Highlights:
- Kabosu, the popular meme dog and the icon for Dogecoin, has died at the age of 18.
- The crypto world, as well as the meme world, mourn her death.
- However, DOGE shows a bullish trend as it keeps scaling further.
The crypto world is a place where frequent ups and downs are common. At the same time, it also never fails to provide the enthusiasts with food for their thoughts. The present scenario of Dogecoin is the most prominent one. This meme coin has been popular among enthusiasts, and interestingly, it has ruled the hearts of the meme community. This is all due to Kabosu, the famous meme dog who served as the icon of Dogecoin. The much-beloved dog has breathed its last breath, raising concerns about the meme coin’s future.
Kabosu Dead!
Kabosu was the Shiba Inu that inspired the famous “Doge” meme and Dogecoin. But sadly, the popular dog died on May 24, 2024, at the age of 18. Sources reveal that she had leukaemia and liver disease. Her owner, Atsuko Sato, shared the news on her blog. Sato said Kabosu passed away peacefully while being caressed.
kabosu will live on forever in our hearts ❤️ pic.twitter.com/TKKo5qqtVc
— Shibetoshi Nakamoto (@BillyM2k) May 24, 2024
Incidentally, Salo adopted Kabosu as a rescue dog in 2008. In 2010, Sato posted a picture of Kabosu with crossed paws on the sofa. This picture quickly became a viral meme on Reddit. It showed Shiba Inus’s thoughts in broken English. Eventually, the meme became an NFT and sold for $4 million. At the same time, it also inspired Dogecoin, a cryptocurrency now worth $23 billion.
Reaction of The Crypto Community
Following the heartbreak, the crypto community and fans worldwide share tributes and favourite memories of Kabosu. She became an internet legend. The fans assert that Kabosu’s role as the face of Dogecoin (DOGE) will remain a symbol of community spirit and meme culture for future generations.
Dogecoin: Trend Prediction
At present, Dogecoin (DOGE) is trading at $0.172552. This is up by 2.63% in the last 24 hours, hinting at a possible price increase. The pivot point is $0.146564, an important level to watch for market direction. Immediate resistance levels are $0.1708, $0.1746, and $0.1788, potential targets if the price keeps rising.
However, on the downside, immediate support levels are 0.146016, 0.145290 and 0.144032, key levels to watch if the price drops. On the other hand, the Relative Strength Index (RSI) is at 53.03, showing a neutral stance. The 50-day Exponential Moving Average (EMA) is at $0.1634, and the current price is above this level, indicating a short-term bullish trend.
Final Words
The popular meme coin is showing positive signs of growth at present, so it seems the world is slowly overcoming Kabosu’s loss. At the same time, Dogecoin’s present bullish run is a clarion call for enthusiasts to invest more. However, it is better to remember that the crypto market is highly volatile. Therefore, it is always better to check the trading rates before investing.
