🔥🔥Elon Musk failed to move DOGE this time 🔥🔥
Elon Musk's post about Dogecoin after a long time did not have the expected impact on the price of DOGE as in the past. The ineffectiveness of Musk's post caused some cryptocurrency investors to express the opinion that this post was made at the wrong time.
DOGE has lost up to 35% in value in the last week. The cryptocurrency, which fell to $0.13 at the end of the week, found support at $0.15 after selling pressure eased. DOGE, which moved in a narrow band between $0.15 and $0.16 during the hours Musk's post was made, did not show a significant change in the following hours and is currently showing a weak appearance at $0, fifteen.
Another notable development in the Dogecoin market was the transfer of 300 million DOGE to a whale account. This acquisition coincided with Bitmain's announcement that it would increase support for DOGE mining. Bitmain also announced plans to launch Antminer L9 next month, designed to increase efficiency in mining Dogecoin and Litecoin (LTC). While this move by Bitmain and the subsequent acceleration in whale activity is being interpreted as a positive sign for DOGE, some analysts believe that the cryptocurrency may recover quickly after the overall market selling pressure wears off.
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