Due to the quickness of the bulls and bears, one has to be very careful in the crypto market. The sudden attack of the bears on the market has once again made the market bleed.

Crypto Market got Hit by SpaceX 

     As soon as Elon "Dogefather" Musk's company SpaceX launched Starship's first orbital flight test, there was a brief stir in the crypto market, but the Starship rocket crashed. With this, not only Dogecoin but the entire crypto market collapsed.

Market was already red, but recovering

     The crypto world has been grappling with devastation since the destruction of Luna. There had been signs of a return to green for some time now when Coinbase, troubled by the SEC, suddenly announced its exit from the US, its effect on the crypto market inciting the bears. After this, just as the market was recovering with an increase of about 5% for major coins, SpaceX's failed mission recorded a decline of more than 10% in the crypto.

Shitcoin gained over Memecoin

     It could be believed that Dogecoin would have some gain from this because most of the first attempts have been unsuccessful. Musk also understood that and he did not regret or mourn it, but $DOGE rolled down and a shitcoin $DIONE of the Dione Protocol, which claimed to be associated with this mission, got benefited.