Elon Musk’s shocking dogcoin announcement sends tremor through the community while the price is falling
The price of Dogecoin, Elon Musk, who left most of the Dogecoin community grieving, received a sharp decline this week after an amazing update. The billionaire, known for its unpredictable influence on digital assets, clarified the distinction between Doga, recently, which seems to have reduced the permanent enthusiasm between the Government Efficiency Department (DOGE) and investors. Not surprisingly, the result was immediately. Dogecoin’s price has experienced a short decline and the price of Dogge It can extend losses below $ 0.17.
Rumors about Government Participation in Musk Dashes Dogecoin
. He came during the update Wisconsin is a town hall organized by Musk America Pac in Green Bay. Responding to speculations that grow around the government department productivity and potential ties with Doge, Musk announced that the agency was completely indifferent, although the breast mine shares the same abbreviation as the sign of the money. According to him, the department focuses on increasing the productivity of the US federal government at least 15%. It will not integrate the operations of Dogecoin or another crypto currency into operations for predictable future.
Comments effectively Close ongoing rumors That the department can increase the adoption of dogecoin through the official service. Speculation concentrated in February when he exhibited his familiar Shiba Inu dog, representing the official website of the Dge Agency Dogcoin. This created an intense excitement in the community of the breast Coin, which led to a brief rise of the price.
Dogecoin is constantly growing as a choice of crypto among the preferred investors. If there were any connections between the breast mine and the dog, it would open the real world use for the coin, and finally the dog push it to the highest level of all time $ 0.73. Musk’s last statement effectively rejected the possibility of it.
Market sensation continues to be sour
Diecoin’s slide Sharp in the last few days. During the writing, the breast mine is traded at $ 0.168 with a decrease of 15.7% in the last seven days and the traders react strongly to the announcement. Discussions in social media show that many investors hoped for a fusion between coin and government initiative, especially in X.
However, Musk’s wider feeling for Dogecoin still seems supportive. Although this last statement disappoints those who foresee the role of a government for the existence, it does not necessarily show the end of his interest in it. In the past, he referred to this as the “crypto currency of people.” However, in the wider crypto market, new usage cases or positive momentum, the cost of the dog is shifting further To test lower support zones $ 0.15 price level.
The prominent picture from UNPASH, graphics from tradingView.com
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