🌕Why You Should Not Sell Your #Dogecoin Below $1: The Dogecoin Market Is Stalling at $0.2?
🌕The Dogecoin price has struggled to break clear of $0.2 due to bear resistance. Investment panic and selling $DOGE at a high price point has caused a halt around this price point. Should you sell Dogecoin at this point?
🌕Dogecoin May Rise With Musk's Support
🌕The Dogecoin price has recovered in the previous month, although it is still below forecasts. Several conditions drive DOGE price increases, but none have yet occurred, giving grounds for conjecture that the meme currency has yet to enter its bull market.
🌕The Dogecoin price surge is mostly due to billionaire Elon Musk. Musk has been quiet regarding DOGE support recently, and the excitement that accompanies has failed to resurface.
🌕As in 2021, the SpaceX and Tesla CEO is likely waiting before expressing support. When Musk tweets about Dogecoin again, community members anticipate its price to soar.
🌕Musk may also incorporate DOGE payments into X (previously Twitter), which he purchased a year ago. The billionaire has expressed his desire to create a social media network that accepts DOGE payments to recompense authors.
🌕Musk's aim includes giving artists a percentage of X's ad income. Since Musk is committed to this idea, the Dogecoin community is waiting for him to accept #DOGE payments on the platform and use DOGE to pay for ads.
🌕Investors are interested in ecosystem developments beyond Elon Musk's Dogecoin payments on X. The Dogecoin Runestone airdrop follows the Bitcoin Runestone airdrop, which has proven successful. The Dogecoin airdrop has been successful, with 30,272 Runestone airdrops. Trading volumes have increased to around 100,000 DOGE.
🌕Dogecoin hasn't seen good metrics. First, Coinmarketcap reports a 23% reduction in meme currency trading volumes in the last day. From above $0.2 to bulls failing to maintain support above $0.195, price fell.
