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Dogecoin Price Drops Even After Elon Musk’s Latest Tweet

Cryptocurrency Jul 02, 2021 04:00AM ET
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Dogecoin Price Drops Even After Elon Musk’s Latest Tweet

  • Elon Musk’s tweets fail dismally in increasing DOGE price
  • DOGE/USD price is currently trading at half of its all-time high in May

Even after Tesla (NASDAQ:TSLA) CEO Elon Musk’s latest tweet, Dogecoin has not skyrocketed in price. The cryptocurrency is currently trading at $0.24 at the time of writing. This is half the price of its all-time high of $0.76 on May 8, 2021. It seems Elon Musk’s tweets are no longer that efficient in pumping up the price of Dogecoin.

The prominent figure in the crypto space, Elon Musk posted a tweet captioned ‘Release the Doge’ on his account. The tweet appeared on July 1, 2021, at around 8:43 am UTC. In detail, the tweet has capitalized text that reads ‘YOU COME TO ME AT RUN TIME TO TELL ME THE CODE YOU ARE RUNNING DOES NOT COMPILE’.

Dogecoin Price Drops Even After Elon Musk’s Latest Tweet
 

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Alex Arefyev
Alex Arefyev Jul 02, 2021 5:29AM ET
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