Elon Musk’s Sharing Became an Event: Dogecoin Drops!

dogecoin (DOGE) price has started to be sensitive to news from Elon Musk. The last survey launched by Musk on Twitter triggered a decrease in price. Here are the details.

The Dogecoin price tumbled Monday after billionaire Elon Musk asked Twitter users whether he should step down as Twitter’s chairman.

DOGE is down 2.2% in the last 24 hours. By comparison, Bitcoin’s price has dropped by only 0.6% over the same time period.

Popular meme coinremains extremely sensitive to Elon Musk’s tweets and comments. As a matter of fact, although it has not reacted to positive news for a while, negative news continues to affect rapidly.

Known for its proximity to Dogecoin Elon Muskfrequently voices his support for the meme coin. Defining himself as DOGE FATHER, Musk is also known to have DOGE.

After underperforming nearly all of 2022, Dogecoin rallied following Musk’s acquisition of Twitter. However, the social media platform’s cancellation of its plan to integrate it into crypto wallets triggered a drop in price.

As we have reported as Koinfinans.com, Elon Musk’s Twitter adventure has been quite active. The decisions he made, the projects he canceled and the tension between him and the employees were frequently on the agenda. Musk, on the other hand, stated that he would resign if users wanted, and took a rest. While the yes vote is dominant in the polls, it is unclear what the result will be.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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