Dogecoin (DOGE) Tumbles Following Elon Musk’s Twitter Poll About Stepping Down As Twitter CEO

Dogecoin (DOGE) Tumbles Following Elon Musk’s Twitter Poll About Stepping Down As Twitter CEO

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Elon Musk has actually been consulted with heavy criticism from the start of his period as CEO of among the world’s most popular social networks platforms. It likewise had an influence on Elon Musk’s favored cryptocurrency, dogecoin, which saw a substantial decrease over the previous a number of days.

On Sunday, Elon Musk tweeted a survey asking whether he must step down as CEO of Twitter; practically 57.5% of the 16.3 million votes surveyed favored his resignation. Musk mentioned he would follow the survey’s findings, it is unsure whether or not he will truly do so.

Should I step down as head of Twitter? I will follow the outcomes of this survey.

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Issues are being raised concerning the billionaire’s other business due to the management at Twitter. His options are typically questioned, whether from mass layoffs or current policy modifications.

On December 18th, Twitter stated that it would get rid of accounts produced exclusively to promote other social networks websites and product which contains links or usernames. The post is presently not offered.

According to a post, the modification will impact product from social networking websites like Facebook and Instagram from Meta Platforms along with Mastodon, Truth Social, Tribel, Nostr, and Post while allowing cross-content publishing.

Given that Elon Musk ended up being CEO, Twitter has actually taken other disorderly actions, like see-sawing over just how much to charge for its membership service Twitter Blue. The policy modification is the current in this line of habits.

After getting criticism, Musk asked forgiveness for the unexpected policy modification previously on Sunday and stated significant policy modifications would be put to the vote going ahead.

Moving forward, there will be a choose significant policy modifications. My apologies. Will not occur once again.

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Dogecoin (DOGE) Price Analysis

Unsurprisingly, DOGE fell after the questionable billionaire tweeted since the meme coin continues to be extremely fragile to Musk’s tweets and remarks.

The information from CoinMarketcap reveals that presently, DOGE is trading at $0.07753. The everyday chart shows a loss of about 2% in addition to 12.62% in the last 7 days. The token’s market cap is down by 2% in the previous 24 hours, while its trading volume is up by 4% in the exact same period.

DOGEUSDT 2022 12 19 05 15 58
Source: Coinmarketcap

Dogecoin has actually dropped considerably in current days considering that striking the everyday high of $0.111 resistance on December 05th, roughly after one month. Dogecoin fell nearly 90% from its All-Time High of $0.7376 on May 08th, 2021, almost 2 years back.

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