Elon Musk, the CEO of Tesla, an owner of X, and a prominent advocate of Dogecoin (DOGE), has expressed criticism against non-fungible tokens (NFTs), a sentiment that has found agreement among Bitcoin (BTC) aficionados.
In a recent episode of the "Joe Rogan Experience" podcast, Musk expressed his disapproval of the prevailing concept that several non-fungible tokens (NFTs) lack complete existence on the blockchain, instead functioning as Uniform Resource Locators (URLs) that direct to other servers housing the authentic digital assets.
According to Musk, this particular structure exposes NFT owners to the risk of asset loss in the event that the hosting firm becomes insolvent.
#elonMusk highlighted the amusing aspect that the non-fungible token (NFT) in question does not really exist on the blockchain, but rather functions just as a Uniform Resource Locator (URL) leading to a JPEG file.
It is recommended to consider encoding the JPEG file within the blockchain network. In the event that the firm responsible for hosting the picture becomes insolvent, the image will no longer be accessible.
Musk's critique addresses a longstanding discourse within the NFT community over the genuineness and safeguarding of digital artworks represented by such tokens.
While several non-fungible token (NFT) initiatives choose to keep their assets directly on the Ethereum (ETH) blockchain, others choose for external servers, which may pose a danger to the assets in the event of server downtime.
The topic of discussion pertains to the concept of Bitcoin ordinals.
Bitcoin advocates capitalized on Musk's remarks to emphasize the significance of Bitcoin's Ordinals protocol.
The Bitcoin-based system provides a comprehensive and robust method of embedding artwork and media onto the Bitcoin blockchain, presenting an alternative framework for non-fungible tokens (NFTs) in contrast to Ethereum's existing architecture.
This implies that as long as the Bitcoin network is operational, the non-fungible tokens (NFTs) will remain accessible.
One individual who seized the chance to highlight this was the well-known Bitcoin enthusiast, Will Clemente, who conveyed to Elon Musk on platform X that he had effectively presented a compelling argument in favor of Bitcoin ordinals.
#BTC🔥🔥 #BTC #DOGEProjections

In an exciting development for the Japanese crypto community, SBI VC Trade, the crypto exchange division of the SBI Group, has announced a special campaign to celebrate Kabosu-chan’s birthday, the beloved internet personality who inspired the popular Shiba Inu and Dogecoin cryptocurrencies.
The campaign aims to engage crypto enthusiasts and provide them with an opportunity to win Shiba Inu (SHIB) tokens.
Kabosu-chan, an adorable Shiba Inu dog, captured the hearts of millions around the world, leading to the creation of the Shiba Inu token and even contributing to the rise of Dogecoin (DOGE).
The campaign, which was announced through a statement on the X platform and the official SBI VC Trade blog, invites Japanese crypto enthusiasts to participate and earn cryptocurrencies inspired by Kabosu-chan. The company has provided specific details about the promotion, ensuring that participants are well-informed.
Shiba Inu (SHIB) and Dogecoin (DOGE) Campaign
According to the announcement, SBI VC Trade users can actively engage in Shiba Inu and Dogecoin transactions while also taking part in a coin lending initiative. This multi-faceted campaign offers participants several avenues to explore within the crypto space.
To make the campaign even more enticing, participants have the opportunity to earn rewards for purchasing SHIB and DOGE during the campaign period. The eligibility criteria for these rewards are as follows:
Individuals who enter into a contract to purchase SHIB with a value of 50,000 yen or more during the campaign period.Individuals who do the same for DOGE.
Participants meeting these requirements will receive rewards proportional to their purchases. For SHIB transactions, qualifying customers will receive an amount equivalent to 1% of their Shiba Inu purchase contract price in SHIB tokens. The same 1% commission applies to Dogecoin transactions, ensuring fairness and consistency.
In addition to the rewards, SBI VC Trade has a surprise for customers who open a new account as part of the campaign. These individuals will receive a special gift of “Kabosu fruit juice,” a delightful gesture that adds to the celebratory atmosphere of the campaign.
The campaign, running from November 2nd to December 1st, 2023, presents a limited-time opportunity for Japanese crypto enthusiasts to celebrate Kabosu-chan’s birthday while potentially earning exciting rewards in the form of SHIB and DOGE tokens.
The campaign not only commemorates the iconic Kabosu-chan but also highlights the significance of cryptocurrencies in our digital age.
Make sure to mark your calendars and take part in this special campaign brought to you by SBI VC Trade. Join the festivities surrounding the influential Kabosu-chan and her impact on the crypto world.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBCommunity #DOGEProjections $SHIB $DOGE

The prices of all risk assets are experiencing significant increases. It is vital for me to consistently have in mind that #elonMusk is the proprietor of X, and the potential drawbacks associated with the well popularized commoditized canine are quite restricted. It is anticipated that $DOGE will exhibit renewed activity in the near future.

