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How Will Elon Musk's DOGE Lawsuit Impact Dogecoin Price?

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Summary
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64% Informative

Dogecoin price surged 2.34% and exchanged hands at $ 0.3825 , after touching a 24-hour high of $ 1.40 .

Elon Musk’s Department of Government Efficiency (D.O.G.E.) has faced legal hurdles, just minutes after its announcement, alleging violations of a 1972 law governing federal advisory committees.

This development has significantly weighed on the investors’ sentiment while dragging down the DOGE price.

However, despite the legal woes, it appears that other recent market developments have further reignited market confidence in the meme coin.

VR Score

42

Informative language

27

Neutral language

57

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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