Dogecoin has pared most of the elonmusk-driven gains DOGE
, the largest meme coin, has plunged by more than 13% over the past 24 hours, according to CoinMarketCap.It is now on the verge of leaving the top 10 after erasing the lion’s share of Elon Musk-driven gains. The cryptocurrency is currently valued at $18.6 billion.
The tech mogul’s favorite cryptocurrency is expected to play a prominent role on Twitter. Musk has already floated the idea of letting Twitter Blue subscribers pay with the help of the whimsical cryptocurrency. On top of that, he claimed that making it possible to send tips with the help of the meme coin would be “nice.”However, the Twitter deal itself ended up being a “buy the rumor, sell the news” event for Dogecoin.
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