Abstract
Elon Musk's promotion of Dogecoin has generated significant interest and speculation in the cryptocurrency market. This paper explores the potential impact of Musk's endorsements on Dogecoin's value, adoption, and cultural significance. Drawing from an analysis of market trends, social media activity, and investor behavior, the paper examines how Musk's tweets and public statements have influenced Dogecoin's price volatility and trading volume. Additionally, it considers the broader implications of celebrity endorsements for cryptocurrency markets, including regulatory scrutiny and investor sentiment. By shedding light on the dynamics of Musk's promotion of Dogecoin, this paper contributes to a better understanding of the interplay between celebrity influence and cryptocurrency market dynamics.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Scientific Journal of Metaverse and Blockchain Technologies
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.