Can we see a huge rise in the price of Dogecoin ? - page 4.

serjent05

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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.

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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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Quote from: krishnaverma on November 06, 2022, 05:55:11 AM

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 ?

In the past, Elon Musk was one of the triggers for the very significant Dogecoin pump. So that many Doge holders became rich at that time because they got very high profits, as well as Elon Musk who got quite high profits. We really can't deny that Elon Musk did have a high influence at that time.

But what about this time? Hasn't Elon Mus tried to do some pumping and hype regarding Doge? But it doesn't seem to work as well as it used to. Especially now, investors and people in the crypto world are more familiar with the pump-and-dump mechanism by various parties. So that we become more alert to various possibilities. Btw, regarding Twitter, we sometimes hope that Elon Musk can blow positive news again regarding Doge and also Bitcoin so that the price will increase drastically. However, now it looks like it won't be that easy.

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Quote from: cheezcarls on November 07, 2022, 01:05:15 PM

Quote from: krishnaverma on November 06, 2022, 05:55:11 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 ?

I'm not saying that a huge rise of DOGE may not happen at all, because we all believe that nothing is impossible. But the reality nowadays is that we just simply do not know when that will happen next? Elon Musk have already done that before, but I don't think his next plan of hype won't impact much on DOGE's price anymore. That's just my opinion of course.

Yes! nothing is impossible in crypto space; it always comes with surprises so the possibility of huge rise in price of Dogecoin cannot be ruled out when a Billionaire like Elon Musk is backing it. Fundamentally, Dogecoin is not a very strong project, it is perceived as meme coins which are often pumped and dumped by whales to trap new market entrants so invest what you afford to lose in such projects.

bitkanu

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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.

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Quote from: krishnaverma on November 06, 2022, 05:55:11 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.

He likes memes so it does possible to use his recently bought social media to promote dogecoin or cryptocurrency in general even more.

Quote from: krishnaverma on November 06, 2022, 05:55:11 AM

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 ?

He could make devastating move and the market could react really fast to this. But keep in mind that he also could talk bad things about cryptocurrency in serious or "meme" way and the market also does react to the opposite way than the expected. So, just do your research first and not relying with the influencer's tweets, if you can find some of the opening to trade then go for it but it's your own risk to do so.

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Quote from: alik111 on November 13, 2022, 08:58:11 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 in it. And Elon Musk is also a Dogecoin promoter. So it will pump more in future.

Elon Musk will use his new platform to manipulate coins like Doge and other meme coins again and as long as many investors still follow him, the price could still pump but as for me, this kind of manipulation isn't reliable in the long run. It will be a good chance to take advantage of the price when he releases statements to pump the coin and make a profit from it. But I don't think these meme coins are worth holding for a long-term investment.

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Quote from: cloudfir3e on November 13, 2022, 06:26:51 AM

A significant increase in the price of Dogecoin might happen at some point in time...

This applies to all coins, including meme coins that pump&dump from time to time. The problem is to choose the right price to buy and, accordingly, sell them on time, fixing your profit. Obviously, we can expect the next Doge pump only when the bull market starts.

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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.

irhact

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Quote from: merekamo on November 12, 2022, 11:45:55 PM

Remember, coin memes like Dogecoin were born out of the Elon Musk hype alone. I conclude, the value of a coin is because its value is not hype or something created by someone.

Dogecoin was in existence before Elon musk became the richest man in the world and as this influencers he is now. If Elon musk stop influencing dogecoin, another influencer will step in. Without influencers dogecoin can't pump because it's a coin built on hype. Dogecoin is a meme coin and even if all the utility in the world comes to the ecosystem, it'll still need hype to be pumped. The good thing though is, big influencer love the project because they did have a hand in the success it has become.
The rise of dogecoin wasn't only triggered by Elon musk tweets but the YouTubers spreading the news about this tweets and possible increase in price and with the TikTok challenges all over, all had a hand in the success of dogecoin price increase.

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You cannot trust celebrities about their comments on cryptocurrencies, they use their power and influence to manipulate the market as we have seen clearly in the past. Here DOGE might get an uptick from Musk's promotions if that actually happens via any social media platform. If you see that happening, dont waste time but sell your stash of DOGE or at least a part of it. That is the euphoria time and you would have to take advantage of the public emotion there. When the prices crash again you buy back your share of DOGE from it and then recycle this with Musk's comments every often.

