Can we see a huge rise in the price of Dogecoin ? - page 3.

ichsan ardi

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Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

it's possible for me that elon musk pushes the price of doge by using his twitter ownership not only twitter maybe elon musk uses doge for tesla payments which he has already planned. but we can't rely on elon musk even though he is a very influential person in our world always analysis and research first because the crypto market is very dynamic.

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Elon could have used his Twitter ownership to drive Dogecoin's price, which would have been easy for him. And without the pumps or tweets that people like Elon are doing, I think it would be very difficult for Dogecoin to go as high as it did before. Maybe Elon is planning something for Dogecoin, but it looks like Elon is also paying great attention to other coins like Shiba. If you want to bet with Dogecoin, I think you should only use the money you can afford because we don't know when Dogecoin will increase and what the highest price will be. But we shouldn't rely on Elon because there are many other potential coins that we can choose to make a profit.

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Quote from: asrinur on March 07, 2023, 06:45:55 AM

No one can predict with certainty the large increase in the price of Dogecoin. Even though Elon Musk is a supporter of Dogecoin, we never know what his plans are going forward. Moreover, Elon Musk has caused a lot of controversy on Twitter, so it is difficult to predict what plans will be carried out in the future with Dogecoin.

I think the support of Elon Musk is largely out of the equation within the Dogecoin hodlers,they are keeping the coin as they most likely found their way sucked in after the first support of Elon Musk which truly gave Dogecoin back then a huge increase in price and many people who were holding such coins for fun,found themselves overnight millionaires and that is why this coin is still popular.

New people seeing those persons make a fortune thought that they can do it too and started investing in Dogecoin by accumulating a lot of it.The price though now remains in the hands of fate/luck as we don't know how it will be,but I have hopes that the next bull run can make this coin go to 1 as it was to 0.70 in the last all time high.

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Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

Before investing in Dogecoin or any other cryptocurrency, it is crucial to do your own research and assess your risk tolerance. You should never invest more than you can afford to lose and always consider diversifying your portfolio.
I am agree with you Elon Musk has promoted Dogecoin on several occasions and has caused fluctuations in the price of different cryptocurrencies through his Twitter account but, it is important to note that Musk's tweets should not be considered as a guarantee of long-term price stability or success. While Musk's tweets can have a short-term impact on the market

asrinur

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No one can predict with certainty the large increase in the price of Dogecoin. Even though Elon Musk is a supporter of Dogecoin, we never know what his plans are going forward. Moreover, Elon Musk has caused a lot of controversy on Twitter, so it is difficult to predict what plans will be carried out in the future with Dogecoin.

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Quote from: Hildentine on December 09, 2022, 01:48:28 AM

In this case i said that its possible we see huge pump in Dogecoin because the supporter of Dogecoin is very strong and they work very hard so its high chance Dogecoin pump soon and the Elon musk already say that they work on Dogecoin and he is interested in this coin and many people hear this news so they invest in this coin so its possible we see the huge pump.

They are not working hard, they are just waiting for Elon Musk to hype this project again but I doubt if this will happen.
Though I know that Dogecoin still gains support from some investors, however, it was not the only thing we consider to see the price will pump high.

Did Dogecoin place some significant role in the market? Well, I don't think so and this is one reason why many investors neglect to support this project. But on the other side, I'd never think this coin will die and of course, price increase is also possible during Bullrun but not like those days where Elon Musk shilled it.

Hildentine

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In this case i said that its possible we see huge pump in Dogecoin because the supporter of Dogecoin is very strong and they work very hard so its high chance Dogecoin pump soon and the Elon musk already say that they work on Dogecoin and he is interested in this coin and many people hear this news so they invest in this coin so its possible we see the huge pump.

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Quote from: mich on December 07, 2022, 03:03:12 AM

I think I’ve officially changed my tune on Doge coin. I never took Doge that seriously in the past because of its origins as a meme coin. However, when the richest man in the world supports a coin and has consistently been championing it I have been reconsidering.

