Elon Musk's Move from Crypto to AI Puts Dogecoin Back in the Spotlight

Elon Musk's announcement of his transition from crypto to artificial intelligence (AI) has brought the Dogecoin, the largest and most popular meme coin, back into the spotlight. Dogecoin's price has dropped along with the rest of the crypto market amid regulatory pressure and the implosion of Sam Bankman-Fried's FTX exchange. Investors are likely to retreat to the sidelines until they can ascertain where the crypto market and specifically Dogecoin price is heading. Dogecoin's price stability at $0.074 could greatly be attributed to investors' strong conviction that the meme coin will turn things around. Meanwhile, AI is making headlines with leading tech giants like Microsoft, Google, and Meta rushing to be at the forefront of the wave, Musk reckons that he "used to be in crypto, but now I got interested in AI".