Dogecoin (CRYPTO: DOGE) was printing a bullish pattern on Monday despite losing the race to become the first crypto to reach space.

DogeBonk (CRYPTO: DOBO) took that title last week, claiming it on Twitter Inc (NYSE:TWTR) after launching its logo 90,000 feet up on a weather balloon. DogeBonk enthusiasts celebrated the mission, which was streamed Sunday on Twitch, by getting the hashtag #SorryElon trending on Twitter in an attempt to goad Tesla Inc (NASDAQ:TSLA) CEO Elon Musk.

On April, 1, Musk claimed his company, SpaceX, would take Dogecoin to the moon. The following month, Canadian-based Geometric Energy Corporation said it planned to launch a lunar satellite aboard a SpaceX Falcon 9 rocket, which would be paid for in Dogecoin.

At press time, Musk had not yet taken to Twitter to comment on DogeBonk, but in June, after Bitmex said it planned to beat Dogecoin by taking Bitcoin (CRYPTO: BTC) to the moon first, Musk responded swiftly to write “a new space race has begun.”

Although Dogecoin enthusiasts likely would have preferred to hold the title of “first crypto to space,” many traders and investors of the crypto would likely prefer for Dogecoin’s price to rebound. If the crypto can react bullishly to the double bottom pattern it has printed, a move north may be in the cards.

See Also: How to Buy Dogecoin

The Dogecoin Chart: On Dec. 17, Dogecoin dropped down to the $0.161 level and ran into a group of dip buyers who caused the crypto to pop back up and wick from the level. On Monday, Dogecoin retested the level and again ran into buyers, which created the double bottom pattern.

By late afternoon, Dogecoin was working to print a bullish hammer candlestick, which could indicate higher prices will come on Tuesday. If the bullish patterns are recognized, Dogecoin could regain support at the eight-day exponential moving average (EMA), which would be the first sign a new uptrend may be slowly beginning.

Dogecoin was trading on lower-than-average volume on Monday, which indicates consolidation as there are neither a large number of buyers or sellers. By late afternoon, Dogecoin’s trading volume sat at about 187,331 compared to the 10-day average of 369,639.

• Bulls want to see big bullish volume come in and break Dogecoin up from the sideways trading pattern and above the eight-day EMA. Dogecoin has resistance near the 19-cent level and at 21 cents.

• Bears want to see big bearish volume come in and drop Dogecoin down below the double bottom level, which would confirm the crypto is trading in a downtrend. Dogecoin has support below at 16 cents and the 13-cent mark.

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Photo: Bill Jelen via Unsplash

Maverick billionaire and the CEO of SpaceX, Elon Musk, had become the butt of the jokes when he was mocked for failing to make Dogecoin the first meme coin in space on the doorstep of his Space X factory in California. DogeBonk sent the message to Elon Musk from Space reports express.co.uk.

Rival meme coin DogeBonk sends a message to Elon Musk from space

DogeBonk, through a Billboard, reminded the loudmouth and eccentric billionaire that his efforts of launching Dogecoin into space had been beaten. The Billboard has been erected outside the SpaceX factory in Hawthorne, California

The DogeBonk cryptocurrency is a relatively new coin in the cryptocurrency arena and is presently listed under the kicker DOBO. The diminutive meme coin has embarked on an ambitious media drive, and Billboards proclaiming its exploits have appeared worldwide, in Australia, Germany, India, and Dubai.

‘Sorry Elon,’ DogeBonk beats Musk’s Dogecoin mission to space

Mr. Musk has long championed DogeCoin, and his tweets are often credited with the surge in the values of the meme-based Dogecoin. Mr. Musk had long advocated that DogeCoin will herald the space age in the crypto arena. However, all his bluster has gone bust?

The Dogebonk community’s ambitions are gearing up as the billboard states: “Sorry Elon, Dogebonk is now hiring for an imminent moon mission.

Hey #SorryElon. 2nd Place is still alright @SpaceX #SpaceX #DogeBonk pic.twitter.com/ztOVhtHrzp

— Ghostbro – #SorryElon (@SomeCrypt0Guy) January 15, 2022

.”Learn more at dogebonk.com.”

One Dogebonk community member tweeted: “If ClownWorld has taught me anything about Elon Musk, it’s that DogeBonk might recruit SpaceX employees and beat Dogecoin to the moon.”

Fans of both the meme-based cryptocoin, Dogecoin, and Dogebonk, enjoy the meme coin-war that has escalated between the bitter rivals.

It is not the first time the Tesla boss had to eat his own words. In mid-December 2021, dog-faced meme coin Dogebonk beat Elon Musk to achieve the “first meme coin in space” after a successful stratospheric launch.

The Tesla boss had vowed to send a satellite into space in 2022, paid for entirely with Dogecoin.

A billboard reminding the Tesla Boss that his efforts to make Dogecoin the first memecoin in space have failed has now been erected outside the Space X factory in Hawthorne, California. The Dogebonk cryptocurrency is relatively new in the crypto-space and is listed under the kicker, DOBO. In an all-out memetic offensive new Dogebonk banner advertisements have appeared throughout the world, in Australia, Germany, India, and also in Dubai.

However, the latest advert strikes at the heart of rival Dogecoin’s main proponent, Mr Musk, who is renowned for championing DOGE.

The Dogebonk community’s ambitions are gearing up as the billboard states: “Sorry Elon, Dogebonk is now hiring for an imminent moon mission.

“Learn more at dogebonk.com.”

One Dogebonk community member tweeted: “If ClownWorld has taught me anything Elon Musk, it’s that DogeBonk might actually recruit Space X employees and beat Dogecoin to the moon.”