I’ve been following Doge now and am definitely looking for a good entry point. I have some fiat and I think I’m going to diversify and pick some up. I have to admit at the end of the day Musk’s endorsement means a lot to me.

You are a bit too late if you are going to start caring about it now because of Elon, I mean he showed interest a year or so ago, and even before that, but now he hasn't shown any interest in it for a long time.

In fact, dude is interested in twitter so much that I am not even sure if Tesla or SpaceX is getting the same amount of attention. Obviously "he" owns twitter, not a huge group, whereas he owns only a part of Tesla and that could be the reason. All in all there is nothing on his plate about dogecoin at all, we should not be expecting him to pump it up. And that is the main problem isn't it? Investing into something with hopes that someone famous would tweet about it.

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Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ?

Yes, that's possible. Elon musk already marked as a promoter of Dogecoin ever since before he claims Twitter, he'd promote other cryptocurrency besides Dogecoin because he has power to do so. But how does people react into this? That's a different question to ask as it may differ between each crypto he decides to promote.

Quote from: krishnaverma on November 06, 2022, 04:55:11 AM

Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later?

I don't recommend that ever. You could buy it at the time Elon announces something Dogecoin if you know about the RISK but still most of the people doesn't want to take a risk because of meme coins.

Semar Mesem

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Doge has always made surprises since Elon Musk invested in Doge, before Doge could be said to be almost dead because he was ranked below 100, but after Elon Musk actively invested in Doge, everything changed drastically, I also invested in Doge and its current value is around $372, the last time I bought it a few days ago when the price was 9 cents, and of course I will sell when it is at least 100% profit.

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I think I’ve officially changed my tune on Doge coin. I never took Doge that seriously in the past because of its origins as a meme coin. However, when the richest man in the world supports a coin and has consistently been championing it I have been reconsidering.

I’ve been following Doge now and am definitely looking for a good entry point. I have some fiat and I think I’m going to diversify and pick some up. I have to admit at the end of the day Musk’s endorsement means a lot to me.

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Quote from: BD Crypto on November 27, 2022, 09:50:35 AM

I am sure about Dogecoin that it will have t new all time high when it will be manipulated by crypto influencers. So elong musk can again influence Dogecoin and it will obviously happen as it happened several time. So we can hold some Dogecoin early. It will make us surely a good profit.

Well, what happened once can happen again. Elon with his deep pocket and his army of faithful followers can move mountains as we could see. But it's still gambling, will they pay attention to Doge again? Maybe they will move to some other coin?

Anyway, I wouldn't dare to invest more than I can truly afford to lose in this case. I wouldn't be surprised if we see Doge at the new ATH, that can happen, but what are the odds?

BD Crypto

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I am sure about Dogecoin that it will have t new all time high when it will be manipulated by crypto influencers. So elong musk can again influence Dogecoin and it will obviously happen as it happened several time. So we can hold some Dogecoin early. It will make us surely a good profit.

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Quote from: alik111 on November 13, 2022, 07:58:11 AM

Dogecoin is already a much popular and huge potential coin. And it has a huge possibility to pump hard like before. So anyone should invest for time on it. And Elon Musk is also a Dogecoin promoter. So it will pump more in future.

Just like you can talk about any coin being a popular and potentially good coin, it does not prove a thing. You would have to back it with evidence meaning charts that show the gradual growth and use of doge as compared to other currencies.

Just because a celeb promotes it does not mean its growth is natural. Today nobody can predict what can happen to a person tomorrow. God forbid but maybe one fine day you will find your fav celeb dumping their coins and moving to something new leaving you hanging. Creating fake demand on the crypto market is easy for influential people but how to handle that to make money is another ballgame.

