Dogecoin Returns to Earth as Elon Musk Plays with Rockets

The entire crypto market has crashed, but the Dogecoin project is one of the hardest hit. Society seems in shock. Their self-proclaimed leaders are nowhere to be seen. The leading meme currency has lost 70% of its value since its peak in May. Its market cap smashed $72 billion over the same period. Will the Doge's Army continue to fall steeply and buy? It seems so. The price has rallied in the last hours, but the recent red candles are an eerie sight. Related literature | Dogecoin (DOGE) Hits Higher on Another Bullshit Rally; What's next? To be fair, Elon Musk has never advised anyone to buy Dogecoin. He promised to work with the developers to "improve the efficiency of system operations". Did he live up to this? Working with Doge developers to improve efficiency of system operations. Potentially promising. — Elon Musk (@elonmusk) May 13, 2021 And says Tesla will accept DOGE and something related to a DOGE-powered space mission. These may be taken as trolls, but here they seem to promise, or at least hope, that Dogecoin "will become the currency of the world." (sic) For those bad at math, 100x higher trading volume with 100x lower fees means total fees earned stay the same. Low cost and high volume are required to become the world's currency. — Elon Musk (@elonmusk) May 16, 2021 Is the Doge's Army right to call Musk to help them in times of need? Does he break his promises by not talking about cryptocurrency anymore? Elon hasn't even mentioned a single cryptocurrency project since being called by Anonymous. We're not implying causation, but it's interesting. Just like we weren't implying causation when we said that Dogecoin's crash started during Elon Musk's appearance on Saturday Night Live. Doge's army calls for help, Elon tweets about missiles The billionaire is busy, there's no denying it. But so far he has not responded to calls for help from the Doge community.

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