updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Days after Twitter Inc (NYSE:TWTR) announced that users can now tip using Ethereum (CRYPTO: ETH), supporters of Shiba Inu (CRYPTO: SHIB) want SHIB to be included as an option too.
Twitter first announced the feature of tipping with cryptocurrencies in September 2021, when the company began allowing users to send and receive tips in Bitcoin (CRYPTO: BTC).
A dedicated SHIB community on Twitter that goes by the name “MILKSHAKE” recently requested Twitter to add Shiba Inu as a tipping option.
MILKSHAKE’s account has over 270,000 followers on the social media platform.
Request post for @Twitter to add $SHIB as a tipping option. @TwitterSupport @verified @_tessr @HiCommunities
— MILKSHAKE (@shibainuart) February 16, 2022
Some followers also supported the cause and explained how SHIB would be a better option than Bitcoin and Ethereum.
It will happen soon enough. I mean, what stable person buys anything or tips anyone in Bitcoin? And with wild gas fees and constant need for transactions, Ethereum is to valuable to waste. Shiba Inu is the perfect token for gifting. It’s the social coin.
— CashSmart the Affluent (@CashSmartLLC) February 17, 2022
Crypto insights handle Mr Whale that posts regular updates on cryptocurrency price movement believes that nobody will use the Bitcoin tip jar. “It’s time Twitter integrates more coins, who agrees?”
Twitter has also introduced non-fungible token (NFT) verification for paid “Twitter Blue” subscribers in January.
Also Read: If You Had $1,000 Right Now, Would You Put It On Dogecoin, Axie Infinity Or Shiba Inu?
A group of independent developers has made Dogecoin (CRYPTO: DOGE) tips on Twitter Inc (NYSE:TWTR) possible with a DOGE tip bot.
What Happened: In an announcement on Reddit’s Dogecoin community forum, developers announced they had deployed the SoDogeTip bot on Twitter so that users could send DOGE tips via tweets.
“This is the Twitter version of the bot we have been using on reddit since 2017,” said Mishaboar on Twitter, sharing details of how to register for the service and claim tips.
If a #dogetip you have sent is not claimed for more than three days, the amount is returned to your account.
You can withdraw from your @sodogetip Dogecoin address by interacting with the bot via DMs; you can also deposit #Dogecoin to your @sodogetip address.
— Mishaboar (@mishaboar) December 7, 2021
Dogecoin co-creator Billy Markus weighed in on the announcement, advising users to be cautious about leaving crypto in their wallets for too long.
“for some caution, and this isn’t shade at all to the developer as he has been doing this a very long time and is trusted, but things can happen and access can be lost or accounts can get removed so recommended to not leave crypto in the tip wallet too long!” said Markus.
As @BillyM2k pointed out, do not use this bot for holding more than what you need for tipping others. This is not a wallet.
While the dev is a trusted member of the community, errors and security issues happen. Have fun with it, but be smart!https://t.co/ckaMq9FWO4
— Mishaboar (@mishaboar) December 7, 2021
Earlier this year, Markus described DOGE tipping as one of the best use cases for the meme-based cryptocurrency.
Back in 2014, Dogecoin spread wildly because it was used as a tipping currency – the reddit tip bot made millions of doge transactions.
I’d like to see the community to get back to that culture. Tipping is one of the best use cases. It adds new users, spreads DOGE, and is fun.
— Shibetoshi Nakamoto (@BillyM2k) June 1, 2021
Price Action: DOGE was trading at $0.1782 on Wednesday, down 1.27% in the last 24 hours.
Related Link: Happy Birthday, Dogecoin: How This 8-Year Old Joke Grew Up To Become A $22B Asset
Photo: Executium on Unsplash
Twitter Inc. (NYSE:TWTR) and Square Inc. (NYSE:SQ) CEO Jack Dorsey has again trolled backers of Ethereum (CRYPTO: ETH), the second-biggest cryptocurrency by popularity and market capitalization.
What Happened: Dorsey, a big supporter of apex cryptocurrency Bitcoin, posted a screenshot of how he created and synced a list of all Twitter accounts he follows, but the screenshot displays a tweet that “explains” why Ethereum is considered a scam.
