DOGE's Market Fall Continues Despite Elon Musk's Twitter Offer

Dogecoin is in the crypto world as one of the important coins in the market. However, according to recent cases, DOGE’s market fall in the crypto world is progressing by lowering investors’ expectations.

• – Dogecoin (DOGE) price rally closed the week at a good rate, with Tesla’s CEO Elon Musk making a bid to buy Twitter. It was observed that a fascinating result was obtained with this rate being 8%.
• – Dogecoin, which reached $0.149 after the rise, experienced a dollar decline on April 17. With this decrease to 0.142, there was a downward decline.

How Is The Situation In The Market Progressing As a Result Of The Effects Of DOGECOIN?

With these moves, Elon Musk plays an effective role in Dogecoin’s price transitions. It is also seen that it has a great effect, especially against temporary price trends.

• – The news of Elon Musk’s 9.2% share purchase on April 4, one of the most important news in the market, greatly increased the price of DOGE. Especially capturing a 20% price ratio has had a great impact on DOGE to reach an important level.
• – One day after these events took place, DOGE maintained its important position in the market by providing an exit to $0.174.
• – Adjustments were made in the market due to the temporary profits of the investments. However, as the rumors about Elon Musk’s statements and goals spread, the effects of this issue continue. Most importantly, after Elon Musk wanted to buy Twitter completely with a budget of 43 billion dollars, DOGE is on the move to experience a price recovery again.

The number of people following and interested in this situation in the market is increasing day by day. Especially with the statements of Elon Musk and his stated intention, the focus on Twitter is moving on DOGE. With the increasing influence on Twitter, DOGE is making progress towards becoming one of the most well-known currencies on the internet.

• -Vladimir Tenev, CEO of Robinhood, expressed his views on this subject. According to Vladimir Tenev, Dogecoin will be one of the important currencies of the internet. With the movements of Elon Musk, Dogecoin seems to continue to increase in value.
• -In addition, according to the latest situations, Elon Musk is also making plans for the Twitter Blue service of the Twitter board. Considering Doge as a payment option, especially for the Twitter Blue monthly subscription service, further magnifies the impact on Doge.