People are getting bored with FOMO tweet created by elon musk. People know if elon is having big bags of doge coin. That's why any tweet created by elon will not give any impact anymore with the doge coin. I should remind you that if these days doge coin is not so volatile caused by it has very big marketcap and big news is the only thing can create FOMO. Elon's tweet didn't create FOMO anymore It's sad to see those who have bought this meme coin at the peak price. Im still waiting what will be gonna do by elon to give utility to the doge coin. The acceptance by tesla for doge coin to buy the tesla mercg didn't create a lot of differences.
You must remember that this coin has infinite supply even if the block generation is getting limited.
Topic: A quick question!! (Read 453 times)
Elon Musk influence on Dogecoins seems to have dropped, why ?
It dropped due to fud and other competition fud, many people used to believed that dogecoins was strongly backed up by Elon, unfortunately negative news and other different bad ideas poisoned the mindset of holders. Basically, that's a huge factor why this current situation begun to outburst in line with Bitcoin's huge fall from $60k down to nearly $30k starting 2022.
You don't need a FUD for Dogecoin's price to drop. It is enough for people to educate themselves and find out why the Dogecoin price was rising. Of course, Elon Musk was pumping up the DOGE price with his tweets about it. Whenever the price is pumped it has to drop eventually. It's just a natural process that happens with every coin or product that is hyped.
Elon Musk influence on Dogecoins seems to have dropped, why ?
It dropped due to fud and other competition fud, many people used to believed that dogecoins was strongly backed up by Elon, unfortunately negative news and other different bad ideas poisoned the mindset of holders. Basically, that's a huge factor why this current situation begun to outburst in line with Bitcoin's huge fall from $60k down to nearly $30k starting 2022.
right now a lot of people are disappointed with meme coins especially with dogecoin, because the price has fallen very deep and so far there are no signs of going up again, I think this is why crypto users don't respect Elon Must anymore, especially with his tweets on Twitter , now everyone knows that Elon used Dogecoin to attract the attention of his company Tesla, where he made transactions using Dogecoin only temporarily time.
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Frustrated and lost cash makes financial backers more intelligent nowadays. Yet, he helped spread the word about cryptographic money however so that is as yet something of a decent impact. Market isn't on great shape and still on skirt of promising and less promising times. So its not unexpected that doge cannot offset the red market. Without a doubt doge siphoned a piece however that is an ordinary development since there is a declaration.
After the lost of many users from Dogecoin, they were expecting get to 1$ but it ends dropping down. That is a total disappointment from his followers and they found him not accountable to his words and after which there were lots rejection in the market.
I don't follow his tweets anymore.
I don't follow his tweets anymore.
Elon Musk is still a big character and Elon Musk's character is not because of Dogecoin. It's just that some people know him through Dogecoin. I think many people can feel that Dogecoin is not a coin that is able to provide profits or price explosions like it used to be. Dogecoin is just a meme coin that will never be the same as other coins.
Maybe he is no longer affected because he can only make jokes to attract attention to his tesla company, and make transactions using bitcoin only last a moment and now have used dogecoin but not so influential on the current price, and this also affects the value of the coin that is experiencing a decline and we just wait for a surprise for the future.
Indeed, for now the movement of dogecoin has weakened even at a time when bitcoin is increasing but the value of dogekoin can not increase as we expect even though Elon Musk has made transactions using dogekoin in his tesla company, I think this all happens because investors are not interested in what he makes on twitter because he thinks this is only a personal interest to attract attention in his company.
It is weakened because of the correction. Weakened because people have woke up from the truth that Elon Musk is only using them, weakened because the era of meme coins are now over, right now its now the era of nft's and metaverses.I do not know if that rumoured is true that Elon adds doge as one of the payment method for tesla but if ever that is, true I do not think dogecoin is serious enough for people to use it when they buy a car or we do not know maybe dogecoin was already remove just like what happen with bitcoin before, you know Elon, he changes his mind easily. That also makes the dogecoin weaker.
No effect on Mr. Elon Musk. Elon Musk is a person who has influenced the Crypto room if we browse further. Of course Dogecoin is lucky to have a figure of Mr. Elon Musk in it who idolized Dogecoin so that Dogecoin was famous for the market from worthless so it could be valuable.
