Dogecoin Tanks After Gaining Momentum, Will It Mark New Gains?

Elon Musk the CEO of Tesla inc is a strong proponent of Dogecoin the leading meme coin The influence of Musk has created a substantial impact on both DOGE and its community. 

Dogecoin Tanks After Gaining Momentum, Will It Mark New Gains?

The majority of the trending and significant assets strive with the support of some strong proponents. if the proponent is highly reputable globally or a considerable influencer he could trigger the trend of the asset. 

The largest meme coin, Dogecoin broke a surprising record in the market with its daily reclaims DOGE exploded with over an 8% daily increase in value. the sudden move of the meme coin is linked to the latest development in the activities of its strongest vocal proponent. 

Elon Musk bought more than 70 million TWTR shares worth 9.2% of the firm on April 2022, the billionaire moved to ultimately acquire Twitter and convert the social media platform into a private company. 

Furthermore, Twitter agreed to the offer, but Elon musk later changed his mind. he threatened to cancel the deal and cited some issues as his withdrawal reasons. these issues include removing fake accounts and trashing out the problems of scams. 

The live Dogecoin price today is $0.062314 with a 24-hour trading volume of $297,516,534. Dogecoin is down 1.75% in the last 24 hours. The current CoinMarketCap ranking is #10, with a live market cap of $8,267,307,874 USD. It has a circulating supply of 132,670,764,300 DOGE coins.

Doge price statistics price change 24 h is $0.001133 of 1.79% and 24h Low is $0.06157 and 24h High is $0.06348.

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