Altcoin Analysis: Dogecoin (DOGE) Reaction to Elon Musk’s Recent Post

Thursday, 12 September 2024, 06:30

Altcoin analysis indicates that Dogecoin (DOGE) remains unmoved by Elon Musk’s latest cryptic post. The social activity surrounding this meme coin has noticeably declined, leading to a mere 3% increase in trading volume over the past day. This subdued reaction highlights waning market interest in DOGE among investors and traders alike.
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Altcoin Analysis: Dogecoin (DOGE) Reaction to Elon Musk’s Recent Post

Altcoin Analysis of Dogecoin (DOGE)

Elon Musk has made another post referencing Dogecoin (DOGE), but the market reaction has been subdued. Social activity surrounding DOGE has noticeably declined, indicating the post has not triggered much discussion. Over the past 24 hours, DOGE’s trading volume has only increased by 3%, reflecting the *waning interest* in this meme coin.

Minimal Market Reaction

Through a series of posts that reference Dogecoin, Elon Musk continues to fuel speculation that he might join the Donald Trump administration if he wins the November US election. This speculation has failed to spark significant enthusiasm around DOGE, suggesting a shift in market sentiment.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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