I used @getvicarious to create and sync a list of all accounts I’m following, set that list to be reverse chron, named it “Latest” and pinned it, and now I can quickly swipe between ranked (algorithm) and all tweets as they happen
(inspired by an idea from team) pic.twitter.com/ZfSg9pGeds
— jack (@jack) August 12, 2021
See also: How To Buy Ethereum (ETH)
A Twitter user said he believed the screenshot was a coincidence, but Dorsey responded by saying it was not.
There are no coincidences
— jack (@jack) August 12, 2021
See Also: Twitter CEO Jack Dorsey Throws Dogecoin Community In A Frenzy With Cryptic Tweet
Why It Matters: Dorsey had caused a ruckus in July after his “#eth” tweet linked to the flag of Ethiopia.
— jack (@jack) July 22, 2021
Dorsey is widely known to be a so-called “Bitcoin maximalist” and has refused to consider buying into Ethereum and other altcoins on several occasions.
The Twitter CEO said on the company’s second-quarter earnings call in July that Bitcoin will be a “big part” of the company’s future. Dorsey’s financial payments company Square has also invested in the apex cryptocurrency.
Dorsey’s continued rejection of Ethereum as a viable instrument comes even as the sale of his first-ever tweet, put on auction as a non fungible token, was denominated in ether.
Price Action: Twitter shares closed 0.3% lower in Wednesday’s trading at $65.46.
Bitcoin is down 2.4% during the past 24 hours, trading at $45,200.59 at press time, while Ethereum is down 2.7% over the 24-hour period to $3,134.85.
Read Next: Dogecoin Outperforms Bitcoin From Here, Says Twitter-Popular Technical Analyst
The hashtag “Dogecan” is trending on Twitter Inc.’s (NASDAQ:TWTR) social media platform in the U.S. at press time, thanks to interest in the widely-popular meme cryptocurrency Dogecoin (CRYPTO: DOGE).
What Happened: The hashtag had a tweet volume of 6,573 tweets, indicating the support it has from the Dogecoin community.
Dogecan is a potential Dogecoin-inspired scent that was teased by Axe, a leading men’s deodorant brand, in a tweet on Tuesday. Axe indicated in a new tweet that Dogecan will be launched on July 20.
Dogecoin co-creator Billy Markus too noted that Dogecan is trending on the social media platform, just hours after he commented that the Dogecoin lovers will have the pleasure of “smelling like doge in a few days.”
— Shibetoshi Nakamoto (@BillyM2k) July 16, 2021
Famed Dogecoin investor Glauber Contessoto, who goes by the username ‘SlumDOGE Millionaire” on Twitter, said he is aiming for Dogecoin to reach the milestone of $1 in value with “Dogecan.”
#dogecan GO TO $1 DOLLAR!
— SlumDOGE Millionaire (@ProTheDoge) July 16, 2021
Meanwhile, another supporter of the Shiba-Inu themed coin posed the question on Twitter as to what scent people thought Dogecan will have.
See Also: Why Is Baby Doge Coin Surging Today?
Why It Matters: Axe first introduced the idea of a Dogecoin-inspired scent on April 20 this year – a day celebrated as “Doge day” by the Dogecoin community. At that time, the company said it will introduce the scent if Dogecoin’s price touched $1.
However, the price of Dogecoin is presently nowhere near the targeted milestone.
While the meme cryptocurrency’s year-to-date gain stands at an impressive 3,193.2%, it is down 74.6% from its all-time high of $0.7376 reached in May.
Price Action: Dogecoin is down almost 3.9% during the last 24 hours, trading at $0.1865 at press time.
Read Next: Popular Crypto Trader Says He Would Buy Dogecoin If It Fell To This Level
Twitter Inc (NYSE:TWTR) and Square Inc (NYSE:SQ) CEO Jack Dorsey sent out a cryptic tweet Thursday, which caught the attention of Dogecoin (CRYPTO: DOGE) community.
What Happened: Dorsey simply tweeted “Wow.”
Wow
— jack (@jack) August 6, 2021
greg, now a legendary meme Twitter handle with the Dogecoin community, replied with his own version.
While one commentator noted the depth of the conversation.
This is the commentary we come here for!
— SBA (@SadBillAckman) August 6, 2021
Meanwhile, Tesla Inc. (NASDAQ:TSLA) Elon Musk responded with his own strange tweet that may have meant he wanted to engage with Dorsey via direct messages on Twitter.
