Famous for his similarity to Elon Musk, TikTok phenomenon Yilong Ma shared his favorite altcoin projects after a long time. In a viral TikTok video, she named her favorite and hated altcoins.
Chinese Elon Musk loves this altcoin project the most
In a viral TikTok video, Musk’s Chinese doppelganger Ma expressed his love for Dogecoin (DOGE), while rejecting fiat currencies like the dollar.
Musk told a Twitter user last year that “Chinese Elon Musk” could possibly be a “fake” face using deep fakes. The Twitter CEO expressed interest in potentially meeting his twin in the northeastern province of Hebei.
“I would love to meet this guy (if he’s real),” Musk said. Deep fakes are hard to understand these days,” he tweeted.
Ma has a TikTok account under the username “Elong Musk”. His latest video on TikTok has over 1.6 million views.
How about Dogecoin (DOGE)?
Price-wise, Dogecoin has been making steady gains over the past two weeks. It has formed a series of high lows (LH) during this period and has a bullish market structure on the daily time frame. The bulls are currently facing a stiff resistance near the $0.1 level.
Just below the psychologically significant $0.1 level, there is a bearish order block on the daily time frame from December 2022. Last week, its price failed to rise above $0.1 which underlined the fact that sellers are dominating this area.
In the current situation, the move and subsequent retest, especially above the $0.079 resistance level, was an important sign of bullish strength. Similarly, a break above $0.1 will also be a strong indicator of bullish dominance. Until then, some consolidation and a slow upward move are likely. A move back below $0.082 and $0.078 will turn the bias bearish again. Dogecoin is currently trading sideways in the $0.08981 region.
cryptocoin.com We have included DOGE price forecasts for February in this article.
An altcoin whale holding a huge amount of DOGE is active again after 9 years
A dormant Dogecoin whale containing 2,043,137 DOGE has been activated for the first time in over nine years. This amount of Dogecoin is currently worth $190,000. Compared to Dogecoin’s $457 million in trading volume in the last 24 hours, $190,000 is just a fish in the ocean, according to CoinMarketCap. Hence why the markets ignored the concerns about these more than 2 million tokens being thrown away.
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