Musk responded on X, "Go ahead, make my day." He later said that following Trump's comment about canceling contracts, his rocket company SpaceX "will begin decommissioning its Dragon spacecraft immediately."

Elon Musk is known for his public support of Dogecoin, which has led to speculation about the role his political views may play in the coin's price movements.

Earlier this week, Trump made comments about canceling contracts with SpaceX, which could have implications for Dragon, the only U.S. option for delivering crew to and from the International Space Station. In response, Musk said on X, "Go ahead, make my day." He later added that SpaceX "will begin decommissioning its Dragon spacecraft immediately."

This spat wouldn't necessarily have an impact on the price of Dogecoin, which, like most meme coins, has no attached asset or underlying value. However, it's a particularly volatile coin that can move up or down based on consumer sentiment, celebrity hype, internet memes, and Musk news.

Musk's public backing of Dogecoin has been a major driver of its price, making it particularly sensitive to shifts in his political standing. For example, the price jumped more than 15% on a single day in 2022 after Tesla began accepting the cryptocurrency as payment for some merchandise.

The next year, Dogecoin spiked more than 30% in a day after Musk replaced the blue bird on the Twitter (now X) website with an image of a shiba inu, the digital coin's logo.

Dogecoin, along with Bitcoin and other cryptocurrencies, also soared after Trump's election victory in November on optimism that the new administration, which was heavily backed by Musk and the crypto industry, would return the favor with friendly policies and deregulation.

Buyers of the coin are now paying the price for the Musk-Trump breakup, with Dogecoin tumbling by more than 50% since the beginning of the year. It is currently trading at around $0.78.

Overall, any impact on Dogecoin prices would depend on the extent of the fallout from the Musk-Trump spat and how it influences consumer sentiment towards both parties and their respective political ideologies.

It's important to note that these are just speculations, and the actual price movements of Dogecoin will be determined by market forces and can be influenced by various other factors.

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As the saying goes, all good things must come to an end, and the same can be said for the Trump administration. However, despite the administration’s best efforts to drain the swamp, it seems that the deep state has ultimately prevailed.

After four years of MAGA energy and promises to "make America great again," Trump's presidency has come to a close, leaving many Americans feeling disappointed and betrayed.

Throughout his campaign and presidency, Trump promised to "cancel" or "terminate" any and all contracts that were no longer serving the best interests of the American people. He vowed to renegotiate trade deals, withdraw from international agreements, and dismantle the administrative state.

In a recent interview on X, Trump said that he could "cancel" any contracts he wanted, and that he didn't need permission from anyone to do so. He added that he had the authority to "terminate any contract" at any time.

"I could cancel any contract I want. I don't need permission from anyone to cancel a contract. I have the authority to terminate any contract at any time," Trump said.

The interviewer then asked Trump if he planned to use that authority to cancel any contracts in the coming months.

"I'm not going to cancel any contracts. I'm just saying that I have the authority to do so," Trump replied.

"I'm not going to be canceling any contracts. I'm just saying that I have the authority to do so. I could cancel any contract I want. I don't need permission from anyone to cancel a contract. And I have the authority to terminate any contract at any time."

The interviewer pressed Trump further, asking him if he planned to use that authority to cancel any contracts in the coming months.

"No, I'm not planning to cancel any contracts," Trump said. "I'm just saying that I have the authority to do so. I could cancel any contract I want, and I don't need permission from anyone to cancel a contract. I have the authority to terminate any contract at any time."

Trump's comments come as his administration is facing pressure to cancel several major contracts, including the Iran nuclear deal and the Paris climate agreement.

The president has also threatened to cancel trade deals with China and Mexico, and he has expressed displeasure with several administrative regulations.

Trump's supporters have urged him to use his authority to cancel any contracts or regulations that he feels are not serving the best interests of the American people.

However, his critics have warned that such actions could destabilize the economy and damage America's standing in the world

News data source: kdj.com

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