• Elon Musk recently tweeted about Dogecoin and Shiba Inu, causing a 6.6 percent and 2.5 percent surge respectively in their prices
• A study by Blockchain Research Lab shows that there is an average 3 percent price range after each of Musk’s tweets
• The 24-hour move of Dogecoin has been within the ranges of $0.0832 and $0.0872, however it was unable to test its key resistance level of $0.09

Dogecoin Pumps as Elon Musk Advertises DOGE on Twitter

Musk’s Tweet Causes Price Surge

Elon Musk’s recent tweet sent Dogecoin rising by 6.6 percent, and Shiba Inu by 2.5 percent. According to the Blockchain Research Lab study on the effect of Elon Musk’s moves on crypto, there was a price range of about 3 percent on average on each of the 47 events after a tweet by Musk.

Fact Check Requested by Musk

The latest tweet from Elon Musk caused speculations among investors due to its apparent joke nature with an image attached to it with the inscription „It was me, I let the dogs out.“ There was also a follow-up tweet where he wrote „Fact check me @CommunityNotes.“

Price Response From Dogecoin and Shiba Inu

Following this tweet, Dogecoin responded with a 6.6 percent sharp increase while Shiba Inu surged by 2.5 percent too. Before this tweet from Elon Musk, Community Notes posted that: Starting today, you’ll get a heads-up if a Community Note starts showing on a Tweet you’ve replied to, Liked or Retweeted – helping give people extra context they might otherwise miss.

Effect of Elon Musks Moves On Crypto Prices

Blockchain Research Lab’s study on the effect of Elon Musk’s moves on cryptos discloses that he has an interesting command over investors; with an average 3 percent price range for each of his tweets being observed in all 47 events studied in relation to his tweets . Additionally , whenever there is an immediate and large spike in price , there is another 45-minute price spike that follows .

Conclusion

The 24-hour move of Dogecoin has been within the ranges of $0

• Chainwire Massive Gaming, NEOWIZ’s overseas affiliate, is launching House of Slots, the world’s first stable blockchain technology-based social casino game.
• Through the Web3-based Play and Earn system, users will be able to unlock rewards in the game’s decentralized economy.
• Players can take part in airdrops and NFT free minting events before launch, as well as mission play and NFT holder limited events after launch.

Chainwire Massive Gaming Launches House of Slots

Seattle, Washington, 20th February, 2023 – Chainwire Massive Gaming, NEOWIZ’s overseas affiliate is launching House of Slots; a global social casino slot game that will be released in March 2023 with a follow-up release of House of Poker. This project marks the first ever stable blockchain technology-based social casino game.

Decentralized Economy & Rewards System

House of Slots offers over 80 different social casino slot machine games to provide users with a realistic and fair gaming experience. Through its Web3-based Play and Earn system; players can unlock rewards in the game’s decentralized economy which allows them to further own their value within the game.

Airdrop & NFT Events Before Launch

To promote engagement before launch there are tokens, airdrops and game NFT free minting available through House of Slots. To participate in these events users must install an IntellaX wallet which they can do through login registration or by linking their email address.

Mission Play & NFT Holder Limited Events After Launch

After opening there are additional benefits through mission play including more valuable rewards for those who own an NFT (Non Fungible Token).

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Acceptance Of Stable USDC Coin

The most notable aspect of this project is the adoption of the stable USDC coin fixed to the value of US dollar. Global players have access to various free social casino games where they can earn USDC with specific goods provided by the game.

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• RenQ Finance (RENQ) is an extremely bullish DeFi Project that is in its Presale Stage.
• Dogecoin (DOGE) has gained considerable boost due to a recent research study and market recovery, while Polkadot (DOT) has increased trade volumes.
• RenQ Finance (RENQ)’s presale has had a successful start and investors are rushing to buy its tokens.

Investors Bet On RENQ, DOT, and DOGE

The cryptocurrency market is buzzing with excitement this month as investors flock to try their luck at investing in some of the most popular crypto projects. RenQ Finance (RENQ), Polkadot (DOT), and Dogecoin (DOGE) are some of the top cryptocurrencies this month that offer great potential for growth.

Dogecoin (DOGE)

Dogecoin (DOGE) is one of the most beloved meme coins due to Elon Musk’s support for it. A recent research study has revealed that Dogecoin (DOGE) was the only meme coin that decreased its carbon footprint in 2022, further boosting investor confidence in it. This, coupled with the recent market recovery, has sparked interest in Dogecoin’s(DOGE). As a result, over the past month its price has significantly surged and experts believe it will continue on an upward trajectory in coming weeks.

Polkadot (DOT)

Polkadot’s(DOT) multichain network bridges existing blockchain networks into a single integrated network by allowing for customization of blockchains while allowing them to operate independently from the parent chain. Recently it’s seen increased interest from MantaPay and other protocols resulting in a surge of trade volume which suggests Polkadot is ready for a big upside swing in this month ahead according to market analysts.

RenQ Finance (RENQ)

RenQ Finance(RENQ) is an all-in-one DeFi platform with each product under one roof during its first stage of presale with prices set to increase soon. The first stage of Renq Finances'(RENQ)’s presale has had a blockbuster start which caused many crypto investors rush to buy their tokens as they anticipate great returns on their investments due predictions by market experts that RENF can rise as high as 8000%.

Conclusion

This month promises plenty of opportunities for investors looking to diversify their portfolios or enter new markets with cryptocurrencies such as Renq finance(RENF), Polkadot(DOT), and DogeCoin(DOEG). With all these projects having promising outlooks, now may be the ideal time for those looking to invest before prices take off!

• Djed, a Cardano-based overcollateralized stablecoin, has achieved massive success since its launch two days ago.
• It has minted 1.85 million coins and burned 40,000 tokens thus far.
• Djed and SHEN are now listed on major exchanges including Minswap, Wingriders, Bitrue and CoinMarketCap.

Djed Stablecoin Launch

Cardano IOG and COTI have recently launched Djed, an overcollateralized stablecoin on the Cardano network. The launch of Djed was highly successful as it attracted 27 million Cardano (ADA) tokens as backing and achieved an 800% reserve ratio within two days of its release to the market. A total of 1.85 million coins have been minted while 40,000 tokens were burned in this billion-dollar market.

Listings on Major Exchanges

Both Djed and SHEN (the Reserve Coin) have gained wide coverage across many media publications since their launch and are now listed on major exchanges like Minswap, Wingriders, Bitrue and CoinMarketCap. 21M SHEN were also minted with 73K being burnt for a reserve ratio of 623%. These listings will help to increase accessibility to crypto users globally as well as mainstream adoption of both assets.

Fundamental Analysis Platforms Integrating Djed

Djed is also receiving attention from fundamental analysis platforms like CoinGecko and DeFi TVL aggregator DefiLlama which have unrolled them for millions of users respectively. This further highlights the immense potential that these stablecoins possess in terms of usage and value growth in the near future.

Upcoming Upgrades

COTI has mentioned upcoming upgrades in their blog post concerning Djed’s launch which may further improve accessiblity to users worldwide as well as bring more features such as easier liquidity solutions for investors who wish to invest in the platform’s native token DJED or SHEN token through different exchanges or platforms.

Conclusion

In conclusion, it can be said that Cardano’s overcollateralized stablecoin Djed is gaining significant traction only two days after its launch due to its innovative features such as minting 1.85 million token supply with a burn rate of 40 000 tokens so far in this billion-dollar market coupled with widespread listing across multiple exchanges; making it one of the most sought after investments among crypto traders globally