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Another Elon Musk-fueled DOGE Rally Ends With a Dump

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cryptonews.com

Dogecoin (DOGE) is struggling to hold onto its weekend gains, slipping following the latest Musk pump.The popular meme coin had a banner day yesterday, pumping in value after Tesla and SpaceX CEO Elon Musk said that he would continue to support and buy the cryptocurrency.At one point, the 11th coin by market capitalization was up by as much as 24%, rising from a daily low of around USD 0.0501 to a relative high of USD 0.0622.

However, the coin has been trading lower since.At 8:12 UTC on Monday morning, DOGE is trading at USD 0.058. It is up by 5.4% over the past day and down 9% in a week.

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