- Elon Musk just lately posted on X about Dogecoin, however this publish didn’t have an effect on DOGE prefer it used to.
- Some crypto customers imagine that the well-known web determine could have tried to place cash into DOGE on the improper time.
- DOGE has recovered from its weekend drop to $0.1306 and was buying and selling at $0.1566 on the time of writing.
On Tuesday, Firm X CEO Elon Musk posted about Dogecoin on main social media platforms. Nevertheless, this publish didn’t have the identical affect as related posts previously.
This time, Musk shared a nonetheless picture of a Roman emperor and a centurion, however each figures had totally different facial expressions. He portrayed himself as a centurion, whereas the emperor represented the mainstream media that needed to report on Dogecoin as a high 10 cryptocurrency.
Previously, such oblique posts by X house owners despatched the cryptocurrency market, particularly Dogecoin, right into a frenzy. Many crypto customers imagine that Musk used that sample to inject worry of loss (FOMO) into the market and deliberately influenced sure cryptocurrencies like DOGE.
In the meantime, Musk's publish had no impact on the meme coin's value. DOGE continued the overall crypto market development, buying and selling inside a slim vary after final weekend's sharp decline. Nearly 18 hours after posting, DOGE didn’t expertise any fluctuations.
Though Musk's latest publish about Dogecoin didn’t have an effect on the crypto market, it did garner loads of curiosity from the crypto group relating to X. On the time of his writing, over 6,000 customers had commented on the publish, and 17,000 others had retweeted it. The publish obtained over 150,000 likes.
The excessive degree of engagement regardless of low affect means that the crypto group could also be cautious of Musk's sample, or that one thing higher is suppressing Musk's ordinary affect. This means the chance thatcryptocurrency consumer enticing The publish believes that Musk selected the improper time to pay out Dogecoin.
In keeping with TradingView information, DOGE has rebounded from a weekend decline that noticed its value drop to $0.1306 final Saturday and was buying and selling at $0.1566 on the time of writing.
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