Dogecoin has been making headlines lately following a series of tweets by tech mogul Elon Musk. He has caused the cryptocurrency to skyrocket, with holders rejoicing over the sudden gains. David Gokhshtein, cryptocurrency influencer and creator of Gokhshtein Media, added to the excitement with a comment on Dogecoin's impressive rise. By replacing the blue bird logo of Twitter with the logo of Doge, Musk has apparently indicated that he intends for Dogecoin to be used to conduct micropayments and tipping on the social media platform. David Gokhshtein is an avid supporter of meme coins, owning large bags of Dogecoin and Shiba Inu, and looking forward to Shiba Inu hitting a $0.01.

Gokhshtein also noted the role of Dogecoin in initially sparking the two most recent bull runs on the market. He concluded that if even twenty percent of the crypto platform's 400 million users were to transact in Dogecoin, it would be a major win for the industry.

Whale Alert was then able to track two mega-transactions which withheld hundreds of millions of Dogecoins, possibly to sell. The first was conducted by the fifth-largest Dogecoin whale. This transfer was worth $65.5 million while the second was worth $27.7 million.

At present, Dogecoin can be bought and sold for $0.0992 on the Binance exchange. It's clear that Dogecoin's status will likely remain in an uptrend for the foreseeable future; keeping a lookout for the many opportunities that the coin presents is paramount.



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