Dogecoin Touches $0.09 After Reports Suggest Ferrari Now Accepts DOGE — Trader Says Putting 'Every Single Cent' Earned On X In Meme Coin
Portfolio Pulse from Mehab Qureshi
Dogecoin (DOGE) experienced a 4% increase in value, reaching $0.090, following reports that Ferrari might start accepting DOGE as payment. The social buzz and trading volume for DOGE surged, with Ferrari confirming plans to accept cryptocurrencies in the U.S. and Europe through a partnership with BitPay. The positive trend in DOGE's market activity is supported by data showing a majority of investors in profit and an increase in open interest.
February 20, 2024 | 6:06 am
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Dogecoin's value increased by 4% to $0.090 after reports of Ferrari potentially accepting it as payment, with a significant rise in social buzz and trading volume.
The news of a prestigious brand like Ferrari potentially accepting Dogecoin as payment has positively impacted DOGE's value. The increase in social buzz and trading volume further supports the positive short-term impact on DOGE's price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100