August 5, 2021

Elon Musk Turns to Memes to Boost $Doge Price, Fails Miserably

2 min read

Elon Musk’s hang on Dogecoin price appears to be fading away as his current tweets have actually stopped working to cause any substantial price motion for the meme currency. Earlier today Musk tweeted a popular meme design template with a Dogecoin twist suggesting a rate pump for the meme currency. Source: Twitter Contrary to what meme signified, the price of Dogecoin didn’t see any considerable growth and stayed in the very same cost range of$0.244 prior to and after Musk’s Tweet. Previously, Musk

‘s tweet had a considerable influence on Dogecoin’s price, seeing double-digit swings on many celebrations, however the impact is slowly however certainly on the decline.< figure id="attachment_87397"aria-describedby=" caption-attachment-87397 "style="width: 1783px"class="wp-caption aligncenter">< img class=" size-full wp-image-87397" src ="https://cdn.coingape.com/wp-content/uploads/2021/07/02202552/xLK3SWvw.png"alt=""width=" 1783" height="806"/ > Source: TradingView Elon Musk is notorious for moving the crypto market through his tweets particularly his preferred meme currency dogecoin. Musk has been implicated of market adjustment and putting countless amateur investors at danger of losing significant investments. Nevertheless, the

outrage appears to be his last concern as he continues to shill the meme currency through his Twitter account. Is Elon Effect Vanishing From the Crypto Market? Musk’s tweets on the crypto market were so popular that many amateur traders began making crypto purchases after every tweet of his and made considerable revenues. Musk has actually also been associated for crashing Bitcoin price on a couple of occasions particularly after Tesla’s Bitcoin snub in May. The whole crypto market saw its

worst sell-off this year. Launch the Doge! pic.twitter.com/9bXCWQLIhu– Elon Musk(@elonmusk)July 1, 2021 Even the other day Musk has made a couple of tweets about Dogecoin however stopped working to see any cost climb quite similar to today. Numerous think Musk is losing his market-moving powers through his

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