{"id":4386,"date":"2025-04-22T15:18:46","date_gmt":"2025-04-22T14:18:46","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=4386"},"modified":"2025-04-22T15:18:48","modified_gmt":"2025-04-22T14:18:48","slug":"price-impact-elon-musks-departure-dogecoin-doge","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/price-impact-elon-musks-departure-dogecoin-doge\/","title":{"rendered":"The Potential Price Impact of Elon Musk&#8217;s Departure on Dogecoin (DOGE)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"elon-musks-imminent-departure-from-d-o-g-e-causes-concern-among-dogecoin-investors\"><strong>Elon Musk&#8217;s Imminent Departure from D.O.G.E. Causes Concern Among Dogecoin Investors<\/strong><\/h2>\n\n\n\n<p>Crypto market observers are cautious about the future of <strong><a href=\"https:\/\/preprod.investx.fr\/en\/crypto-investing\/buy\/dogecoin\">Dogecoin<\/a><\/strong> as billionaire <strong><a href=\"https:\/\/preprod.investx.fr\/en\/crypto-news\/elon-musk-strikes-why-dogecoin-dropping\/\">Elon Musk<\/a><\/strong> prepares to step down from his role at the<strong> D.O.G.E<\/strong>. (Department of Government Efficiency). While this news may lead to <strong>short-term volatility<\/strong>, the long-term prospects remain steady for the <strong>memecoin<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\ud83d\udea8 BREAKING: Elon Musk says he\u2019s stepping down from DOGE in May\u2014after claiming he \u201csaved\u201d $1 trillion like it\u2019s pocket change.<br><br>But here\u2019s what really happened:<br>Mass layoffs. Asset fire sales. Gutting entire departments. And now he\u2019s moonwalking out like the job\u2019s done.<br><br>This\u2026<\/p>&mdash; Brian Allen (@allenanalysis) <a href=\"https:\/\/twitter.com\/allenanalysis\/status\/1906066478887240046?ref_src=twsrc%5Etfw\">March 29, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>According to a recent report by The Washington Post, Elon Musk, the CEO of Tesla and SpaceX, is aiming to <strong>leave his position<\/strong> as the head of D.O.G.E. <strong>by the end of the year<\/strong>. This announcement has shaken DOGE investors, who were previously very optimistic about the asset&#8217;s price, mainly due to Musk&#8217;s prominent role within this federal agency.<\/p>\n\n\n\n<p>The American billionaire volunteered to lead D.O.G.E. alongside V. Ramaswamy under Donald Trump&#8217;s presidency this year. However, he has since faced<strong> considerable criticism<\/strong>, even contemplating his departure after a humiliating political reversal.<\/p>\n\n\n\n<p>Despite aiding the U.S. government in saving several <strong>billions of dollars<\/strong> to date, many federal agencies have viewed skeptically the new advisory panel under Trump. CoinGape recently reported that Senator<strong> Elizabeth Warren <\/strong>introduced a new bill primarily to <strong>curtail Musk&#8217;s role<\/strong> within the SGE. Collectively, these indications suggest that it is only a matter of time before the American billionaire exits his federal role.<\/p>\n\n\n\n<p>The direct impact of this news remains somewhat <strong>bearish<\/strong> for memecoin observers. As Tesla&#8217;s CEO prepares to step back from his governmental role, the<strong> hype<\/strong> around a federal agency named after a memecoin is also expected to <strong>dwindle<\/strong>, given Musk&#8217;s massive influence on the coin.<\/p>\n\n\n\n<p>Therefore, traders and investors might <strong>panic and sell<\/strong>, leading to <strong>short-term volatility<\/strong> in price. However, the likelihood of a negative long-term impact remains <strong>negligible<\/strong>, according to global reports.&nbsp;<\/p>\n\n\n\n<p>The price of DOGE token is currently trading at <strong>$0.1638<\/strong>, slightly up by over <strong>1%<\/strong> in a day and<strong> 2.5%<\/strong> in a week, due to broader recovery trends.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/t.me\/+TNBX8ef96gdjMGFk\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Learn more on our new Telegram channel !<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"crypto-analyst-remains-bullish-despite-musks-departure-news\"><strong>Crypto Analyst Remains Bullish Despite Musk&#8217;s Departure News<\/strong><\/h2>\n\n\n\n<p>However, a <a href=\"https:\/\/preprod.investx.fr\/en\/crypto-investing\/\">crypto<\/a> analyst has recently predicted a <strong>bullish outlook<\/strong> for Dogecoin despite concerns raised by this news. Analyst ZAYK Charts predicted that the memecoin price was gearing up for a massive <strong>bullish wave<\/strong> in the near future.