READ MORE: Musk humiliated after choosing Germany over UK

The Dogebonk community have paid top dollar and gained access to a billboard placed outside the Space X factory.

Speaking to Express.co.uk, one of the developers of Dogebonk said: “Last month, we beat Elon Musks Doge-1 mission by sending DogeBonk inside a Ledger to space in a weather balloon.

“Making it the first memecoin in space.

“We know that Elon likes to win so we thought we would once again say ‘Sorry Elon’ outside the Hawthorne Factory.

“This was so he and everyone at SpaceX knows that 2nd place is still good.”

Dongbonk is currently priced $0.000000077976 (£0.000000057976), up 7.0 percent in the last 24 hours.

Dogecoin is priced $0.188126 (£0.14), up 0.1 percent on the day.

In an all-out memetic offensive new Dogebonk banner advertisements have appeared throughout the week in Australia, Germany, India, and also in Dubai. The price of Dogebonk (DOBO) has surged an astonishing 7000 percent in the last 30 days, as the majority of coins in the rest of the cryptocurrency market have slumped. On Friday 5 November Bitcoin dropped from an all-time high of $68,000 to fall 6 percent in value to a present value of $59,000.

Throughout the week major meme coins have fared even worse, with Shiba Inu haemorrhaging value as holders liquidated positions amid fears of an early onset bear cycle.

Based on data from BSC scan, there has been an increase in the amount of Dogebonk holders and a decrease in the amount of Shiba Inu holder addresses in the last week.

Shiba Inu investors are aware that the value increases of SHIB will be more contained in the future because of the volume already held up in the coin, which has a market capitalisation of $24billion, and is ranked number 11th out of all cryptocurrencies.

Whereas, Dogebonk has much more room to manoeuvre having a current market capitalisation of $191million.

On Tuesday, Shiba Inu investors were rattled by the news that a major holder moved $632 million worth of the memecoin into a different address.

This vast amount of SHIB has not yet been sold, simply moved between addresses, but there now exists an atmosphere of uncertainty over whether there will be a sudden dump of the position onto the market.

Recent Reddit activity shows late-stage Shiba Inu investors see Dogebonk as an alternative that could replicate the huge SHIB price spike witnessed throughout October.

In October, Shiba Inu’s market capitalisation increased from $3billion to $43billion.

READ MORE: Outrage over £20,000 state pension rise

The Reddit user added: “I’m a loyal hodler.

“I’m talking about these guys discussing stuff like Freudian psychology and Deep Learning with memes.

“I’m not really worried I just think people should know what they are doing.”

However, another Shib holder, called Timely_Inflation1000, tried to calm the panic and stated: “Yes these coins might come out and slow Shib down a little and try to steal some Shib holders or make Shib investors invest some of their money in these coins for a quick buck.

“But, at the end of the day Shib is already so far ahead of these coins.

“Gemini just added Shib to their platform and Shibs hype hasn’t really slowed down one bit.

“This is just the beginning I really feel like Shib is gonna surpass a lot of people’s expectations.”

But, in this bitter online ‘dogfight’, another user, Matt1144, came to the defence of Dogebonk and stated: “Do you even understand the concept of market cap?

“Dobo will do a 50x before Shib even has a crack at a 2x from now.”

Speaking to Express.co.uk about the current fervour amongst memecoins, Ryan Wilkinson, co-founder of Blockasset.co said: “Shiba Inu took many market participants by surprise when it rallied helped in no small part by a coveted Coinbase listing. 

“Cryptocurrencies tend to jump on the news of a Coinbase listing as appearing on the exchange gives the assets exposure to a big retail market.

“Data from Santiment shows that crowd hype could have been a major contributing factor: mentions of SHIB and Shiba Inu surged around the time it started to run.

“Moreover, several TikTok ‘influencers’ with large followings have shared price targets for the coin, giving it further exposure to Gen Z investors.

“This year’s events – from GameStop to Dogecoin – have shown us that younger investors are happy to invest in a meme, and they’re interested in having fun when they invest.”

NEW YORK, USA, November 4, 2021 /EINPresswire.com/ — Cryptocurrencies have become an important fact of life. From its beginnings, in the global phenomenon known as Bitcoin, an almost endless number of Altcoins have arisen. This includes the wildly popular Shiba Inu Coin (SHIB) which recently made numerous headlines around the world. Shiba Inu is a meme coin, which based on its own creators intent, should not be taken too seriously. The price explosion that the currency has seen, however, means the meme coin has become a serious investment option to those initiated into the world of crypto currency trading.

Enter the latest trending meme coin DogeBonk token (DOBO), which looks to be developing in a similar manner as that of Shiba Inu and Doge Coin before it. The ambitious project has already achieved a market capitalization of more than $46 million dollars since November 1st, 2021 and is growing rapidly every minute. DogeBonk’s price has more than tripled since its creation and the profit potential in this meme coin seems to be still in its early stages.

The attention the DogeBonk Community has garnered, may prove vital for the meme coin, whose project has gained popularity through its media presence, including a billboard taken out in Times Square, New York City as well as its efforts in a wide range of social media networks. DogeBonk holders have grown to include more then 16,000 investors, including the well-known rapper Flyysoulja. The rapper explains that he sees DogeBonk as a solid long term investment and does not plan to sell his tokens any time soon.

Investing in rising cryptos has proven to be extremely lucrative, for those early enough to get in, as witnessed with Shiba Inu. SHIB saw a dramatic price increase of over 70,000,000% since its initial creation. To learn more and take a closer look at DogeBonk visit the project’s website at www.DogeBonk.com.

Marjan Maletin
Maletin PR
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