Dogecoin Stalls as Elon Musk Continues to Influence Markets
CEO of Tesla and SpaceX Elon Musk continues to move the Dogecoin (DOGE) market with his utterances and tweets. The outgoing billionaire tweeted yesterday that he would not sell any of his DOGE holdings as the market continues to stall.
Musk tweeted this reply to a tweet from YouTuber Dave Lee calling him the “ultimate HODLer.”
Elon Musk has been a vocal proponent of cryptocurrencies and has pushed the prices of many coins, including Bitcoin and Dogecoin, higher over the past year. Earlier this year, the CEO favored Bitcoin above all other cryptos and revealed that Tesla bought $1.5 billion worth of it, sending the benchmark cryptocurrency price flying.
However, Musk seems to have backstepped his support in favor of Dogecoin. Last week, he tweeted that Tesla would no longer receive Bitcoin payments for its...
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