Dogecoin Price Falls After Musk Clarifies US Government’s DOGE Position

Dogecoin has faced a series of setbacks recently, including a failed breakout attempt that led to a decline in its price. This downward movement was further exacerbated by a recent comment from Elon Musk, which cast doubt on Dogecoin’s future.   However, despite these challenges, the altcoin is showing some signs of recovery, largely driven by long-term holders (LTHs) who accumulate more DOGE at current low prices. Dogecoin Is Facing Mixed Signals Dogecoin’s Network Value to Transaction (NVT) ratio has spiked significantly, reaching a three-month high source: https://beincrypto.com/dogecoin-price-tumbles-after-musk-statement/