#TrumpVsMusk The conflict between Donald Trump and Elon Musk has a significant impact on the crypto market, especially on Dogecoin (DOGE). Here are some key points $DOGE $DOGE :
- *Dogecoin Experiences a Decline*: DOGE dropped about 9% after the Trump-Musk conflict, although it had previously experienced a significant increase due to Musk's support.
- *Meme Coin Emergence*: This conflict triggered the emergence of new meme coins like "Kill the Bill", which is related to Musk's rejection of Trump's tax bill.
- *Cryptocurrency Market Volatility*: This event caused significant volatility in the crypto market, with some digital assets experiencing massive price fluctuations.
- *Tesla Stock Down*: Tesla shares, owned by Musk, plummeted by up to 15% after the conflict with Trump.
- *Trump's Support for Crypto*: Trump had previously shown support for the crypto industry, which could positively impact the prices of digital assets like Dogecoin.
In the long term, investors need to pay attention to several factors ²:
- *Wider Adoption*: If Dogecoin is used as a payment method on more platforms, the value of this asset could increase.
- *Support from Influential Figures*: Support from Musk and Trump could drive the price of Dogecoin up.
- *Volatility Risks*: The crypto market is very vulnerable to massive price changes, so investors need to be cautious.