Is Elon Musk responsible for the dump of Dogecoin today

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Dogecoin was going up and up when Elon Musk was posting about it more and more. Because of him, the coin managed to increase more than 13,000% in a year.

Now, since after his appearance on Saturday Night Live the coin is nearly 40% percent down from it’s all-time high.

It happened probably because Elon conceded at SNL that it was a ‘hustle’.I remember how Verge surged massively after John McAfee’s comment.

Later it was revealed that McAfee charges money for promotional cryptocurrency tweets.

I don’t believe that Elon Musk is getting petty by promoting cryptocurrency for his benefits. But it is surely a pump and dump case with the Dogecoin today.

What do you think about Dogecoin?

Read: Electroneum is going places

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Saifullah Khan

Hi there, I am the author of gloomyworld.com, read more about me here.

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