Dogecoin Down 0.63% Amid Elon Musk Criticism and Coinbase Boost: Is DOGE Headed to $1?

Dogecoin (CRYPTO: DOGE) is trading for $0.2256 after falling 0.63% over the past 24 hours, even as it rose 10.76% over the week and 46.53% over the month. The decline comes after growing hostility within the Dogecoin community, in spite of bullish technical indicators.

Some believe the suspensions are being done under the guidance, or maybe the neglect, of Elon Musk, who has been the biggest supporter of DOGE. User @BackToTheDoge complained that accounts that contained the word “Dogecoin” in their handle or description were suspended, despite the U.S. Patent and Trademark Office ruling the name generic.

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The user was frustrated with the inaction of Musk and the X team, as they are shutting out grassroots …

Full story available on Benzinga.com