Catenaa, Wednesday, January 8, 2025 – Elon Musk, a prominent advocate of Dogecoin, has issued a warning, suggesting that the cryptocurrency’s price could see a significant drop.
Speaking to his social media followers, Musk cautioned investors to be prepared for volatility, emphasizing the risks associated with cryptocurrency markets.
The billionaire entrepreneur, who has previously influenced Dogecoin’s value through tweets and endorsements, did not specify what could trigger the decline.
Later last week, he agains created chaos by changing his X handle as Kekius Maximus.
Dogecoin, created as a meme coin in 2013, has evolved into a serious competitor in the cryptocurrency market, thanks in part to Musk’s public support.
His remarks often spark significant price movements, making his latest warning particularly noteworthy.
Despite Musk’s warning, Dogecoin continues to be popular among crypto enthusiasts, with its value fluctuating widely based on market sentiment and social media trends.
