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Dogecoin Takes Biggest Hit, Falls 18% Following Elon Musk’s Twitter Poll

After the digital asset market took a bearish look as a result of the recent hike in interest rates, Dogecoin (DOGE) took further steps back following a controversial Twitter poll.

Elon Musk took over the management of Twitter in October after a $44 billion buyout, but things have looked shaky since he took over the helm of affairs. In his bid to make the platform more decentralized, Musk deployed Twitter polls to encourage user participation in high-profile decision-making.

In his recent poll on Monday, he asked if he should step down as the head of Twitter, and 57.5% voted in favour. The result of the poll has affected Musk’s backed Dogecoin leading to double figure losses.

(by Aliyu Pokima)

Dogecoin Dogecoin $0.32
-7.16%
Dogecoin DOGE Elon Musk
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