Dogecoin community reacts to Elon Musk's unexpected DOGE tweet
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In the past month, Musk and Tesla won the dismissal of a lawsuit claiming they pumped up the price of the cryptocurrency Dogecoin into a $258 billion"pyramid scheme."remains down in the last 24 hours, according to CoinMarketCap data. Cryptocurrencies continued to plummet on Saturday, extending Friday's downturn that took Bitcoin to its lowest point in a month.Bitcoin had briefly recovered after a weaker-than-expected nonfarm payrolls report before returning to the downside.
Dogecoin, with its Shiba Inu image, was the first meme coin, a sort of cryptocurrency derived from internet memes or jokes, and hit an all-time high of $0.737 in May 2021, after which it plunged by around 87%.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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