The post Will It Crash if Elon Musk Leaves Trump’s DOGE? appeared on BitcoinEthereumNews.com.

Dogecoin price today continues to crash, and hovers near its lowest level since November last year. This drop is mostly because of the ongoing fear among investors after Donald Trump implemented sweeping tariffs. It has also crashed as the odds that Elon Musk will abandon the DOGE project this year rose on Polymarket. Dogecoin Price Today at Risk as Odds of Elon Musk Leaving DOGE Rise Polymarket traders believe that Elon Musk, the wealthiest person in the world, will abandon his position this year. A poll with over $131k in assets shows that these odds have soared to a record high of 77%, up from 55% on April 1.  Elon Musk to Leave DOGE These odds have jumped after a Democratic judge won a seat in Wisconsin in a sharp rebuke to Musk who spent billions of dollars in the campaign. Also, the probability has jumped as he watches his Tesla stock implode. It has crashed by over 40% this year, erasing over $1 trillion in value. The probability that he will leave the DOGE position explains why the Tesla stock price jumped by over 5% on Wednesday. Analysts believe that leaving DOGE would let him focus fully on his company.  Musk’s exit from the DOGE project would have a minor impact on the Dogecoin price, leading to its retreat. That drop would mostly be from a psychological perspective since he is its most prominent promoter. However, any price drop after he leaves the Department of Government Efficiency would be temporary. DOGE Price Technical Analysis Hints to a Rebound The ongoing Dogecoin price crash could ultimately result into a strong rebound. One crypto analyst predicted that DOGE will jump by 250% in the long term if it holds above $0.15.  On the daily chart, the coin seems to be forming a…

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Filed under: News - @ April 4, 2025 3:26 am