Mastiff (USD) Investors were left in shock after a sudden accident of 40% this week, triggered by a liquidation event of $ 2.2 billion linked to new American-Chinese prices. The price fell to $ 0.20 before recovering 26%. But even with this slight rebound, concerns remain on what awaits us for the largest piece of memes in the world.
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Markus offers a blunt reality verification
Billy Markus, the co-creator of Dogecoin, responded to the concerns of sugar-free investors. When he was asked to explain the crash, Markus clearly said that “market dynamics are not magic”. He reminded subscribers on X (formerly Twitter) that he has no control over the price of the part, reiterating his long -standing detachment from the project. Despite this, Markus remains a figure that investors turn when Dogecoin strikes the turbulence.
Analysts predict the potential return
While panic swept away small investors, analysts suggested that Dogecoin could enter a familiar cycle. Crypto The Tardigrade chartiste trader underlined a phase of “final capitulation” – a scheme which, in recent years, has led to major rallies. Another analyst, Kevin, has linked Dogecoin movements to Bitcoin prices, saying: “If all is well with BTC, then Doge should start its next step soon.”
The freight channel index indicates that Dogecoin can be occurred, according to Trading View, which some traders consider as a purchase opportunity.
The shadow of Elon Musk is looming in the markets
Adding to the drama, the name of Musk resurfaced in the middle of the reports of his team Access to sensitive American cash systems. The criticisms, including American senator Ron Wyden, expressed concerns about Musk’s growing influence on the financial markets, which has long been linked to the volatility of Dogecoin.
At the time of writing Dogecoin is seated at $ 0.2724.
