Why the Price of Dogecoin Is Falling Today
The price of the meme token Dogecoin (CRYPTO: DOGE) fell roughly 4.5% between 4 p.m. ET Wednesday and 10:58 a.m. ET on Thursday for no obvious reason, although I do think there are a few possibilities that might explain the move.
Earlier this week, the price of Dogecoin shot up after a Shiba Inu icon replaced the bluebird that is normally seen on the top left of Twitter's home feed.
This was considered by many to be significant because Twitter's CEO Elon Musk is a well-known Dogecoin supporter, and it's supposedly one of three cryptocurrencies that Musk owns. Plenty of comments by him about Dogecoin in the past have sent the price of the token soaring.
Source Fool.com