On the one hand, yes, it must be acknowledged by many people, especially Elon Musk who has also said that Dogecoin can be used for Tesla payments if someone wants to buy a Tesla, but if you look in more detail at market conditions, Dogecoin has to fight harder in order to achieve this stay in a good position and also at a better value than now.that's Elon Musk. a person who really idolizes Dogecoin and of course Dogecoin will lose its influence without an EM figure.
Awareness of investors and traders makes their trust in Elon Musk decline. Many investors consider every recent tweet from Elon Musk, because so many investors lost after reading Elon Musk tweet on Twitter. Some investors say Elon Musk is a genius, because tweets from Elon Musk often cause price swings of crypto assets to move wildly, as happened to Doge and Shiba. Meanwhile, some say Elon Musk is "useless" because he has made them lose a lot of money.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Tell me what coin or token that hasn't taken a beaten? Did you bother to check how even Bitcoin has plummeted to 50%? I think the market is going through a major correction and it shouldn't be seen as only a Dogecoin disappointment thing. When the market is dipping, fearful investors don't want to listen to motivational speakers (we can put Elon in that category). 
Indeed, for now the movement of dogecoin has weakened even at a time when bitcoin is increasing but the value of dogekoin can not increase as we expect even though Elon Musk has made transactions using dogekoin in his tesla company, I think this all happens because investors are not interested in what he makes on twitter because he thinks this is only a personal interest to attract attention in his company.
down to 0.18 because tesla merch is for a select few. no one cares about tesla merch. doge is a silly meme token and not amount of influance peddling will cause it to sour same fot that other shit token shiba inu.
It looks like it will be a little different between Dogecoin and Shiba Inu because Dogecoin is a meme coin that has been circulating in the crypto space for a long time although there is not much influence from it now, but for Shiba Inu it is just a meme token that is worse than Dogecoin so for its appeal and durability it is still very doubtful for the future. 
Elon Musk influence on Dogecoins seems to have dropped, why ?
Elon has his own plan to say about Dogecoin and many people's beliefs on them. But I do not think Elon can always do that as the public knows his secret plan. People need to be wise when they read about Elon's tweets and check for the other news to avoid getting into the trap. If people just follow without searching for more, they will regret it as they will not know the truth. If people can realize and have more info about what he says, they will not easily follow Elon and leave Elon.
No effect on Mr. Elon Musk. Elon Musk is a person who has influenced the Crypto room if we browse further. Of course Dogecoin is lucky to have a figure of Mr. Elon Musk in it who idolized Dogecoin so that Dogecoin was famous for the market from worthless so it could be valuable.
Elon Musk has dominance in the Doge price movement. Because when he make a post on Twitter then we see price increased and it’s happened a several time. Although i have seen in someone a tweeted where Elon Musk replied he has nothing hold with Shiba Inu but we don’t know whether he told the truth or not.
Don't also overestimate his influence on the price movement of DOGE. There used to be a time that one tweet of Musk about DOGE, gave a price increase of 30-40% but nowadays this isn't really the case; guess people are already used to see Musk tweeting about crypto.
Elon Musk influence on Dogecoins seems to have dropped, why ?
Did you thought that such influence would last forever? Why did you thought something like that? Many people revere Elon Musk in the same way they revered Steve Jobs, but he is a businessman and nothing more, people have realized that almost any comment that he makes about dogecoin is not really an implicit support for the coin but an attempt to manipulate the market, and when that is the case people make what they can to resist the influence of the one trying to make them to take decisions that go against their own self-interests.Or people are just realizing that they need tangible actions not only pure talk.
With several tweets towards doge and the hope of collaborating with doge for its network improvement, people are expecting something will happen.
But only tweets so far, we haven't seen results yet of those supposedly collaboration.
So the enthusiasm is waning as we are not seeing concrete plans here.
It may have big influence in the first few tweets, but as day goes by, people are getting the point already.
Elon Musk influence on Dogecoins seems to have dropped, why ?
It doesn't have to do with people now realizing something or what etc.
It's because influence alone isn't enough to maintain the hype. If there's no attempt to pump the price, others will not follow. People don't rely on being influenced by someone as long as the coin is creating hype or building momentum.
Believe me, when Elon started again to hype Doge and trigger another pump starting by those whales, it will bring another FOMO to the majority of the people.
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