{"id":571905,"date":"2024-09-02T09:46:56","date_gmt":"2024-09-02T09:46:56","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=571905"},"modified":"2024-09-02T09:46:56","modified_gmt":"2024-09-02T09:46:56","slug":"dogecoin-price-dips-4-as-elon-musk-teases-return-of-tesla-doge-payments-but-traders-pivot-to-this-new-ico-that-raised-over-11-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-price-dips-4-as-elon-musk-teases-return-of-tesla-doge-payments-but-traders-pivot-to-this-new-ico-that-raised-over-11-million","title":{"rendered":"Dogecoin Price Dips 4% As Elon Musk Teases Return of Tesla DOGE Payments, But Traders Pivot To This New ICO That Raised Over $11 Million"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Dogecoin price dropped 4% in the last 24 hours <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\"><span style=\"font-weight: 400\">to trade at $0.095<\/span><\/a><span style=\"font-weight: 400\"> as of 09:02 p.m. EST, on trading volume that skyrocketed 67% to $467 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This comes despite Elon Musk hinting at a potential return of Dogecoin (DOGE) as a payment option for Tesla merchandise.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Your choice of <a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Dogecoin<\/a> as a payment is completely satisfactory, fast network transfer, low fees, and the number of holders is over 7 million people, also the <a href=\"https:\/\/twitter.com\/hashtag\/doginals?src=hash&amp;ref_src=twsrc%5Etfw\">#doginals<\/a> protocol will make the network flourish.<a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&amp;ref_src=twsrc%5Etfw\">#btc<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/eth?src=hash&amp;ref_src=twsrc%5Etfw\">#eth<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/solana?src=hash&amp;ref_src=twsrc%5Etfw\">#solana<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ton?src=hash&amp;ref_src=twsrc%5Etfw\">#ton<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/drc20?src=hash&amp;ref_src=twsrc%5Etfw\">#drc20<\/a><a href=\"https:\/\/t.co\/Y0WkZ9dHak\">https:\/\/t.co\/Y0WkZ9dHak<\/a><\/p>\n<p>&mdash; btc (@btc20242024) <a href=\"https:\/\/twitter.com\/btc20242024\/status\/1829884691702554633?ref_src=twsrc%5Etfw\">August 31, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">This comes just days after the Tesla CEO and billionaire successfully dismissed a June 2022 lawsuit accusing them of defrauding investors through a Dogecoin pump-and-dump scheme.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Musk&rsquo;s hinting to bring back Dogecoin as a payment ignited speculation within the crypto community about the meme coin&rsquo;s potential return to Tesla&rsquo;s platform.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Can this help Dogecoin rebound?<\/span><\/p>\n<h2>Dogecoin Price Aims For A Bullish Reversal<\/h2>\n<p><span style=\"font-weight: 400\">The resistance around $0.114 allowed the bears to gain control of the Dogecoin price, dropping within a falling channel pattern, according to data from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\"><span style=\"font-weight: 400\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400\">. Still, the price of DOGE has formed a formidable support around $0.097, which suggests that DOGE could still soar from here.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the price drops, DOGE now trades below both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bearish trend.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, the Relative Strength Index (RSI) trades downwards towards the 30-oversold level, currently at 32, suggesting that investors are actively selling the asset.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If the selling continues, the Dogecoin price could plunge further to the $0.0900 support zone, a solid cushion against downward pressure.<\/span><\/p>\n<figure id=\"attachment_571908\" aria-describedby=\"caption-attachment-571908\" style=\"width: 1255px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-571908\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V2-_GeckoTerminal.com_DOGE_2024-09-02_10-51-39-1.png\" alt=\"Dogecoin Price Chart Analysis Source: GeckoTerminal.com\" width=\"1255\" height=\"508\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V2-_GeckoTerminal.com_DOGE_2024-09-02_10-51-39-1.png 1255w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V2-_GeckoTerminal.com_DOGE_2024-09-02_10-51-39-1-300x121.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V2-_GeckoTerminal.com_DOGE_2024-09-02_10-51-39-1-1024x414.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V2-_GeckoTerminal.com_DOGE_2024-09-02_10-51-39-1-768x311.png 768w\" sizes=\"(max-width: 1255px) 100vw, 1255px\"><figcaption id=\"caption-attachment-571908\" class=\"wp-caption-text\">DOGEUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">However, the RSI now shows that DOGE is highly undervalued, which may be a buying signal for the bulls. In such a scenario, the price of Dogecoin could soar above the immediate resistances at $0.10312 and $0.10614 to the $0.110 target.