Dogecoin (DOGE) stagnancy and Elon Musk effect — here's probable correlation
The silence might not necessarily mean Musk has deserted Dogecoin. Rather, it might mean that the veteran inventor has his mind on a host of other non-crypto-related ventures he is currently overseeing.
As the chief executive officer of Tesla Inc, SpaceX and Neuralink and chairman of the X app, his many engagements might have taken Dogecoin off his mind for now. Additionally, Musk might be more cautious about the crypto ecosystem following the Dogecoin lawsuit he was embroiled in some months back.Dogecoin is more or less a lone digital currency with limited fundamentals and functionalities.
Dogecoin is currently changing hands at a price of $0.06174, with a marginal surge of 0.53% in the past 24 hours. Overall, there has been
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