Bermuda Triangle: DOGE, CZ, Elon Musk

Elon Musk‘s crypto approach, Dogecoin ( DOGE) and Binance CEO CZin the triangle What awaits the crypto industry?

crypto industry continues to have active days in 2023. The markets, which had a great collapse with the bankruptcy of FTX in November 2022, continue to revive from the first month of the new year. Despite the negative news flows, it is noteworthy that the sensational news about the sector instills hope. Twitter put on the platform dogecoinimage, Elon Musk‘s crypto shares and Binanceboss CZ The dark clouds over the world began to give signals for the future of the market. So what are these signals?

DOGE, CZ, Elon Musk: What’s Happening Soon?

crypto industry year 2023, Dogecoin ( DOGE), Elon Musk and Changpeng Zhao ( CZ ) is particularly active. The effects of these three factors directly affect the crypto industry. So what can happen in the crypto industry in the future?

According to a previous report, crypto investors are starting to be less affected by the bad news. On the other hand, “Crypto winter”after a market downturn, called crypto investors’ eyes turned to the positive news.

However, news feeds generally bring adverse weather conditions. to Binance CFTClawsuit filed by Binance boss CZof FUDgrappling with and Elon Musk In particular, the developing crypto flow is intertwined. Considering these news feeds, Curious about the future of the crypto industry.

1- Deepening of Binance Litigation and CZ

Binancelawsuits against and CFTCof BinanceThe dominance he has established has the potential to become more detailed in the future. CFTCof Among the 74-page Binance claims, HamasAnd stairs six communication topics are also covered. Although it will take a long time for these allegations to be resolved and the case to be clarified, It is possible to observe the effects in a short time.

Binance boss CZ continues to share “4” despite every news feed and every regulatory pressure. This will require CZ to be more vigilant and to work hard to close any gaps. However, the uncertainty in the crypto industry and the unregulated crypto could easily bounce off Binance in the event of a possible FTX. walking on a thin rope Binance For that, it may be enough for the crypto industry to be rocked by an adverse effect. This situation, It is among the possibilities that the litigation matters will deepen even more, as it will give leverage to the US regulators.

per day 25-30 billion dollarsreturning a volume between Binance stands out as the largest crypto exchange. This is one of the biggest reasons why the US is more willing to regulate. Any action against Binance could negatively impact the crypto industry. Sanctions or bankruptcies on Binance will affect all crypto exchanges with a domino effect. Because Binance has a 54 percent dominance among crypto exchanges. Binance, stock markets It can be called Bitcoin.

It will influence the crypto market for almost more than a year. “Binance downsides”It may reflect strong declines on the Bitcoin side as well.

However Binance If the company can avoid all these regulatory pressures and negative news flows, it will not have a positive effect on the markets. This situation is just it can clear the pessimistic clouds of the market.

One of the most important and guiding events of 2023, Binancebetween US regulators and shown as bilateral relations.

2- The Bull Market That Can Be Started By Dogecoin (DOGE)

crypto industrythe most popular memecoinDogecoin ( DOGE), able to find direction with social activities and discourses stands out as a cryptocurrency.

Elon Muskposted on April 2, 2019 DOGE With his tweet, he was one of the factors that started the bull run on the popular memecoin. This situation led to the rise of the crypto industry. shiba inu, floki, Baby DogeCryptocurrencies such as Dogecoin emerged with the frenzy initiated by Dogecoin.

Today, the crypto industry, with a appetite for positive news, DOGEIt is focused on the news coming through. Elon Muskowned by twitter, dogecoin He started using the dog, which is the image of , on his platform. This situation, DOGEfor 30 percent It brought about a rise. However DOGE , has yet to succeed in dragging the crypto market after it. This event, which comes within the negative news pattern, puts the crypto market in pessimism.

Twitter and DOGE When the relationship is taken into consideration, the legal dimensions of this visual use are also on the table. Twitter marketing any cryptocurrency, May further intensify pressure from US regulators . In the future period, CFTCAnd SECby twitter An investigation is likely to be initiated. The DOGE lawsuit for Elon Musk is currently ongoing. A group of investors sued Elon Musk for manipulating DOGE. This case is still ongoing.

The ongoing lawsuits and Twitter’s crypto affinity have certainly caught the attention of US regulators. Any Twitter move from regulators could affect the crypto market and this effect may pave the way for declines to come.

With Twitter’s DOGE move, 30 percent on the DOGE side There was a huge rise and millions of dollars of short positions were liquidated. What can be perceived as manipulation and illegal marketing could lead to a strong pullback of the crypto industry and Bitcoin. However, Twitter takes into account all legal processes. If DOGE has made its move and it will continue, it is a signal of a new crypto bull.

Social media giant used by hundreds of millions of people twitter, a possible DOGE With its integration, it can be the lifeblood of the crypto industry. In the past years, Amazon news and data that Tesla bought Bitcoin were the factors that fueled the crypto bull. In the future, Twitter will be integrated with cryptocurrencies, DOGEIn particular, it can open the curtain to a strong crypto market.

Twitter and DOGEConsidering the relationship between the platform and cryptocurrencies, regulatory investigations or integrations between the platform and cryptocurrencies welcome us in the upcoming processes. Or this relationship is just a joke…

3- Elon Musk and Cryptocurrencies

Elon Musk, owner of Twitter and Tesla, cryptocurrencies and Dogecoin ( DOGE ) is known for his warm approach. Before the bull market Musk, “DOGE to the moon” He gained popularity all over the world. Often in all DOGE Musk, who made statements about the crypto money market and showed his support for the crypto money market, had taken a very quiet stance in recent months. As the biggest reason for this, A DOGE lawsuit filed against him is shown.

However Musk, last day twitterAnd DOGE He managed to attract all the attention with his statements about his relationship. One of Musk’s posts included a statement, “As I promised.” The fact that Twitter put the symbol of Dogecoin on the platform image stands out as a completely planned move.

This move, taken by Musk and made by Twitter, started to lead the crypto industry to a new bull run. Many crypto investors are considering the bull market of the new era. MuskAnd DOGEHe thinks it will start.

Giving hope to the crypto money market with DOGE, Musk may continue with such Twitter shares and new moves in the future. If the billionaire who broke his silence shows that he is pro-crypto in accordance with legal processes, the possibility of a bullish scenario in the crypto money market is on the table. However, the problems of US regulators and Binance are serious enough to affect Musk’s positive moves.

If Musk starts sending DOGE in other companies such as Tesla, it is possible to see a rising wave in a short time. The billionaire is being followed with interest in the upcoming periods, especially about the posts he will make about DOGE. The billionaire, who was interested in artificial intelligence for a while, signed to stop the development of artificial intelligence. This could turn it back into the cryptocurrency markets.

While the crypto industry is alone under the pressure of all legal regulations and US regulators, Musk, one of the richest in the world, is viewed positively. Musk, like a savior, can contribute to the progress of the crypto industry. On the other hand, the intensification of legal processes and the suppression of Musk has the potential to shelve all possible good scenarios.

“Bermuda Triangle of evil” These three factors are called parallels with each other. Bad news from Binance can exploit the good news from DOGE. Elon Musk’s steps may be incomplete after any regulatory lawsuit against DOGE. Or, with all three of these factors working positively, the bull could hit crypto. All these processes and the accompanying results are eagerly awaited.