Price: $0.38417 1.9266%
Market Cap: 56.43B 1.7403%
Volume (24h): 8.07B 0.4%
Dominance: 1.7403%
Price: $0.38417 1.9266%
Market Cap: 56.43B 1.7403%
Volume (24h): 8.07B 0.4%
Dominance: 1.7403% 1.7403%
  • Price: $0.38417 1.9266%
  • Market Cap: 56.43B 1.7403%
  • Volume (24h): 8.07B 0.4%
  • Dominance: 1.7403% 1.7403%
  • Price: $0.38417 1.9266%
Home > Information news > Crypto – Dogecoin resists despite Elon Musk’s disinterest

Crypto – Dogecoin resists despite Elon Musk’s disinterest

Release: 2024/01/12 22:33 Reading: 970

Original author:Cointribune EN

Original source:https://coinmarketcap.com/community/articles/65a1483592e971085d05aaf0

Crypto – Dogecoin resists despite Elon Musk’s disinterest

Dogecoin (DOGE) has long been associated with Elon Musk, who has continually praised the meme-inspired crypto on social media. But the billionaire has been quieter on the subject lately. Nonetheless, despite this apparent lack of interest, Dogecoin maintains a loyal community and demonstrates remarkable resilience.

Elon Musk Distances Himself from Dogecoin

Launched in 2013, Dogecoin experienced its moment of glory in 2021 thanks to Elon Musk. His laudatory tweets about the cryptocurrency caused its value to skyrocket. The Tesla CEO did not hesitate to call DOGE his “favorite crypto” and even claimed to be working with the developers to improve the ecosystem.

But in 2022 and early 2023, Musk has become more silent. While he still admits to owning Dogecoins, his comments no longer have the same effect on the market as in the past. Some see this as a sign of waning interest; others interpret it as a deliberate change in strategy to avoid influencing the markets.

Regardless, Dogecoin no longer enjoys the same media hype driven by the Tesla boss. This situation could have been detrimental, but the cryptocurrency is navigating it with considerable resilience.

A Crypto Community Still Active and Engaged

Despite the spotlight shifting elsewhere, Dogecoin retains a solid fan base. On Reddit, Twitter, or Discord, these users continue to believe in the potential of their favorite cryptocurrency. They applaud its low transaction fees, speed, and the quirky nature inherent to its origin.

Initiatives are sprouting to promote the adoption of DOGE. Some merchants accept Dogecoin as payment. Most importantly, new projects like Doge-ETH aim to expand the use cases of the canine crypto.

This loyal community keeps Dogecoin within the top 10 cryptocurrencies in terms of market capitalization, despite the slowdown in recent months. It remains an undeniable asset to ensure the project’s longevity.

Elon Musk seems to be taking his distance from Dogecoin, which he has previously promoted so heavily. But the meme crypto shows remarkable resilience, supported by an ever-active and committed community. Even without Tesla’s CEO’s support, DOGE maintains strong arguments and could hold surprises for the long term.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.