Event:
The great businessman and popular public figure Elon Musk recently made public the use of Dogecoin by the United States government.What is the reason behind the dump of the leading memecoin $DOGE?
It would have been a great event, the faith of the Dogecoin community is growing, but no. Elon Musk merely used a publicity stunt for his team to make a gigantic amount of individuals drawn.
This publicity stunt resulted in a massive dump of $DOGE and deep disappointment of the holders of this memecoin.
What are the future predictions of $DOGE?
Despite the bad luck that led to the dumping of $DOGE, the community continues to actively shill this memecoin and even in the midst of such an unpleasant moment, most holders hold onto their coins expecting further developments, that is, a pump.
Detailed analysis:
The specific situation of Elon Musk denying the use of $DOGE in the government had a bearish effect on the price.
But taking into account that this memecoin has already proven itself as a good investment, our specialists can be assume that $DOGE will go through a dump cycle and will keep on evolving very progressively. The creators of this token are always in touch with the audience, make frequent updates and all sorts of collaborations, which cannot but delight the cryptocurrency community and individual $DOGE owners.
This article is not financial advice!
