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3232Dogecoin Price To Trigger $0.20 Soon With Twitter Logo Avatar?
https://cryptocurrencypanther.com/2023/04/03/dogecoin-price-to-trigger-0-20-soon-with-twitter-logo-avatar/
https://cryptocurrencypanther.com/2023/04/03/dogecoin-price-to-trigger-0-20-soon-with-twitter-logo-avatar/#respondMon, 03 Apr 2023 18:16:00 +0000https://cryptocurrencypanther.com/2023/04/03/dogecoin-price-to-trigger-0-20-soon-with-twitter-logo-avatar/
Dogecoin Twitter Logo News: Twitter’s new logo avatar is now the most popular memecoin Dogecoin (DOGE). Amid all the regulatory scrutiny around cryptocurrencies, this move from the Elon Musk company could mean many positive outcomes for the crypto market. Dogecoin being the new Twitter logo could mean a huge validation for the crypto space as this will act as a huge promotional event. Also, this would only reinforce Musk’s affiliation with not just DOGE but also the cryptocurrency space.
However, it s not clear as to whether this is a temporary move by the Twitter management. This means if the new logo is taken down, the Dogecoin price could take a hit.
Twitter New Logo
Social media platform Twitter on Monday updated its website to that of Dogecoin picture. This led to an instant DOGE price pump by over 21%. As was seen in earlier instances when Elon Musk openly mentioned the memecoin in his tweets, Dogecoin price could perhaps witness a prolonged rally with this move. However, this could turn out to be a short lived rally for the world’s largest meme crypto if the Twitter logo is reinstated to its original.
After the Tesla CEO acquired the platform on October 27, 2022, the memecoin’s price rallied steadily only to be hit by the FTX collapse in early November 2022. Last week, Musk filed his reply against allegations of running a pyramid scheme to support Dogecoin. Citing that Musk’s tweets were only to show support, the billionaire’s lawyers argued that such posts are not unlawful. This is particularly the case considering the memecoin’s market cap of $10 billion, they said. Musk sought the dismissal of the complaint from the court.
Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Reach out to him at [email protected]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
]]>https://cryptocurrencypanther.com/2023/04/03/dogecoin-price-to-trigger-0-20-soon-with-twitter-logo-avatar/feed/0Disney (DIS) Stock Slides 4.77% after ‘Avatar’ Opening Weekend Failed to Meet Expectations
https://cryptocurrencypanther.com/2022/12/20/disney-dis-stock-slides-4-77-after-avatar-opening-weekend-failed-to-meet-expectations/
https://cryptocurrencypanther.com/2022/12/20/disney-dis-stock-slides-4-77-after-avatar-opening-weekend-failed-to-meet-expectations/#respondTue, 20 Dec 2022 10:13:44 +0000https://cryptocurrencypanther.com/2022/12/20/disney-dis-stock-slides-4-77-after-avatar-opening-weekend-failed-to-meet-expectations/
Avatar: The Way of Water has brought Disney a revenue of $134 million at the domestic box office during its opening weekend, falling short of analysts’ expectations of $175 million and Disney’s forecast of between $135 million and $150 million.
The Walt Disney Company (NYSE: DIS) stock closed Monday, December 19, trading at $85.78, down 4.30 percent from the day’s opening price. Disney did not hit the nail on the head during the opening box office weekend for James Cameron’s “Avatar: The Way of Water.” As such, the DIS stock may close the year at new lows, despite the coincidence with the 2022 end-of-year festive season.
Avatar by Disney
Notably, the Avatar: The Way of Water – official trailer on YouTube – has attracted over 46 million views after being released on November 2.
According to an American media outlet, Avatar: The Way of Water has brought Disney a revenue of $134 million at the domestic box office during its opening weekend, falling short of analyst expectations of $175 million and Disney’s forecast of between $135 million and $150 million.
In the international market, the film has scraped up approximately $300.5 million, bringing the opening weekend revenue to about $434.5 million.
Disney Stock and the Market Outlook
According to market data from MarketWatch, the Disney stock market has struggled since the onset of the Coronavirus global pandemic. In figures, the DID shares are down approximately 44 percent in the past year. Technically, the DIS stock market is retesting the 2020 Black Thursday, which marked Covid-19 as a global pandemic.
Nonetheless, Wall Street is highly bullish on Disney’s market outlook. Whereby a survey conducted by MarketWatch shows, 28 ratings gave DIS stock market an average of BUY.
The current market sentiment is directly proportional to the vaccine rollout in the United States and Canada, where most of Disney’s in-house activities are held.
The poor performance in the past few years has put the company’s leadership position at loggerheads with the board members. Moreover, the company’s recent quarterly earnings report showed a miss in analysts’ expectations. Notably, Disney reported revenue of $20.15 billion vs. $21.24 billion during the fiscal fourth quarter, according to Refinitiv.
Nonetheless, according to StreetAccount estimates, Disney+ added approximately 12.1 million subscriptions during the fiscal fourth quarter, bringing the platform’s total subscriber base to 164.2 million. Reportedly, the figure was higher than the 160.45 million analysts had forecast to happen during the fiscal fourth quarter.
The DIS stock market is expected to fall further in the first quarter of 2023, as the company’s overall growth is expected to slow down. Furthermore, Disney CEO Bob Chapek previously said that Disney+ will achieve profitability in the fiscal year 2024.