Remember that these pumps will not last long, so you have to be quick and you have to liquidate to a more acceptable currency like fiat or bitcoin gradually.

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A significant increase in the price of Dogecoin might happen at some point in time.
considering that there are still many Dogecoin communities, supporters
even from the world's leading people and billionaires still exist.
Doge's projects are still ongoing, so there is still a high possibility that in the future Dogecoin will experience a large price increase, although not as fast as last year.

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Quote from: vanesha on November 13, 2022, 04:41:18 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, I would not say it was possible but yes, we can't neglect the influence he has in Dogecoin and with his huge number of social media followers and supporters, that certainly give a huge impact on his intention. But for now, it was a mystery - we never know exactly what he is planning with Dogecoin. I found it to be more interesting this time but I spend my money wisely and invest long-term coins, not in shilled ones or in hyped ones.

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Quote from: fzkto on November 13, 2022, 05:14:52 AM

Quote from: fauzan Ichsan on November 13, 2022, 03:57:34 AM

DOGE has long been a well-known coin, like LTC or XMR. All the more so because Elon is the main manipulator. It seems to me that with such a famous patron, DOGE will have a good future. Especially if Twitter makes the use of DOGE more popular. About yesterday's pump, yes, it's definitely not a reversal and probably won't be for a long time.

If talking about the future of doge, I will agree with your thoughts. As long as Elon continues to support doge, the future of doge will grow even stronger. We are in bear season and a lot of crashes are happening making the market extremely bad so don't expect anything from doge but if you really believe in Elon and doge. I believe the next bull season in 2024, once the market recovers and bitcoin hits ATH, the doge will also hit a new ATH. I am also holding some doge for the next bull season Grin

.

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Quote from: fauzan Ichsan on November 13, 2022, 03:57:34 AM

Quote from: fzkto on November 12, 2022, 09:16:26 AM

Quote from: Beparanf on November 12, 2022, 08:56:29 AM

Quote from: ZAINmalik75 on November 12, 2022, 08:50:55 AM

Yeh we can see huges rise in price of dogeCoin and the reason is Elon Musk like we can call them Father of DogeCoin. Because everytime when he tweet about doge we get a huge and huge pump in his price. Recently some blue tick profiles give suggestion to Elon musk to accept Twitter Blue Tick fees in DogeCoin & Elon also show some sign of accepting this suggestions. So in future may be Elon apply this suggestions and accept Doge Coin as payment for Twitter.

Maybe a short term price pump but not the same pump to ATH because Dogecoin has an unlimited supply while most of the small traders is already stucked with there doge coins that bought on high price. Only a bullish announcement that states of limiting the total supply will make dogecoin rise again since meme coin hype is already over.

People is now expecting less of it compared before when Musk first announced his involvement on this project. We all know now the danger on investing on meme coin so less buyer now when the hype happened again.

There are fewer buyers because the market has been bloody for a long time. If the altseason starts again and Musk tweets about DOGE, I'm sure the price will fly to the moon again. By the way, DOGE is showing growth today, unlike other coins. I don't know what it has to do with, but it seems to me that the growth may continue, because now DOGE may have a new implementation on Twitter.

During the bullish season, I think all coins will be bullish following the development of bitcoin, but I don't think it will be as famous as before, because for me, I don't really believe that Ellon will fly Doge again, considering that he will certainly make a profit from his business like yesterday. can make him the richest man. I don't think the current rise is showing a bullish situation, so we shouldn't fall for the bullish trap

DOGE has long been a well-known coin, like LTC or XMR. All the more so because Elon is the main manipulator. It seems to me that with such a famous patron, DOGE will have a good future. Especially if Twitter makes the use of DOGE more popular. About yesterday's pump, yes, it's definitely not a reversal and probably won't be for a long time.

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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.

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Quote from: fzkto on November 12, 2022, 09:16:26 AM

Quote from: Beparanf on November 12, 2022, 08:56:29 AM

Quote from: ZAINmalik75 on November 12, 2022, 08:50:55 AM

Yeh we can see huges rise in price of dogeCoin and the reason is Elon Musk like we can call them Father of DogeCoin. Because everytime when he tweet about doge we get a huge and huge pump in his price. Recently some blue tick profiles give suggestion to Elon musk to accept Twitter Blue Tick fees in DogeCoin & Elon also show some sign of accepting this suggestions. So in future may be Elon apply this suggestions and accept Doge Coin as payment for Twitter.

