Dogecoin Fan Elon Musk To Resign; What Is DOGE’s Future?

Elon Musk, the new CEO of Twitter, posted a poll on the micro-blogging networking site on Sunday afternoon, asking people if they thought he should continue leading the firm or should resign. After about 12 hours, the results are in with more than 17 million votes, where 57.6% of people agreed that Musk should resign.

Elon Musk’s Twitter Poll

The vote comes less than two months after Tesla’s CEO bought Twitter for $44 billion at the end of October, giving him sole control of the social media firm. The takeover has already proven to be turbulent, with mass firings and executive reshuffling, at the top of Musk’s agenda as he worked his way through the company.

Read More: Elon Musk’s Twitter Sued For “Disproportionately” Firing Female Employees

Musk wrote in his initial post, “I will abide by the results of this poll,” but he hasn’t spoken on the matter since the poll closed at 3:20 in the morning.

Musk further tweeted that,

No one wants the job who can actually keep Twitter alive. There is no successor.

Will Musk Step Down?

Since he first published the poll, Musk has been very cryptic in his tweets. One hour after the polls went live, he added, “As the saying goes, be careful what you wish, as you might get it,”

Even earlier, Elon Musk has seen to abide by the poll verdicts, as very recently he un-banned former United States President Donald Trump after a Twitter poll concluded in setting the account free.

Read More: Will Trump Be Back on Twitter? Elon Musk Asks Twitter To Decide on a Poll

DOGE Fan Musk Hinted To Leave

In spite of the fact that the poll would appear to be a spur-of-the-moment decision, the newly appointed head of Twitter has already given indications that he does not intend to be CEO in the long run.

Read More: CEO Elon Musk Says Twitter’s 280 Character Limit Will Increase

In November, Musk stated that he planned to most likely look for a new executive to lead the social media site. Tess Renearson, who was in charge of crypto at Twitter, left the company in November as well.

What’s In For Dogecoin (DOGE)?

Now, with the brewing uncertainty, the price of Elon Musk’s favorite cryptocurrency — Dogecoin (DOGE) — remains in limbo by falling over 0.5% in the past 1 hour and by 1.3% in the last 24 hours.

Read More: Dogecoin Price On Losing Streak Eyes 10% Fall; Keep Holding?

Although, the meteoric rise of the meme cryptocurrency has been primarily fueled by Musk’s tweets, reflecting his fondness for the project; his detachment from Twitter may not have a significant impact — as many industry experts tend to believe. The king meme coin, DOGE, is currently trading at around $0.077, at the time of writing.

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now – he has seen it all.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.