#ElonMuskDOGEDeparture
Elon Musk’s influence on Dogecoin (DOGE) has been massive, with his tweets often sparking price surges. Recently, DOGE dropped 8.62% to $0.2628, despite Musk’s “Dogefather” support, due to market volatility and tariff concerns. Speculative trading and liquidity issues amplify DOGE’s swings, making it a high-risk asset. While Musk’s endorsements keep DOGE relevant, its meme coin nature ties it to sentiment, not fundamentals. Investors should brace for volatility and avoid chasing pumps without research.
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Musk’s influence may wane, so trade DOGE cautiously and diversify your portfolio.