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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

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    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

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    PAP Boss to Niger Delta Youths, Stay Away from the Protest

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    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

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    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

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Dogecoin Finds Major Bullish Catalyst in Elon Musk X Payments

June 18, 2024
in General
Dogecoin Finds Major Bullish Catalyst in Elon Musk X Payments
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Elon Musk’s grand vision for X, formerly known as Twitter, includes transforming the platform into an all-encompassing app, complete with payments, audio and video calls, news, and even dating. What is the most intriguing part of this ambitious project? The integration of Dogecoin, the popular meme coin Musk has often championed, into X Payments.

According to Bloomberg, Linda Yaccarino, CEO of X, has confirmed that the development of X Payments LLC is well underway. While specific details remain scarce, documents submitted to state regulators reveal plans for features similar to Venmo.

Musk has repeatedly emphasized the need for X to diversify its revenue streams beyond advertising, which has historically accounted for over 90% of its profits. He wants X to become the largest financial institution globally, leveraging payment services to improve user engagement and participation on the app.

Financial documents submitted to regulators highlight the company’s struggles since Musk’s acquisition in late 2022. Revenue for the first half of 2023 fell to $1.48 billion, down nearly 40% from the same period in 2022. 

The company also reported a $456 million loss in the first quarter 2023. Despite these challenges, Musk’s vision remains undeterred, with him holding nearly 75% of X Holdings Corp., the parent company of X. At press time, DOGE was worth $0.121 and has decreased 10% over the past day. 

Source: TradingView

DOGE’s 50-period moving average and the 200-period moving average are trending downwards at the moment, indicating a strong bearish trend. The price consistently stays below these averages, which acts as dynamic resistance levels and reinforces the bears’ control. 

Even still, recent movements show the MACD line crossing above the signal line, indicating a potential bullish reversal or pullback in the short term. But all in all, DOGE’s short-term outlook is pretty bearish.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Coinpedia – https://coinpedia.org/news/dogecoin-finds-major-bullish-catalyst-in-elon-musk-x-payments/

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