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Dogecoin's Future After Musk Lawsuit Victory
Elon Musk has emerged victorious in a lawsuit accusing him of manipulating Dogecoin's price. A judge dismissed the case, ruling that Musk's tweets were simply promotional and not misleading statements.
Despite a minor dip following the ruling, Dogecoin's price has been steadily increasing. This gradual growth is a positive sign, as it suggests a more sustainable trajectory compared to sudden spikes and subsequent crashes. Additionally, reports indicate that large Dogecoin holders are accumulating more coins, expressing confidence in the cryptocurrency's future.
Technical analysis suggests that Dogecoin may be entering a bullish phase
The lawsuit, filed in 2022, accused Musk of using his influence to artificially inflate Dogecoin's value. Plaintiffs claimed that Musk's actions, such as changing Twitter's logo, were part of a scheme for insider trading. However, the judge ruled in Musk's favor, dismissing the case. 12 replies
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