- Elon Musk just lately wrote about Dogecoin on X, however this publish didn’t hit DOGE like in earlier instances.
- Some cryptocurrency customers suppose {that a} well-known web determine tried to get DOGE on the fallacious time.
- DOGE was buying and selling at $0.1566 on the time of writing, after recovering from a weekend hunch that noticed the worth drop to $0.1306.
On Tuesday, Elon Musk, CEO of X, posted about dogecoin on a number one social media platform. Nonetheless, the publish didn’t have the attribute influence of comparable posts up to now.
This time, Musk shared a nonetheless picture of a Roman emperor and a centurion, with each figures having distinct facial expressions. He portrayed himself as a centurion whereas the Emperor represented the mainstream media who needed to cowl Dogecoin as a high 10 cryptocurrency.
Prior to now, such oblique contributions from proprietor X despatched the crypto market right into a frenzy, particularly Dogecoin. Many cryptocurrency customers consider that Musk used this sample to inject concern of lacking out (FOMO) into the market and intentionally affect the shares of particular cryptocurrencies akin to DOGE.
In the meantime, Musk’s publish didn’t have an effect on the worth of memecoin. DOGE continued the prevailing crypto market pattern, buying and selling in a good vary after final weekend’s plunge. Virtually 18 hours after the publish, DOGE has not seen any volatility.
Though Musk’s latest publish about Dogecoin didn’t influence the crypto market, it attracted important engagement from the crypto group on X. On the time of writing, greater than 6,000 customers have commented and 17,000 others have retweeted. The publish additionally obtained over 150,000 likes.
The excessive stage of engagement with the insignificant influence means that the crypto group could also be cautious of Musk’s sample, or one thing higher may very well be suppressing his common influence. Cryptocurrency consumer partaking with the publish, he believes Musk picked the fallacious time to drop Dogecoin.
DOGE was buying and selling at $0.1566 on the time of writing, recovering from a weekend hunch that noticed the worth drop to $0.1306 final Saturday, in accordance with information from TradingView.
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