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Quote from: vanesha on November 13, 2022, 03:41:18 AM

it should be very possible that even if it doesn't have a big impact like Elon Musk initially entered crypto but at least Elon Musk still has a lot of followers and is known as the richest man in the world. There will definitely be an impact on the doge coin it supports.

well seeing that this meme coin could easily rise at the very small gesture coming out from elon i'm sure he could increase the value of this coin quite easily, simply integrates this coin in his twitter platform it would score yet even higher all time high, but the thing is, I think doge coin value is already too high, there's need for money to be coming from somewhere and I'm sure everyone that tries to accumulate this meme coin gonna rethink twice.

lalabotax

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Even though Elon Musk is now the owner of Twitter, will it really help Doge to go up and skyrocket again like before? Meanwhile, now more and more people are quite aware of various games of whales and various parties. Because, we could be victims of the game. Indeed, we might also be one of the very lucky people if Doge can return to ATH. But here, it takes a bullish era and is supported by enough breaking news to be able to increase Doge coin a lot.

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Quote from: bitkanu on November 13, 2022, 06:14:41 PM

for this coin to increase in value it definitely requires some news coming from elon in regards of integration towards elon's platform that is twitter, this is like the only way you could increase the value of this coin fastly considering the fact that this coin couldn't make some innovation like shib with its smart contract, literally the only thing that could increase the valuation of this coin is good news.

It must not be news coming from Elon musk, basically anybody with influence can pump dogecoin. For exchange if Facebook wakes up today to declare dogecoin as a coin for their metaverse project, it'll increase the price of dogecoin as people will begin to fomo into the project. I remember before Elon musk came into the spotlight, dogecoin did pump couple of times especially when it got listed on top exchanges or get tweets form famous people.
Elon musk knows dogecoin is a cryptocurency of the people and he wanted to use that to his advantage and it has worked so far for him. He rose from been the wealthiest man on earth to the most influential people in cryptocurrency.

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Quote from: DeathAngel on November 19, 2022, 02:50:14 PM

Doge always seems to ride the wave on every significant, sustained bull wave. I don’t find it to have much utility & will probably never have any great RL use case. It has a lot of followers though, it’s a speculative investment, a shitcoin in every sense of the word but it does seem to do well.

I don’t see any reason why it won’t do well again. I’m not sure if Elon has any juice left in his shilling tank. Maybe he’s done all he can do to pump it now. It might need another catalyst. It can definitely reach new highs in the next bitcoin bull run though.

Yes! It is likely to perform well in the next bull run and may break its previous ATH of 0.64 because it has strong backing of Elon Musk but the question arises when next bull run will happen, now market is in deep crisis & aftershocks of FTX collapse are not over yet. Some analysts are predicting that bearish run will continue till the end of 2022 , market will stabilize in 2023 after new regulation which are likely to be tough, & in 2024 we might see bull run before Bitcoin halving. Let's watch & wait how market plays out in coming weeks and months.

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Doge always seems to ride the wave on every significant, sustained bull wave. I don’t find it to have much utility & will probably never have any great RL use case. It has a lot of followers though, it’s a speculative investment, a shitcoin in every sense of the word but it does seem to do well.

I don’t see any reason why it won’t do well again. I’m not sure if Elon has any juice left in his shilling tank. Maybe he’s done all he can do to pump it now. It might need another catalyst. It can definitely reach new highs in the next bitcoin bull run though.

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Dogecoin is currently overpriced. So I do not think that we will be seeing a huge increase on its market price. I believe this time the dogecoin market needs more than Elon Musk's hype. I need real-life applications and coin development.

Quote from: ?? on ??

Yes Elon Musk is a big supporter of Dogecoin. Due to Elon Musk Dogecoin price will be rise up also everyone get profit from this rising. In Twitter, Elon musk make tweet about Dogecoin then its price will be pump after few days.

There is always this thing called the law of diminishing returns. eventually, Elon Musk's tweets will become ineffective just like what happened to the influence of Mcafee.

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