Dogecoin (DOGE), Price to Fall More With Tesla Stock Slump
Dogecoin (DOGE), Price News: Due to volatility in Tesla stock prices, the meme cryptocurrency Dogecoin faces the repercussions of the automaker. Due to Tesla’s ups-and-downs, Elon Musk’s special connection to DOGE continues its impact. As 2022 nears, the crypto market remains stagnant at the same price levels, with Bitcoin (BTC), maintaining a level below $17,000 as before. Despite this, cryptocurrencies such as Terra Classic (LUNC), are seeing a rally due to improvements in community performance.
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The Tesla Inc. (TSLA), stock price dropped to $115.80, a loss $7.35 for the day and a loss 5.97%. The DOGE price fell further on Tuesday due to a daily drop. According to CoinMarketCap, the DOGE price is at $0.07407 as of writing. This is a drop of 2.31% over the last 24 hours. After the automaker had recently stopped production at its Shanghai plant, the Tesla stock price dropped.
This move was made at a time when China was experiencing a significant increase in Covid infections. The TSLA price dropped 4.90% during the stock market open, indicating the impact of Shanghai plant suspension.
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