DMTwitter
— Elon Musk (@elonmusk) August 6, 2021
DOGE traded unchanged at $0.20 at press time. The Shiba Inu-themed cryptocurrency is down 3.21% for the week.
Why It Matters: Dorsey’s latest tweets touched on The Wydens-Lummis-Toomey amendment which aims to add clarity on the infrastructure bill under debate in the Senate.
See Also: Crypto Lobbying Wins Infrastructure Bill Amendment: Blow To Industry Avoided?
The CEO also touched on a non-custodial wallet that Square wants to build and asked his following to help in those efforts.
The “Wow” could have been a reference to any of those earlier tweets. In Dogecoin parlance, Wow is also used with a modifier to make memes and it could be an insinuation to that practice. Examples include, “Such Speed, Much Wow,” “Such Popularity, Much Wow,” and “Such Freedom, Much Wow.“
wow
— Shibetoshi Nakamoto (@BillyM2k) August 2, 2021
As of press time, no further clarity was available on what Dorsey meant exactly.
Read Next: This Cryptocurrency Gave The Best Returns In July, And No — It’s Not Dogecoin Or Any Meme Coin
Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk’s comments on social media platform Twitter caused the price of Bitcoin (CRYPTO: BTC) to fall and Dogecoin (CRYPTO: DOGE) to rise in the second quarter, sentiment-driven analysis from eToro USA and the TIE showed.
What Happened: On average, Bitcoin prices declined by 1.6% within the 24 hour-period after Musk’s tweets related to the apex cryptocurrency in the quarter, according to the report. Meanwhile, Musk’s tweets on Dogecoin contributed to an average 8.4% increase in the meme cryptocurrency’s price during the next 24 hours.
Despite the negative impact on the price, Musk’s bitcoin-focused tweets positively affected investor sentiment by 23.5% and also contributed to a 44.4% surge in Bitcoin-related tweet volume and Dogecoin-related tweet volume surged by 99.7% within 24 hours of his tweets.
See Also: How To Buy Bitcoin (BTC)
The report also showed how Musk and MicroStrategy Inc. (NASDAQ:MSTR) CEO Michael Saylor influenced the overall conversation on Twitter about the two cryptocurrencies in the quarter.
Why It Matters: The report highlights the impact Musk and Saylor had on the sentiment and price of two prominent cryptocurrencies in an extremely volatile second quarter. Musk has more than 58 million followers on Twitter.
The tech tycoon has been accused of being a “manipulator,” who is using his position and massive Twitter following to influence the cryptocurrency market. Dogecoin has shot to prominence this year, in major part due to endorsement from Musk.
The Tesla CEO’s Dogecoin endorsements prompted the U.S. Securities and Exchange Commission to caution investors in May not to make investment decisions just because an investment has been recommended by “someone famous.”
Price Action: Bitcoin is down almost 3.8% during the last 24 hours, trading at $36,652.52 at press time, while Dogecoin traded almost 5.9% lower at $0.1981 over the last 24 hours.
Read Next: Bitcoin, Ethereum, Dogecoin Rally Threatened As Amazon Denies Reports Of Crypto Foray
Photo by Heisenberg Media on Flickr
After back-to-back rebound days with strong breadth, bulls are trying to sort out whether they have enough energy to drive the indices to new all-time highs. As earnings season really gets underway, let’s look at a few top stock trades for Friday.
Cryptocurrencies were on the edge earlier this week — again. However, the group caught a bid on Wednesday on optimism that Elon Musk, Cathie Wood and Jack Dorsey would say enough encouraging things at “The B Word” conference to give Bitcoin (CCC:BTC-USD) a boost.
And it did, at least for the day. The question now is, will it be enough to avoid a break to new lows?
Dogecoin (CCC:DOGE-USD) has been struggling to hold its 200-day moving average, but has been holding its weekly VWAP measure. While it popped on Wednesday, Dogecoin is now struggling to reclaim its key moving averages.
It must reclaim the 10-day and 21-day moving averages. If it can, it opens the door to the 10-week and 50-day moving averages and the 23 to 25 cent area.
On the downside, keep an eye on the 16 cent level. This mark held as support this week, but if it breaks, it could open up significant downside. Remember, Dogecoin is still quite speculative in the space, which is engulfed in a bear market at the moment.
