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- Elon Musk just lately posted about Dogecoin on X however the publish didn’t influence DOGE like within the earlier instances.
- Some crypto customers assume the well-known web determine tried to shill DOGE on the improper time.
- DOGE traded for $0.1566 on the time of writing after recovering from a weekend dip that noticed the worth fall to $0.1306.
On Tuesday, Elon Musk, CEO of X, posted about Dogecoin on the foremost social media platform. Nevertheless, 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 depicted himself because the centurion, whereas the Emperor represented the mainstream media having to cowl Dogecoin as a prime 10 crypto.
Previously, such oblique posts by the X proprietor despatched the crypto market right into a frenzy, particularly Dogecoin. Many crypto customers consider Musk used that sample to inject the Worry Of Lacking Out (FOMO) into the market and intentionally affect the items of particular cryptos like DOGE.
In the meantime, Musk’s publish didn’t influence the memecoin’s worth. DOGE continued within the prevailing crypto market development, buying and selling inside a good vary after final weekend’s dip. Practically 18 hours after the publish, DOGE didn’t expertise any volatility.
Though Musk’s latest publish about Dogecoin didn’t influence the crypto market, it attracted vital engagement from the crypto group on X. As of the time of writing, over 6,000 customers commented on the publish, with 17,000 others retweeting. The publish additionally recorded over 150,000 likes.
The excessive stage of engagement with insignificant influence suggests the crypto group could also be cautious of Musk’s sample, or one thing extra superior could possibly be suppressing his typical influence. A crypto consumer partaking with the publish believes Musk picked the improper time to shill Dogecoin.
DOGE traded for $0.1566 on the time of writing after recovering from a weekend dip that noticed the worth fall to $0.1306 final Saturday, in response to information from TradingView.
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