Crypto News: For the first time after Elon Musk took the crypto market by storm by replacing the Twitter logo with Dogecoin, Tesla earnings are set to be released with much anticipation. First-quarter earnings for the automaker are expected to come in lower than last quarter as earnings decline. During the first quarter, the company made several price cuts for its electric car models in the US, Asia and certain European markets. However, the crypto community would be on the lookout for DOGE-related announcements from Musk.
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The crypto community was delighted with Musk’s decision to use the Dogecoin logo instead of the Twitter bird. This move itself was single-handedly responsible for a small price rally in the crypto market in the first week of April 2023. Therefore, such an initiative to include DOGE in the mix for Tesla could again have a significant impact on tokens.
Back to back boost
Meanwhile, the Dogecoin price could take new turns thanks to the double boost in the form of Tesla revenue and the highly anticipated Starship launch on Thursday. Starship is touted as the world’s most powerful launch vehicle ever developed. Traders will be looking for comments on whether Tesla has made any new plans around the sale or purchase of its existing DOGE holdings. While there was no mention of crypto holdings in the last few quarterly results, Musk’s renewed interest in Dogecoin’s Twitter logo gives rise to new hope.
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Anvesh reports major developments around crypto adoption and trading opportunities. He has been associated with the industry since 2016 and is now a strong advocate for decentralized technologies. Anvesh is currently based in India. Contact him at [email protected]
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.
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