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, another meme coin, <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"><span style=\"font-weight: 400\">Pepe Unchained (PEPU)<\/span><\/a><span style=\"font-weight: 400\">, is attracting more and more investors, as it aims to follow on its predecessor, PEPE.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">99Bitcoins, a prominent crypto channel on YouTube, says $PEPU is one of the best cryptos to buy now, with 100X potential.<\/span><\/p>\n<p><iframe title=\"Next 3 100X Potential Crypto to Buy Now?! (BIG POTENTIAL!)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/nY8nlmVJiww?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Pepe Unchained Presale Surges Past $11.4 Million, Closes In On The $11.6 Target<\/h2>\n<p><span style=\"font-weight: 400\">Pepe&rsquo;s latest and most badass version, complete with its own Layer 2 chain on Ethereum, marked its one-month milestone by closing over the $8.8 million mark just two weeks ago. The presale has now surpassed the $11.4 million milestone and continues to amass a considerable following in the crypto market.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Pepe, from its launch, has maintained positive growth, as it continues to be in the top three of the titan meme coins in market capitalization.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, Pepe is not without shortcomings. The token was originally built on the Ethereum blockchain and has long been confined by its Layer-1 technology, which is highly characterized by network delays and rising gas fees.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Pepe is preparing to launch his own Layer 2 blockchain solution soon:<\/p>\n<p>&#129504; Instant bridging between ETH and Pepe Chain<br>&#129504; Lowest transaction fees<br>&#129504; 100x faster transaction speeds compared to ETH<br>&#129504; Dedicated Block Explorer<\/p>\n<p>Get ready to join the future with Pepe Unchained! &#9939;&#65039;&#128056; <a href=\"https:\/\/t.co\/9gxNnddMyq\">pic.twitter.com\/9gxNnddMyq<\/a><\/p>\n<p>&mdash; Pepe Unchained (@pepe_unchained) <a href=\"https:\/\/twitter.com\/pepe_unchained\/status\/1813935567916409300?ref_src=twsrc%5Etfw\">July 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Pepe Unchained is a token based on PEPE devising a plan to break free from his chains and embrace the future with Pepe Unchained. With the new ICO, Pepe Unchained leverages Layer 2 blockchain technology to offer double-staking rewards.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The project is also set to tackle the scalability, speed, and efficiency issues that often plague meme coins built on Layer-1 blockchains like Ethereum. As a result, Pepe Unchained enables investors to seize market opportunities with greater efficiency.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Token holders can also earn passively through<\/span> <a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"><span style=\"font-weight: 400\">the platform&rsquo;s staking system<\/span><\/a><span style=\"font-weight: 400\">, which offers 175% annual rewards.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You can buy $PEPU tokens for $0.0094603 each. With a price hike in less than one day, buy soon to lock in the best deal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">To join the presale,<\/span> <a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"><span style=\"font-weight: 400\">buy $PEPU from the official website here<\/span><\/a><span style=\"font-weight: 400\"> using ETH, USDT, or a bank card.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/www.linkedin.com\/pulse\/shiba-inu-price-prediction-2024-moon-crash-landing-calsona-caibe\/\"><span style=\"font-weight: 400\">&#128021;&#128200; Shiba Inu Price Prediction 2024: &#128640; To The Moon Or &#128201; Crash Landing?<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-crypto-icos-2024-top-picks-big-returns-juliana-clarisse-calsona-zcxqe\/\"><span style=\"font-weight: 400\">&#128640;&#129297;&#128176; Best Crypto ICOs of 2024: Top Picks for Big Returns &#128176;&#129297;&#128640;<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/\"><span style=\"font-weight: 400\">A How-To Guide on Buying Cryptocurrency Safely in 2024<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/pepu.svg\" alt=\"Pepe Unchained\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Layer 2 Meme Coin Ecosystem<\/li>\n                                                                                                    <li>Featured in Cointelegraph<\/li>\n                                                                                                    <li>SolidProof &amp; 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