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?
Dogecoin is not dead yet and I doubt that it will die during the next years, for some reason there are many people that still expect that this coin is going to make a massive movement during the next months, in part this was due to Elon being the CEO of Twitter as people were expecting dogecoin to be adopted officially by the social media platform, but if he steps down then we can say goodbye to that upward moment during the next year, but that is not going to kill dogecoin, it will just force dogecoin holders to wait until bitcoin begins to become bullish, which is something which could take a year or a year and a half.