Dogecoin

Elon Musk

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On Tuesday, Dogecoin (DOGE) surged after an SEC filing showed xAI had already raised $134.7 million in a fundraising and might seek $1 billion. However, DOGE experienced a reversal in its surge during the morning hours on Wednesday after Elon Musk stated that his artificial intelligence startup xAI was not involved in any fundraising program.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Elon is raising $1B for <a href="https://t.co/4LgTqncSO1">https://t.co/4LgTqncSO1</a>. A week ago he raised $135m from investors. Bottom line, he wants to compete with OpenAI and Anthropic. 
 — Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1732152577318408552?ref_src=twsrc%5Etfw">December 5, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
DOGE’s value fell from $0.1057 to $0.0946, down about 1.1% in the past hour, undoing some of the gains from a 14% rally over the previous day. However, the coin has <a href="https://coinstats.app/coins/dogecoin/">risen</a> slightly to $0.0977 at press time. 
<figure id="attachment_57113" aria-describedby="caption-attachment-57113" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-57113" src="https://bitcoinworld.co.in/wp-content/uploads/Dogecoin-Price-Chart-5-483x300.png" alt="" width="543" height="337" srcset="https://bitcoinworld.co.in/wp-content/uploads/Dogecoin-Price-Chart-5-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Dogecoin-Price-Chart-5.png 760w" sizes="(max-width: 543px) 100vw, 543px">
 <figcaption id="caption-attachment-57113" class="wp-caption-text">
 Dogecoin Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
On Tuesday, DOGE had jumped 7% following a U.S. Securities and Exchange Commission filing, which revealed that xAI, referred to as X.AI in legal documents, might attempt to raise up to $1 billion and had already raised $134.7 million. 
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Historically, DOGE has seen price increases following Musk’s comments and public posts due to his apparent fascination with the dog-themed meme token.&nbsp; 
In April, Musk hinted at DOGE payments on X, previously known as Twitter, suggesting dogecoin as a potential payment option for Twitter Blue, the site’s subscription service with premium features. 
Musk’s electric car company, Tesla, already <a href="https://bitcoinworld.co.in/would-elon-musk-accept-dogecoin-payments-for-tesla-cybertruck/">accepts</a> DOGE payments for merchandise purchases in the Tesla Store. 
<blockquote>
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</blockquote> 
The post <a href="https://bitcoinworld.co.in/the-price-of-dogecoin-drops-after-elon-musk-denies-xai-fundraising/">The Price Of Dogecoin Drops After Elon Musk Denies xAI Fundraising</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

The Price Of Dogecoin Drops After Elon Musk Denies xAI Fundraising

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