Maybe a short term price pump but not the same pump to ATH because Dogecoin has an unlimited supply while most of the small traders is already stucked with there doge coins that bought on high price. Only a bullish announcement that states of limiting the total supply will make dogecoin rise again since meme coin hype is already over.

People is now expecting less of it compared before when Musk first announced his involvement on this project. We all know now the danger on investing on meme coin so less buyer now when the hype happened again.

There are fewer buyers because the market has been bloody for a long time. If the altseason starts again and Musk tweets about DOGE, I'm sure the price will fly to the moon again. By the way, DOGE is showing growth today, unlike other coins. I don't know what it has to do with, but it seems to me that the growth may continue, because now DOGE may have a new implementation on Twitter.

During the bullish season, I think all coins will be bullish following the development of bitcoin, but I don't think it will be as famous as before, because for me, I don't really believe that Ellon will fly Doge again, considering that he will certainly make a profit from his business like yesterday. can make him the richest man. I don't think the current rise is showing a bullish situation, so we shouldn't fall for the bullish trap

merekamo

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Maybe some people believe that it is because of the Twitter influence that Elon Musk has. If he recommends something, people will listen. Regardless, it seems that this incident proves that Elon Musk has the power to make or break digital currencies like Dogecoin.

Remember, coin memes like Dogecoin were born out of the Elon Musk hype alone. I conclude, the value of a coin is because its value is not hype or something created by someone.

Yatsan

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If it is possibility in its broadest sense, yes there is a tendency for this token's market value increase especially if its investors managed to bring its name again back to its foot. But since its market price is solely basing on the demand for having no utility, its market price would aso be focusing on popularity (huge amount of popularity) to keep the pain running. Like with what happened this week wherein a tweet triggered an uprise movement. These instances are confusing people somehow because it showed how vulnerable the market price is especially if it is uploaded in a platform wherein it can create an influence. Many investors are still holding on along with the amount they 'partially lend' to this industry the moment they invested to DOGE. Loss however would be temporary if investors would mind selling without analyzing market sutuations., so try not to worry about this coin for the meantime.

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Quote from: Beparanf on November 12, 2022, 08:56:29 AM

Quote from: ZAINmalik75 on November 12, 2022, 08:50:55 AM

Yeh we can see huges rise in price of dogeCoin and the reason is Elon Musk like we can call them Father of DogeCoin. Because everytime when he tweet about doge we get a huge and huge pump in his price. Recently some blue tick profiles give suggestion to Elon musk to accept Twitter Blue Tick fees in DogeCoin & Elon also show some sign of accepting this suggestions. So in future may be Elon apply this suggestions and accept Doge Coin as payment for Twitter.

Maybe a short term price pump but not the same pump to ATH because Dogecoin has an unlimited supply while most of the small traders is already stucked with there doge coins that bought on high price. Only a bullish announcement that states of limiting the total supply will make dogecoin rise again since meme coin hype is already over.

People is now expecting less of it compared before when Musk first announced his involvement on this project. We all know now the danger on investing on meme coin so less buyer now when the hype happened again.

There are fewer buyers because the market has been bloody for a long time. If the altseason starts again and Musk tweets about DOGE, I'm sure the price will fly to the moon again. By the way, DOGE is showing growth today, unlike other coins. I don't know what it has to do with, but it seems to me that the growth may continue, because now DOGE may have a new implementation on Twitter.

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Quote from: ZAINmalik75 on November 12, 2022, 08:50:55 AM

Yeh we can see huges rise in price of dogeCoin and the reason is Elon Musk like we can call them Father of DogeCoin. Because everytime when he tweet about doge we get a huge and huge pump in his price. Recently some blue tick profiles give suggestion to Elon musk to accept Twitter Blue Tick fees in DogeCoin & Elon also show some sign of accepting this suggestions. So in future may be Elon apply this suggestions and accept Doge Coin as payment for Twitter.

Maybe a short term price pump but not the same pump to ATH because Dogecoin has an unlimited supply while most of the small traders is already stucked with there doge coins that bought on high price. Only a bullish announcement that states of limiting the total supply will make dogecoin rise again since meme coin hype is already over.

People is now expecting less of it compared before when Musk first announced his involvement on this project. We all know now the danger on investing on meme coin so less buyer now when the hype happened again.

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