Dogecoin Spikes on Elon Musk’s DogeShades; Why Clover Finance and Electroneum have rallied massively amid the BTC price mismatch


Dogecoin (DOGE) steals the show with its latest rebound from lows of $ 0.171. This time Elon Musk didn’t tweet about Dogecoin but changed his Twitter profile picture, which now has Musk with a pair of aviators looking all dapper – with Dogecoin reflected in the glasses. His Twitter biography also states “same necromancy while you wait”. As of this writing, Doge was trading at $ 0.19, up 9.55% in the past 24 hours.

On the flip side, Bitcoin (BTC) bulls appear to have defended the $ 31,000 level again, after a slight intraday rebound to highs of $ 31,949 in Saturday’s session. The Altcoin market mirrors the Bitcoin price action. As of going to press, daily losses across all areas were dissipating and some Altcoins have even started to rebound.

Hedera Hashgraph (HBAR, + 1.87%), Polkadot (DOT, + 1.33%), Ethereum Classic (ETC, + 1.70%), IOTA (MIOTA, + 5.23%), NEM (XEM, + 11.98%), SushiSwap (Sushi, + 10.59%), Holo (HOT, + 4.30%) were observed showing slight recoveries in the last 24 hours.

Notably, Bitcoin (BTC) has remained in a sideways range since May, up to 54% below its peak. Analysts say Bitcoin could be bracing for a price breakout – higher or lower – after trading in a range of around $ 30,000 to $ 40,000 over the past eight weeks.

Why Clover Finance, Electroneum have rallied massively

Clover Finance is an offshoot of Polkadot, committed to providing an easy-to-use blockchain infrastructure and creating a single EVM-enabled framework for substrate-based applications.

Coinbase Pro’s bullish news sent Clover Finance (CLV) to all-time highs of $ 2.29 on July 17, while gaining nearly 193% in the process. On July 15, the network announced “Incoming transfers from Clover Finance are officially accepted on CoinbasePro with ERC-20 version of CLV.” This also coincides with a separate listing on both Kucoin and FTX.

Electroneum (ETN) is a mobile phone-based encryption platform that offers an instant payment system. Positive speculation that Electroneum is partnering with Ripple Labs and the Quant network to form the ‘Digital Pound Foundation Limited’ To create a CBDC for the UK, the ETN price rose from a low of $ 0.006 to intraday highs of $ 0.0149, rising nearly 148%.

The ETN network blockchain upgrade is also undergoing intensive testing to ensure it remains secure and operational.


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