CandleFocus Elon Musk lost his power? Posts about DOGE, nothing happens
2024-09-07
Author: Content Editor
Elon Musk's influence on Dogecoin's price seems to be waning as the cryptocurrency remains neutral after his recent post about Dogecoin. Musk's previous tweets and mentions of Dogecoin on Twitter had a significant impact on its price during the 2020-2021 cycle. However, this may be changing as Dogecoin fails to react to Musk's recent AI-generated picture. Despite a recovery in the overall market, Dogecoin is lagging behind other cryptocurrencies in terms of gains. Additionally, a price manipulation lawsuit against Musk and Tesla by Dogecoin investors was recently dismissed by a judge who stated that Musk's statements should not be taken seriously. This could signal a more mature market that is not solely influenced by prominent figures.
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