Elon Musk has cleared air around the surrounding rumors inserted a potential Dogecoin in the US State Efficiency Ministry (DOGE). During a speech at The American Pack Town Hall in Green Bay and Wisconsin, he said: “There are no plans for the government to use Dogecoin or anything.”
Musk explained that he originally thought about naming the government efficiency committee agency, but he found it very boring. He added: “I would have called it the government efficiency committee, but this is a very boring name. Then the Internet said it should be the Ministry of Government efficiency. I was like the Internet right.”
The Ministry of Governmental efficiency aims to improve taxpayer funds, providing an estimated $ 130 billion since its official beginnings in January, with an average savings of $ 840 for each taxpayer.
Dogecoin has decreased more than 5 % in the past 24 hours. However, this decrease is not only due to the recent statement of Elon Musk. The total market feelings are still negative, as Bitcoin is struggling to bear more than 82 thousand dollars. Most of the best 10 altcoins also decline, as they test the main support levels. So, what is the following for Dogecoin?
What is the next for the price of Dogecoin?
Dogecoin currently holds support about $ 0.15. Although the last prices have decreased, Dogecoin is able to stay over some critical support areas.
Currently, Dogecoin has decreased by 65 % of its highest levels, indicating that in the case of frequent date, a recovery can be similar on the horizon. Its height is at all $ 0.73, and if it follows the same style, it may reach it again-or higher.
Resistance levels for viewing about $ 0.19 and $ 0.23. If Dogecoin penetrates this range, it may pay about $ 0.30.