At the moment of composing this text, the trading value of DOGE is at $0.0681.
Subsequently, the trader asserts that Pepe (PEPE), a memecoin of similar nature, is potentially establishing conditions conducive to an upward trajectory. However, caution is advised as it may experience a preliminary descent before any such movement occurs. Additionally, the author observes that it is improbable for PEPE to relinquish a significant portion of its acquired profits in the near future.
Incorporating futures exposure to the PEPE position. It is possible to further delve into the topic at hand, but, I do not believe it is appropriate to discuss the Burj Khalifa at this stage. It is anticipated that an increased sense of FOMO (fear of missing out) will be deliberately cultivated as the leaders continue to exert influence.
#crypto2023 #DOGEProjections
The Burj Khalifa is a bearish pattern characterized by a significant decline in value of a cryptocurrency asset following a rapid and substantial increase, resembling the architectural design of the tallest skyscraper globally.
At the time of writing, the market value of Pepe stands at $0.00000108.

The current price of Dogecoin is undergoing its fourth endeavor to surpass the significant resistance level of $0.0786, with a specific target of $0.0850 in sight.
The potential for a 10% gain in DOGE's value is supported by optimistic on-chain indicators and heightened engagement from the public, particularly for this prominent meme-based cryptocurrency.
The bullish perspective will be invalidated when there is a definitive candlestick closure below the support level of $0.0675.
The price of Dogecoin (DOGE) exhibits resilience despite encountering repeated rejections from a significant supply barrier. The $0.0850 level continues to attract interest as it represents an appealing objective for the leading cryptocurrency in terms of trading volume.
Additionally, it is worth noting that the price of Dogecoin is exhibiting a pattern of consolidation, suggesting a potential upward movement of around 10%. This projection is supported by optimistic on-chain data, further reinforcing the positive sentiment surrounding the cryptocurrency.
The price of Dogecoin is anticipated to reach $0.0850 and is expected to achieve this target using whatever measures deemed necessary.
The price of Dogecoin (DOGE) has had a 7% increase subsequent to the breach of its fall at the $0.0722 support level during the three-day slump that occurred between November 12 and 14. The subsequent occurrence followed a denial from the median point of the supply zone, valued at $0.0786, which serves as a significant obstacle impeding the growth of DOGE.
Given the prevailing dominance of DOGE bulls, it is plausible that the price of Dogecoin may surmount the aforementioned obstacle, as seen by the increasing momentum indicated by the upward trajectory of the Relative Strength Index. The positive area of the Awesome Oscillator (AO) further strengthens the argument for an upward trend.
In order to establish a verified upward trend, it is necessary for the price of Dogecoin to surpass and successfully close above the resistance level of $0.0786. This achievement would result in a transformation of the supply zone, which ranges from $0.0767 to $0.0803, into a bullish breaker positioned above the resistance level of $0.0815. Not only would this facilitate the achievement of the $0.0850 objective, but it would also create opportunities for the dog-themed coin to venture into greater realms.
The onchain measures of Dogecoin provide empirical evidence to substantiate a positive and optimistic perspective.
The positive forecast is supported by several on-chain measures obtained from the behavior analytics platform Santiment. To start, there has been a notable surge in whale engagement, as seen by the escalating count of DOGE transactions occurring on the blockchain, valued at over $100,000 USD and over $1 million USD. This provides more support for the positive argument.

Providing further support for the optimistic argument, there is an observed upward trend in the number of daily active addresses associated with DOGE. This suggests that an increasing number of unique addresses are participating in transactions using DOGE, showing a higher level of engagement from a wider user base. When there is an increase in the Tether (USDT) stablecoin and a growing amount of active stablecoin deposits, it indicates that new participants are acquiring the asset with newly injected cash, hence influencing the price of Dogecoin.
#DogecoinPrice #DOGEProjections
In the event that the price of Dogecoin encounters another instance of resistance at the $0.0786 level, there is a possibility that the price may decline, perhaps breaching the support level of $0.0722. In a potentially unfavorable scenario, the price may go below the 25- and 50-day Exponential Moving Averages (EMA) at $0.0716 and $0.0685, respectively, leading to a potential challenge of the $0.0675 support level. Alternatively, it might even drop further to the 100-day EMA at $0.0673. This action would indicate a decline of 12%, so negating the prevailing optimistic perspective.