Intel (NASDAQ:INTC) reported earnings after the close today, and bulls are hoping it can turn around the stock’s woes. While Intel came roaring into the year, shares were hammered in April on earnings.
For now, the 50-week moving average is holding as support, as the 10-week moving average is squeezing Intel lower. Furthermore, $54 is acting as support, while $58 is acting as resistance.
However, the setup is pretty simple because of these ranges and well-defined support and resistance marks.
On a bullish reaction, look for a move above (and more importantly, a close above) $58 and the 10-week moving average. That opens the door to the 21-week moving average, then potentially $60-plus, all the way up to $64.
On the downside, though, a close below $54 puts the 200-week and 50-month moving averages in play.
Like Intel, Twitter (NYSE:TWTR) also reported earnings after the close on Thursday. Unlike Intel, however, shares have been trading much better lately.
After a quick dip to the 10-week moving average, shares are powering higher and recently reclaimed the 10-day and 21-day moving averages. On a bullish post-earnings reaction, I want to see a close over $72.
That will also be necessary in order to stop Twitter’s current trend of lower highs. If it can really pop, $75 to $80 could be on the table.
On the downside, keep an eye on the 10-week moving average and the $64 to $65 area. Below these zones puts the 50-day moving average on the table.
Snap (NYSE:SNAP) also reported earnings after the close, for what it’s worth.
Cleveland-Cliffs (NYSE:CLF) has been attracting a lot of attention lately from traders. Understandably so, as this low-priced stock has been making a number of big moves in both directions.
Notice how the 21-week moving average continues to guide the stock higher, along with uptrend support. At the same time, CLF stock has a downtrend mark in play as it does have a lower high near $23.50.
Okay, so where does that leave us now?
Shares threatened to break below the 21-week moving average, but it held as firm support. Now let’s see if CLF stock can reclaim the 10-day, 21-day and 50-day moving averages, as well as uptrend support. If it can, $23 could be in play, followed by $23.50, then $25.
If the stock gets rejected, the 21-week moving average is back in play. Below the July lows puts $17.50 on the table.
On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.
Twitter reported adjusted earnings per share of 20 cents against 7 cents expected by analysts according to a poll by Refinitiv.
Twitter Inc (NYSE: TWTR) stock experienced a bump of nearly 9% during Thursday’s extended trading hours after the company reported its second-quarter earnings. Twitter stock was trading with a gain of over 5% at around $73.50 as of Jul 22, 2021, 7:59 p.m. EDT according to market analytics provided by MarketWatch. The spike has been attributed to the Twitter Q2 2021 earnings results that beat analysts’ expectations.
Notably, Twitter reported adjusted earnings per share of 20 cents against 7 cents expected by analysts according to a poll by Refinitiv. Additionally, the giant social media platform recorded a revenue of $1.19 billion versus $1.07 billion expected by analysts according to a survey conducted by Refinitiv.
During the last three months of the first half of 2021, Twitter said that monetizable daily active users (mDAUs) were 206 million versus 206.2 million expected by analysts according to a survey by StreetAccount.
Worth noting, the firm recorded a profit of $65.6 million against a $1.38 billion loss during the second quarter of 2020. Twitter has morphed significantly through the pandemic and now offers more relatable services to its customers.
During Q2, Twitter introduced its first subscription service that enables users to undo a tweet. Additionally, the firm introduced its audio chat feature and also a tip jar feature that has seen more users enjoy during the pandemic.
If the creator is creating great content, and you see it in Super Follows, or it’s just a tweet and somebody puts money in their Tip Jar, or it’s long-form content that we include in a different price point for a subscription, without ads, that complements it with other features that come from us, then we would make sure that part of the value that can be attributed to the creator where those dollars go to them and that we’re facilitating a transaction,” Ned Segal, Twitter’s finance chief, said on a conference call with analysts.
Forward, the company is optimistic the numbers will keep on rising beyond analysts’ expectations. According to the guidance provided by the company during the earnings call, Twitter estimated a revenue of $1.22 billion to $1.30 billion during the third quarter. Notably, according to a survey by Refinitiv, Wall Street analysts had a forecast of $1.17 billion in revenue for the social media platform during the third quarter.
Worth noting, the company said that it expects its revenues to grow much faster than its expenses during the fiscal year 2021.
A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies.
Mythology is my mystery!
“You cannot enslave a mind that knows itself. That values itself. That understands itself.”