The post How the Dogecoin-Neuralink Partnership Could Reshape the Future of Innovation appeared first on Coinpedia Fintech News
Many industry leaders have responded excitedly to the latest post of Elon Musk revealing the advancement made by Neuralink’s Blindsight project. Among those who have taken to social media to convey their excitement are cryptocurrency leaders like Dogecoin co-creator Billy Markus. This is not the first time that the Dogecoin leadership has expressed his support openly for an innovative idea of Elon Musk. The latest post by the Dogecoin leader appreciating Musk’s project success has triggered speculations regarding the business relation between Dogecoin and the Neuralink founder. Let’s dive deeper to know more!
Musk’s Blindsight: What You Should Know
Recently, in an X post, Musk claimed that Neuralink’s new device, Blindsight, can help blind people regain their eyesight if their visual cortices are not damaged. It is a breakthrough primarily because it can help restore eyesight even if a person’s eyes and optic nerves are damaged. Notably, it is something that gives high hopes to those who are blind from birth. In the post, Musk also explained its limitations. As per the post, the device can only provide low-resolution visuals at this stage. There are enough hints in the post that, in the long run, the performance of the device will be enhanced to provide high quality visuals.
Dogecoin-Neuralink: Markus-Musk Business Relation
Markus is a strong supporter of Musk’s innovations. He has openly supported Musk several times. Interestingly, it was when Musk expressed his support for Dogecoin in 2021 that the business relation between Musk and Dogecoin came under discussion for the first time. Several theories emerged. Some even suspected the motive behind Musk’s endorsement of Dogecoin. However, Dogecoin benefited greatly from the endorsement, as the price of that crypto witnessed a sharp surge soon after the endorsement. There is no doubt that the business relation between Markus-Musk has benefitted the Dogecoin market tremendously. Dogecoin enthusiasts are closely watching this. So, any new development related to this has the potential to impact the price of Dogecoin.
Dogecoin Price Analysis: A General Overview
At the start of the year, the Dogecoin price was $0.09196. On February 23, it met a strong upward momentum. This took the price of Dogecoin to a peak of $0.18202. Later, the market entered a period of extreme volatility, when the price oscillated between $0.22008 and $0.12886. Since May 24, the momentum has weakened, although buyers attempted to push the price up between July 12 and 21, sellers stepped in and dragged the price strongly towards a low of $0.09428. On September 6, sellers pulled the price even lower to a level of $0.09262. In the last seven days, DOGE has registered a dip of at least 0.85%. At least 1.5% drop has been recorded in the last 24 hours alone. At present, the DOGE price is around $0.10009.
In conclusion, it is interesting to watch how the Dogecoin leader and Neuralink leader have supported each other in their business endeavors.
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