2014 and has a complete of three.9 million views.

The video is exclusive within the sense that it encapsulates each aspect of the meme-coin of DOGE. It begins off with a Shiba Inu canine watching the information on Bitcoin. The canine then will get a superb thought of making Dogecoin and shortly takes off in a rocket apparently to the moon.

Elon Tweets Video Explaining Everything About Dogecoin 11
Shiba Inu canine taking off in a rocket. Source, Youtube.com

DOGE Fails to Respond to Elon’s Tweet

In phrases of worth motion, Elon’s tweet on Dogecoin didn’t lead to a knee-jerk response of DOGE as is often the case. His tweet was made earlier in the present day and Dogecoin continues to get rejected at $0.145 across the 100-day shifting common (yellow).

Elon Tweets Video Explaining Everything About Dogecoin 12
DOGE/USDT day by day chart

From the day by day DOGE/USDT chart above, it may be noticed that Dogecoin has to this point managed to push previous the 50-day shifting common (white). Breaking previous the 100-day MA will open a brand new trajectory in direction of the 200-day MA (inexperienced) at ranges round $0.19.

However, the day by day MACD is exhibiting indicators of exhaustion with its histograms indicating a discount within the shopping for of DOGE. The day by day MFI and RSI are in impartial territory of 56 and 64. They level in direction of doable consolidation or an try at breaking the resistance on the 100-day MA.

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