Dogecoin (DOGE) plummeted Tuesday when Tesla TSLA stock plummeted.
As 2022 winds down, Bitcoin (BTC) remains below $17,000. Terra Classic (LUNC) is rising as community performance improves.
The manufacturer is taking action against meme cryptocurrency Dogecoin as a result of the volatility in the price of Tesla stock. Due to Tesla's ups and downs, Elon Musk's unique connection to DOGE still has an effect. The cryptocurrency market is still stagnating at the same price levels as 2022 draws to a close, with Bitcoin (BTC) maintaining a level below $17,000. As a result of improvements in community performance, cryptocurrencies like Terra Classic (LUNC) are currently seeing a rise.
The share price of Tesla Inc. (TSLA) dropped to $115.80, losing $7.17 or 5.91% on the day. As a result, the price of DOGE continued to decline on Tuesday despite a daily decline. As of this writing, the price of DOGE is $0.07348, a decrease of 2.93% over the last 24 hours, according to market monitoring site CoinGabbar. After the manufacturer recently halted production at its Shanghai plant, the price of Tesla stock fell.
The decision was made while China was experiencing a sharp rise in Covid infections. The TSLA price decreased 4.90% at the start of the stock market, demonstrating the impact of the suspension of the Shanghai facility.
A wallet that is thought to be the largest Dogecoin holder just transferred 3.84 billion DOGE valued $280.6 million. It's interesting that the deal was struck right before Elon Musk launched a Twitter poll on whether he should remain the platform's CEO.
