Dogecoin Price Prediction As Elon Musk Wins $258 Billion DOGE Pyramid Scheme, Yet PEPE Offshoot Steals Spotlight With $11M Funding Raise
The Dogecoin price rose by a fraction of a percentage in the last 24 hours to trade at $0.108 as of 03:40 a.m. EST on trading volume that dropped 20% to $465 million. This comes after Elon Musk and Tesla Inc. won the dismissal of a lawsuit that claimed they pumped up the price of the Dogecoin cryptocurrency into a $258 billion “pyramid scheme.” Investors who lost big chunks of money faulted Musk for promoting the token to his millions of Twitter followers and then inflating the price by announcing that Tesla would accept Dogecoin as payment for merchandise. However, a New York federal judge dismissed the claims, finding Musk’s statements were “aspirational” rather than “factual and susceptible to being falsified.” Dogecoin Price Gearing Up Towards A Bullish Stance According to data from GeckoTerminal, the Dogecoin price, after breaking out of consolidation, has been on a downtrend from $0.1145, as it trades within a falling channel pattern...