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Elon Musk Is Stepping Down

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Dogecoin has benefited from several mini-rallies in recent months despite speculation that it may be playing a role in Elon Musk’s Twitter strategy. In fact, DOGE became one of the top actors in the crypto market as a rebellious billionaire, who has a passion for crypto-themed dogs for a long time, took to Twitter. With Musk looking to step down as CEO of Twitter, is his favorite coin’s price heading south?

Twitter’s Elon Musk May Step Down As CEO Soon

A new drama is emerging around Twitter as Elon Musk released a poll asking his followers if he should retire from the microblogging site. At press time, the decision was split, with 57.5% of about 17.5 million supporting his resignation.

Musk has indicated that he will accept the results of Twitter’s investigation, which means that he is ready to hand over this important task to someone else. Clearly, Musk isn’t looking for just anyone, but a CEO who can “keep Twitter alive.” Interestingly, former NSA employee turned whistleblower Edward Snowden has said he is ready to run the media and would prefer bitcoin to pay for his new job.

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Why Is It Important To DOGE

Musk has been a fan of Dogecoin. His plan is to send DOGE into space. The Tesla CEO’s statement that the money also had a volatile effect on its price. In October, for example, DOGE rose to 12 cents on the news that Musk has completed $ 44 billion Twitter and released a document showing that the electric car mogul is working on a prototype.

A wallet that will support crypto deposits and withdrawals. There are unofficial hints that the Martian wannabe may be using Dogecoin in his plans for Twitter 2.0 until he suggests his time as ‘Chief Twit’ may be coming to an end.

Clearly, the crypto industry is still moving forward after a bad month: the confidence of investors was broken after the news of the withdrawal of FTX, which is one of the most popular cryptocurrency exchanges. important and most important.

Who knows what’s coming? But if Musk steps down as CEO of the bird app, plans to integrate Dogecoin payments — and eventually add a Shiba Inu-themed meme utility — he could be caught. That means investors looking for a short DOGE month could be in for a bullish write-up.

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