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Dogecoin Price Stable as Elon Musk Rejects Tesla CEO Replacement Report
In recent news, a report emerged claiming that the board of directors at Tesla was seeking a replacement for CEO Elon Musk. However, Elon Musk himself has denied these claims, stating that they are “absolutely false” and that there have been no discussions about his departure from the company.
As a result, the price of Dogecoin (DOGE) remained stable over the past 24 hours, trading between $0.16 and $0.17. This lack of significant movement suggests that the news did not have a noticeable impact on the cryptocurrency market or trader sentiment.
Despite this report, it is worth noting that Dogecoin payments are still actively available for use on Tesla’s website. In early 2022, the company began accepting DOGE for merchandise purchases, and this integration remains in place to date. While some may speculate about the potential implications of a CEO change at Tesla, such a scenario does not seem to have influenced the cryptocurrency’s value.
Interestingly, while Dogecoin did not fluctuate significantly following the report, trading volume has remained consistent over the past day, indicating that there was no drastic shift in trader behavior or sentiment during this time.
Source: https://coinchapter.com/dogecoin-price-stable-as-elon-musk-rejects-tesla-ceo-replacement-report/
