Tesla CEO Elon Musk, at the American PAC meeting, the US government’s Dogecoin $0.163696He clearly answered the allegations that he would use. Musk said that the government’s institution referring to Memecoin was the real name of the Government Effeiciency Commission ve and that the name Doge was chosen only to reflect the internet trends.
Musk’s explanations and the quality of the institution
Musk said that the speculations made more strengthened by the establishment of the state institution called Dge. In the statements of American authorities, it was emphasized that the Doge institution has no direct relationship with Memecoin. These explanations aim to clarify the uncertainties in the public opinion.
Elon Musk: “The name is similar, but two different things. As far as I know, the government does not plan to use Dogecoin.”
Developments in Dogecoin prices
Following Musk’s statements, Dgecoin prices decreased by about two percent. Memecoin, which follows current values around 0.1660, can reach lower levels depending on certain trend lines in technical analysis. This has been reflected in the reactions of investors.
Some analyzes argue that Dogecoin can reach higher values if the three -month trend line is broken. On the other hand, there are also comments that Doge may have a supportive effect of a particular model or structure (eg House of Doge Reserve). Investors closely follow the developments.
According to statements, existing speculation and market reactions are uncertain about Memecoin’s future performance. This is carefully evaluated by market actors. Relevant analyzes show that levels of technical support and resistance may also play an important role in the market.
This statement of Elon Musk presented a clear statement about the question marks about Dogecoin, while different interpretations between the Memecoin community and investors continue to come up.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
