The cryptocurrency has reacted downward to the survey on Musk's tenure as CEO of the social network; and his notice of withdrawal from office.
Key facts:
-DOGE has fallen 7.5% since Musk announced his departure as CEO of Twitter.
-So far in December, its depreciation exceeds 30%.
The price of Dogecoin (DOGE) turns red again, in the midst of the controversial handling that Elon Musk has had about the potential departure of him as CEO of Twitter. First with a survey in which the majority of users opted for his resignation and then with a tweet stating that he would do so.
Over the past three days, DOGE sees a 7.5% depreciation across exchanges, according to data from CoinMarketCap. In that period, the meme cryptocurrency has gone from USD 0.079 to USD 0.073, at the time of writing this article.
Last Sunday, Elon Musk surprised by publishing a poll on Twitter. In it, he consulted network users if he should resign as CEO, as we reviewed in CriptoNoticias. The majority answer was affirmative.
Now, on Tuesday night, Musk announced on the same network that he would leave the position once he found someone "dumb enough to accept the job." Then he will lead just the software and server teams, Musk added.
With this movement, DOGE has already accumulated a drop of more than 30% in the month of December. In that period, its price has gone from USD 0.11 to the current price.
DOGE is chaining its second consecutive month of decline with this performance, after having doubled its market value last October, after the purchase of Twitter by Musk.
As we reported last October in CriptoNoticias, the Dogecoin price had jumped before Musk's purchase of the social network. However, that momentum began to wane due to the criticisms raised about his management, which began with many controversies.
Already at the beginning of December, the rumor that a specific digital currency would be created for Twitter affected the price of DOGE.
Especially since Musk's historical support for this meme cryptocurrency had generated among the public the expectation that the social network would adopt Dogecoin as the platform's currency.