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Dogecoin has experienced a significant decline in the past few hours, facing a sharp selloff near resistance levels. This drop was triggered by a statement from Elon Musk, the head of the Department of Government Efficiency (DOGE), clarifying that the U.S. government does not intend to adopt the widely-known memecoin, Dogecoin.
Elon Musk has officially dismissed rumors that Dogecoin (DOGE) would be included in the U.S. Department of Government Efficiency (D.O.G.E.). During a speech at the America PAC town hall in Green Bay, Wisconsin, Musk clarified that there are no plans for the government to use Dogecoin or any similar cryptocurrencies.
The crypto market started the week in the red as its recent downtrend continued, thanks to growing investor anxiety ahead of Donald Trump's “Liberation Day” tariffs. As a result, the crypto market cap declined further, dropping almost 2% to $2.65 trillion.
Investors are looking for the finest ways to increase their money as the cryptocurrency market changes before 2025. Of the several options, Solana (SOL) and Dogecoin (DOGE) have become two of the most often talked about cryptocurrencies. Although both assets have become well-known, their underlying technologies, applications, and future possibilities differ substantially.
Dogecoin's price continued its downward trend on Monday as the crypto and stock markets sank. Dogecoin (DOGE), the biggest meme coin in crypto, dropped to a low of $0.1628, its lowest point since March 12.
The crypto markets seem to be in trouble again, this time mainly following the price trends of PI, SUI, and Dogecoin (DOGE). Pi is the native cryptocurrency of Pi Network.
Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE) are down at support, and even lower. Is there a rally in the offing, or can these cryptos sink further?
Elon Musk may be one of Dogecoin's most high-profile proponents, but he has clarified that the United States government has no intention of using DOGE, distancing the OG memecoin from the controversial Department of Government Efficiency (D.O.G.E.) he is currently helming.
Dogecoin slipped 6% in the past 24 hours, underperforming Bitcoin and Ethereum, which declined 2.4% and 3.2%, respectively. This comes amid clarification from Elon Musk that the meme-based digital asset will not be adopted for any US government use.
The cryptocurrency market has always been surprising, with meme coins like Shiba Inu and Dogecoin exploding in 2021. Driven by celebrity sponsorships and excellent community support, DOGE grew by over 3,300%, while SHIB surged by an astonishing 50,000,000%. Early adopters became billionaires that year. But Shiba Inu trades at $0.
The billionaire Elon Musk's favorite cryptocurrency wobbles after a statement that is as brief as it is devastating. In a few words, Musk has reignited doubts about the future of Dogecoin.
Dogecoin is trading around a key demand zone as the entire crypto market battles renewed selling pressure. Among the hardest-hit segments are meme coins, which have seen sharp pullbacks in recent days.
Mutuum Finance (MUTM) has started a craze among crypto investors, with presale Phase 4 in and investors can purchase tokens at $0.025 before the price in the next phase is raised by 20% to $0.03. The project has seen over $5.
An influential investor who excelled at identifying the next breakout crypto is singling out Cardano (ADA), Ripple (XRP) and Mutuum Finance (MUTM) as the next altcoins to surpass Shiba Inu (SHIB) and Dogecoin's (DOGE) massive 2021 runs.
Unsurprisingly, Dogecoin (DOGE), which rode viral momentum after hitting that 2021 peak of having its price of $0.73, is still trading below that mark, leaving a swathe of investors hungry for something else. This is where Mutuum Financea (MUTM) comes in, a decentralized lending protocol hitting center stage as its presale heats up. A $5.
Elon Musk has cleared the air about rumors surrounding Dogecoin's potential inclusion in the U.S. Department of Government Efficiency (DOGE). During a speech at the America Pack Town Hall in Green Bay, Wisconsin, he said, “There are no plans for the government to use dogecoin or anything.
Elon Musk has announced that the US government does not plan to incorporate Dogecoin into its official activities. Speaking at a town hall in Green Bay, Wisconsin, on March 30, Musk responded to rumors about the link between Dogecoin and the Department of Government Efficiency (D.O.G.E.
Elon Musk clarifies there's no connection between the Department of Government Efficiency (D.O.G.E.) and Dogecoin cryptocurrency despite similar names and brief logo appearance on the department's website.
Dogecoin trades at $0.17 amid a technical standoff between bulls and bears, with critical support at $0.16 determining whether it will decline to $0.10 or rally toward $0.30.
DOGE's price has dropped by 20% in the past month.
Dogecoin's price, which surged when the department was announced, fell 3.2% over the past 24 hours at the time of writing.
Dogecoin started a fresh decline from the $0.1880 zone against the US Dollar. DOGE is declining and might test the $0.150 support zone.
Despite similar names and past endorsements, Musk says federal agency D.O.G.E. has nothing to do with the meme coin.
Musk's clarification may temper speculative crypto market reactions, emphasizing a focus on government efficiency over crypto integration. The post Elon Musk says US government has no plans to use Dogecoin appeared first on Crypto Briefing.
