Elon Musk’s resignation poll affects the price of DOGE significantly

At the time of writing, DOGE price is standing at $0.0743. While 57.5% of voters agreed with Musk’s resignation poll, 42.5% insisted that he stays in his position, after almost 12 hours and 17 million votes. 

The vote occurs less than two months after Tesla's CEO acquired complete control of the social media company and paid $44 billion for Twitter at the end of October. Mass layoffs and management reorganizations, which were at the top of Musk's goal as he rose through the ranks of the corporation, have already indicated that the takeover will be turbulent.

Ever Since Musk bought Twitter in late October, Dogecoin's value has soared. On October 27, when he formally bought Twitter, Dogecoin was worth $0.07. On November 1st, the coin's price was $0.14, and it has since fluctuated between rising and falling.

Despite Musk's affection for Dogecoin, Tesla has not yet made a purchase of the joke coin and instead has $218 million in Bitcoin on hand.

Elon Musk has frequently used Twitter Polls to gauge public opinion on various Twitter regulations, such as whether to allow previously banned users to reappear and whether he should continue to run the website.

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Musk has been quite vague in his tweets ever since he originally released the poll. He added, “As the saying goes, be careful what you wish, as you might get it,” an hour after the polls opened.

Even earlier, Elon Musk showed his willingness to follow poll results when he recently unbanned former US President Donald Trump after a Twitter vote revealed that the account should be allowed to continue operating.