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Pseudonymous cryptocurrency analyst Kaleo suggested that Dogecoin DOGE/USD has more room to grow.

What Happened: Kaleo in a tweet on X said, "Just a reminder anon $DOGE has plenty more left in the tank."

At the time of reporting, Dogecoins trading price stands at $0.19, bringing its market capitalization to $25.9 billion, a 100% climb over the past week.

The chart shared by Kaleo shows that Dogecoin has more potential than its current value, predicting that it will reach as high as $0.67. Loading… Loading…

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

Why It Matters: Last week, Kaleo expressed a steady confidence in the meme coin. The analyst tweeted, Slowly but surely the dog will continue to run.

This comes as Dogecoin has seen a spike in public interest, surpassing its rival Shiba Inu SHIB/USD in Google Trend searches.

Data from Google Trends shows that interest in Dogecoin soared, hitting a score of 76, while interest in Shiba Inu lagged at a score of 30.

Another pseudonymous crypto analyst Altcoin Sherpa, also shared an optimistic stance on Dogecoin, suggesting a strategy for potential investors. Its not a very creative or fast trade but $doge is eventually going to do crazy #s this cycle. It wont outperform other memes given MC but you probably make 4x your money if you buy and sell on the giga pump. Buy now and go into a coma and sell when this moons.

The rise in Dogecoin's price comes with an all-time high in futures open interest, reaching $1.4 billion.

Price Action: At the time of writing, DOGE was trading at $0.18, up 10.03% in the last 24 hours, according to Benzinga Pro.

Read Next: Heres How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?Loading… Loading…

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Politics

Trader turns $3K into $46M in PEPE, Ethereum gas overhaul, Tornado dev guilty: Hodler’s Digest, May 12-18

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Trader turns K into M in PEPE, Ethereum gas overhaul, Tornado  dev guilty: Hodler’s Digest, May 12-18

Trader makes millions after PEPE price soars, a new gas model for Ethereum, and Tornado Cash developer convicted.

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Politics

Microsoft faces multi-billion dollar fine in EU over Bing AI

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Microsoft faces multi-billion dollar fine in EU over Bing AI

The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27.

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Environment

Caterpillar is putting MASSIVE 240-ton electric haul truck to work in Vale mine

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Caterpillar is putting MASSIVE 240-ton electric haul truck to work in Vale mine

Mining company Vale is turning to Caterpillar to provide this massive, 240-ton battery-electric haul truck in a bid to slash carbon emissions at its mines by 2030.

Caterpillar and Vale have signed an agreement that will see the Brazilian mining company test severe-duty battery electric mining trucks like the 793 BEV (above), as well as V2G/V2x energy transfer systems and alcohol-powered trucks. The test will help Vale make better equipment choices as it works to achieve its goals of reducing direct and indirect carbon emissions 33% by 2030 and eliminating 100% of its net emissions by 2050.

If that sounds weird, consider that most cars and trucks in Brazil run on either pure ethyl alcohol/ethanol (E100) or “gasohol” (E25).

“We are developing a portfolio of options to decarbonize Vale’s operations, including electrification and the use of alternative fuels in the mines. The most viable solutions will be adopted,” explains Ludmila Nascimento, energy and decarbonization director Vale. “We believe that ethanol has great potential to contribute to the 2030 target because it is a fuel that has already been adopted on a large scale in Brazil, with an established supply network, and which requires an active partnership with manufacturers. We stand together to support them in this goal.”

Vale will test a 240-ton Cat 793 battery-electric haul truck at its operations in Minas Gerais, and put energy transfer solutions to a similar tests at Vale’s operations in Pará over the next two-three years. Caterpillar and Vale have also agreed to a joint study on the viability of a dual-fuel (ethanol/diesel) solution for existing ICE-powered assets.

Vale claims to be the world’s largest producer of iron ore and nickel, and says it’s committed to an investment of between $4 billion to $6 billion to meet its 2030 goal.

Cat 793 electric haul truck

During its debut in 2022, the Cat 793 haul truck was shown on a 4.3-mile test course at the company’s Tucson proving grounds. There, the 240-ton truck was able to achieve a top speed of over 37 mph (60 km/h) fully loaded. Further tests involved the loaded truck climbing a 10% grade for a full kilometer miles at 7.5 mph before unloading and turning around for the descent, using regenerative braking to put energy back into the battery on the way down.

Despite not giving out detailed specs, Caterpillar reps reported that the 793 still had enough charge in its batteries for to complete more testing cycles.

Electrek’s Take

Caterpillar-electric-mining-truck
Cat 793 EV at 2022 launch; via Caterpillar.

Electric equipment and mining to together like peanut butter and jelly. In confined spaces, the carbon emissions and ear-splitting noise of conventional mining equipment can create dangerous circumstances for miners and operators, and that can lead to injury or long-term disability that’s just going to exacerbate a mining operation’s ability to keep people working and minerals coming out of the ground.

By working with companies like Vale to prove that forward-looking electric equipment can do the job as well as well as (if not better than) their internal combustion counterparts, Caterpillar will go a long way towards converting the ICE faithful.

SOURCES | IMAGES: Caterpillar, Construction Equipment, and E&MJ.

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