Dogecoin's shining moment: Tesla accepts support for purchase
✧ In the world of cryptocurrency, Dogecoin ($DOGE ) has always been known for its unique community and fascinating followers. However, just now an event has made Dogecoin the focus of global attention again.
● Elon Musk, founder and CEO of Tesla, announced that Tesla will accept Dogecoin as a means of payment, which has sparked widespread discussion and attention.
✧ Dogecoin is a cryptocurrency derived from the Internet meme "Doge" and was born in 2013. Although it was initially seen as a joke, Dogecoin has gradually won a group of loyal supporters over the past few years. Among them, Tesla CEO Elon Musk has been one of the star supporters of Dogecoin.
✧ Musk has repeatedly tweeted on social media to support Dogecoin and called it "the people's cryptocurrency." These tweets not only drove the rapid rise in the price of Dogecoin, but also attracted more attention and interest. Therefore, when Tesla announced that it would accept Dogecoin as a means of payment, it was seen as a major milestone for Dogecoin.
✧ Tesla's acceptance of Dogecoin as a means of payment not only provides more usage scenarios for Dogecoin holders, but also deepens people's understanding and trust in Dogecoin. This move is also seen as Tesla's further acceptance and recognition of cryptocurrencies, further promoting the development and growth of the cryptocurrency market.
In summary, Tesla's acceptance of Dogecoin as a means of payment marks a major breakthrough and progress for Dogecoin. This not only provides a new opportunity for the popularization and use of Dogecoin, but also injects new impetus and vitality into the development and growth of the cryptocurrency market.
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Observing the trends of $MERL during this period, I am increasingly convinced that: $0.5 is not just a simple resistance but a trend boundary that must be taken seriously.
1. Supply side: December enters the concentrated unlocking period
There are four important time points in December (12/12, 12/15, 12/16, 12/19)
It is expected that about 70 million $MERL will be included in the circulation range.
Impact:
1️⃣ The market will conduct position management in advance, making the trading rhythm more stable. 2️⃣ Some OTC holders have different cost ranges, so when the price approaches their range, proactive adjustment behavior will naturally occur.
These all belong to normal changes in supply rhythm.
2. On-chain: Large capital movements make the structure more transparent
Today, a certain address transferred 16 million $MERL to #Bybit, This type of large on-chain activity usually reflects that funds are preparing for subsequent operations, including: ✔ Enhancing liquidity ✔ Coordinating with personal or institutional asset management plans ✔ Adjusting positions before the unlocking period
Due to the public and transparent actions, other participants can use this to judge the current capital layout and optimize their own strategies.