{"id":154384,"date":"2025-03-31T15:00:44","date_gmt":"2025-03-31T12:00:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154384"},"modified":"2025-04-02T14:15:49","modified_gmt":"2025-04-02T11:15:49","slug":"elon-musks-dogecoin-comments-stir-concern-but-hodlers-keep-hope-alive","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/elon-musks-dogecoin-comments-stir-concern-but-hodlers-keep-hope-alive\/","title":{"rendered":"Elon Musk\u2019s Dogecoin Comments Stir Concern, But HODLers Keep Hope Alive"},"content":{"rendered":"

Adding to the uncertainty, Elon Musk\u2019s recent comments about the cryptocurrency\u2019s future have raised questions, especially after he clarified that the U.S. government has no plans to use Dogecoin. Despite these setbacks, long-term holders of DOGE<\/a><\/strong> seem to be undeterred, continuing to accumulate more of the token at current lower prices.<\/p>\n

On the network side, Dogecoin\u2019s Network Value to Transaction (NVT) ratio surged to a three-month high, which suggests a discrepancy between the network\u2019s value and transaction activity, potentially signaling a lack of confidence from investors. Musk\u2019s remarks have contributed to some of the negative sentiment, but the overall market impact remains uncertain.<\/p>\n

Interestingly, long-term holders have been actively increasing their positions during the recent decline, indicating that many are betting on Dogecoin\u2019s recovery. This accumulation could serve as a buffer against further declines, supporting the price at current levels. The continued commitment from these holders suggests confidence in Dogecoin\u2019s future, despite the volatility caused by external factors like Musk\u2019s comments.<\/p>\n