Dogecoin price: Elon Musk NOT what sets DOGE apart - unusual strength explained

Not long after, DOGE plummeted, dropping 1.9 percent of its value.

At 8.15am, investors could buy a token for $0.314, and at 1.15pm for $0.308.

Backers will want to know whether the coin has a chance of pushing past this volatility and recouping some value.

And according to one expert, Mr Musk is one driving factor behind its growth, but there is another unexpected and more influential pull.

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