It is already known to everyone that the favorite currency of Elon Musk in recent times, has been Doge, always influenced by his tweets and statements, mostly positively, however, on the last day, the currency suffered in a short period of time a devaluation of approximately 25%, after statements made by Musk, on the American TV program Saturday Night Live, last Saturday, May 8, 2021.
The fall in the currency came after a little joke between Elon and his mother, who commented that he did not expect to receive as a Mother's Day gift, dogecoin, and that it was endorsed by a statement from Musk, saying that the coin is a mess. This repercussion caused some investors to sell the currency, thus generating a sudden drop in the price of the quotation.
Anyway, does this show a slowdown in currency growth? Can Elon stop wearing the Doge flag?
In my humble opinion, it was just a joke that was taken seriously by many anxious speculators, and that the situation generated only a great opportunity for new investors to enter, at a lower value.
And you dear reader, what is your opinion?
I wish you a great week!