— Elon Musk (@elonmusk) September 7, 2024 Dogecoin (DOGE) price analysis Surprisingly, nearly two hours after Elon Musk’s post, Doigecoin is still underperforming against other cryptocurrencies that bounced up this morning. As of this writing, DOGE trades at $0.09382, down 3.31% in the last 24 hours. Dogecoin (DOGE) daily price chart and market data. Source: CoinMarketCap Despite an observable recovery in the daily chart from a price bottom – that affected the entire market – DOGE is behind. For example, looking at CoinMarketCap‘s “Top Gainers,” we can see Starknet (STRK), Sui Network (SUI), Optimism (OP), JasmyCoin (JASMY), and Uniswap (UNI) leading with gains that go from 3.39% to 11.66% in the same period. Top Gainers, 24h, top 100. Source: CoinMarketCap Therefore, Elon Musk’s public comments and direct or indirect mentions of DOGE are not influencing its price as before. Elon Musk and Tesla lawsuit related to Dogecoin (DOGE) price manipulation Interestingly, Judge Alvin Hellerstein recently dismissed a price manipulation lawsuit from Dogecoin investors against Elon Musk and Tesla (NASDAQ: TSLA). Hellerstein responded to it, saying Musk’s statements used to accuse him of manipulation should not be taken seriously. “These statements are aspirational and puffery, not factual, and susceptible to being falsified […] and no reasonable investor could rely upon them.” – Judge Alvin Hellerstein Investors opened the lawsuit in June 2022, accusing Elon Musk of publicly manipulating Dogecoin’s price, causing $258 billion in damages. According to the documents, the class action claimed DOGE surged by 36,000% due to the billionaire’s influence, crashing later. Nevertheless, whether true or not, these days could be over, with the dog-themed cryptocurrency failing to move after the post. This signals a potentially more mature market, not blindly following influential figures up and down. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. Share