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOGE<\/a> Fallling Wedge Breakout in 1D Timeframe\u2705<br><br>Massive Bullish Wave Soon\ud83d\udcc8<a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Dogecoin<\/a> <a href=\"https:\/\/t.co\/3CVx6htPim\">pic.twitter.com\/3CVx6htPim<\/a><\/p>&mdash; ZAYK Charts (@ZAYKCharts) <a href=\"https:\/\/twitter.com\/ZAYKCharts\/status\/1914558605170270360?ref_src=twsrc%5Etfw\">April 22, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>According to the analyst, <a href=\"https:\/\/preprod.investx.fr\/en\/crypto-news\/dogecoin-doge-set-soar-28-heres-whats-fueling-surge\/\">Dogecoin<\/a>&#8216;s price is forming a <em>&#8220;bullish channel breakout pattern&#8221;<\/em> on the one-day chart. This pattern is primarily a bullish formation signaling a<span> trend reversal from bearish to bullish. Market observers are speculating on the future price movement of the memecoin amidst uncertain news and bullish predictions.<\/span><\/p>\n\n\n\n<p>While the news of Elon Musk&#8217;s imminent departure from D.O.G.E. raises concerns about the future of Dogecoin, the long-term prospects remain relatively stable. Some crypto analysts even foresee <strong>upward potential<\/strong> ahead.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/preprod.investx.fr\/en\/wp-content\/uploads\/sites\/5\/2025\/04\/TP_DOGE_USDT.P-OKEX_charlesledoux_22-04-2025-1024x576-1.png\" alt=\"DOGE Dogecoin price in 1W\" class=\"wp-image-4389\" srcset=\"https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2025\/04\/TP_DOGE_USDT.P-OKEX_charlesledoux_22-04-2025-1024x576-1.png 1024w, https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2025\/04\/TP_DOGE_USDT.P-OKEX_charlesledoux_22-04-2025-1024x576-1-300x169.png 300w, https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2025\/04\/TP_DOGE_USDT.P-OKEX_charlesledoux_22-04-2025-1024x576-1-768x432.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p>The weekly chart shows a CMF at its lowest since December 2022. This demonstrates a capital outflow and\/or disinterest in the memecoin. A <strong>rebound<\/strong> in the coming weeks will be crucial for the following months. Some view it as a huge <strong>opportunity<\/strong> to invest when others turn away from the industry&#8217;s largest memecoin.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/preprod.investx.fr\/go-bitget\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Buy Dogecoin on Bitget and get a bonus !<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>More on this topic :<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/preprod.investx.fr\/en\/crypto-news\/pi-network-pi-set-to-soar-why-300-rally-could-be-imminent\/\">Pi Network (PI) Set to Soar ? Why a 300% Rally Could Be Imminent<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/preprod.investx.fr\/en\/crypto-news\/gold-soaring-should-you-sell-your-bitcoins-to-buy\/\">Gold Soaring : Should You Sell Your Bitcoins to Buy It ?<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/preprod.investx.fr\/en\/crypto-news\/mantra-ceo-initiates-burning-150-million-om-tokens-following-scandal\/\">Mantra CEO Announces Burn of 150 Million OM Tokens After Scandal<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>As Elon Musk prepares to step down from his role at D.O.G.E., Dogecoin is encountering uncertainty. Can the meme-coin bounce back even after losing its most fervent supporter?<\/p>\n","protected":false},"author":32,"featured_media":4384,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"dogecoin","_yoast_wpseo_title":"How Will Dogecoin Price be Affected if Elon Musk Leaves ?","_yoast_wpseo_metadesc":"Concerns rise over the future of Dogecoin as Elon Musk's departure from D.O.G.E leadership looms large. Stay informed and stay ahead.","footnotes":"","faq_titre":"","questions_frequentes":"","custom_permalink":""},"categories":[11,10],"tags":[],"class_list":["post-4386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Will Dogecoin Price be Affected if Elon Musk Leaves ?<\/title>\n<meta name=\"description\" content=\"Concerns rise over the future of Dogecoin as Elon Musk&#039;s departure from D.O.G.E leadership looms large. 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