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Benzinga
Benzinga
Business
Murtuza Merchant

Is The Dogecoin Slump Just A 'Blip' Before A Rally? Here's What Experts Say

Dogecoin DOGE Elon Musk Twitter Inc. Crypto Anndy Lian Bitcoin Raj Kapoor Mining Tesla Inc.

Popular memecoin Dogecoin (CRYPTO: DOGE) slipped about 10% on the heels that new Twitter owner Elon Musk has reportedly halted work on the social network's crypto wallet.

But experts say the current slump is only a “blip” before a long-term rally on the back of increased use cases for the world’s eighth largest cryptocurrency by market capitalization.

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