Dogecoin Price Losing the Grip as Elon Musk May Not Remain Twitter CEO for Long!
The Dogecoin price has been trading below the crucial 200-day MA since the beginning of the yearly trade. Meanwhile, the buying volume has fallen heavily. Also Today Elon Musk expressed his willingness to step down as Twitter CEO. He conducted a poll on twitter platform.
The Dogecoin price seems incredibly bearish and if Elon Musk quits as the Twitter CEO, the token may be badly impacted. Earlier Coinpedia made dogecoin price prediction for the end of 2023, as $0.158. But with current news it wants us to rethink and ask is doge coin dead?
It is difficult for me to predict the situation around the Doge coin, since strange things have already happened to it several times, I mean a sharp increase in the price. Also, now we cannot know what is happening and whether there is an impact on the price of Doge coin. But still, I see that the fall in the price of Doge coin and trading volumes is a general market trend, which, unfortunately, is not very good. Perhaps in the future the situation on the market will improve and this will affect the price increase for Doge coin.