Elon's D.O.G.E.: A win for Dogecoin?

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: uchegod-21 on November 15, 2024, 05:56:04 PM

That is the market for you. Even if Elon musk comes publicly and state that he no longer has interest or affiliation with dogecoin, it will not stop it from pumping when anything positive happens to Elon musk in the industry.

Elon is the face of doge and the news and knowledge of it only, is enough to move market. We don't need any big chemistry for this to happen.

I wouldn't be surprised if someday Elon Musk gets directly involved in the future development of the Dogecoin project. After all, he's quite fond of the "meme" coin. Being the "Face of DOGE" sure has its benefits. Elon Musk can now manipulate market prices in his favor. Would imagine something bad happening to him in the long run? That would negatively impact market prices in the short term.

If you're smart, you'd take advantage of Elon Musk's moves to either buy or sell Dogecoin. Who knows? You might get rich trading DOGE someday. The beloved "meme" coin might even reach a new ATH if the craze continues. Crypto land behaves in many strange and bizarre ways, so expect the unexpected. Cheesy

nutildah

legendary

Activity: 3010

Merit: 8114

Have you checked the price of DOGE recently? Its already been a major win, and the D.O.G.E. is very real (what a bizarre turn our reality has taken yet it is reality).

(this image isn't 100% real, the stacks of gold Dogecoins have been photoshopped into the picture, lol)

They say Dogecoin doesn't have anything to do with D.O.G.E., yet we at Dogeparty are about to prove why that doesn't have to be the case.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: Abiky on November 15, 2024, 04:13:07 PM

It seems the rumors are true. Donald Trump will be putting Elon Musk in-charge of the Department of Government Efficiency (D.O.G.E.). It aims to slash costs, downsize federal agencies, and more. All for the benefit of the American economy.

Now I'm wondering how will this benefit Dogecoin itself? Perhaps, federal employees will get paid in Dogecoin? Or Dogecoin will be used to pay off the US national debt? I don't get why market prices for Dogecoin are rising, when the Department of Government Efficiency isn't directly related to the "meme" coin. Only the abbreviated term, is an indirect reference to Dogecoin. I'd bet the hype will fade half way during Trump's second term. Don't you think?

Definitely will be, in fact it already is, and we are seeing it change all together, so we shouldn't really be considering that as something that would be unimportant, this means a lot for the crypto world. We will have a cabinet member that is building a position for himself called DOGE, of course it will have a huge impact. Look at the price of doge at the start of this month, and look at it now. DOGE was priced at around 16 cents, which was still up, I mean we were on a bull run, so it actually went from as low as under 10 cents for a long time, to 16 cents until then.

But, since the start of the month, it went from 16 cents to 37 cents, that was all thanks to Elon and I do not think that people could discredit what he has done for it. This is the same coin that was about 6-7 cents at the start of the year, reached a peak of 16 cents, and that's without Elon, then suddenly peaked at 37 cents and this is just the start, reaching a dollar or so wouldn't really be impossible.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Abiky on November 15, 2024, 04:13:07 PM

It seems the rumors are true. Donald Trump will be putting Elon Musk in-charge of the Department of Government Efficiency (D.O.G.E.). It aims to slash costs, downsize federal agencies, and more. All for the benefit of the American economy.

Now I'm wondering how will this benefit Dogecoin itself? Perhaps, federal employees will get paid in Dogecoin? Or Dogecoin will be used to pay off the US national debt? I don't get why market prices for Dogecoin are rising, when the Department of Government Efficiency isn't directly related to the "meme" coin. Only the abbreviated term, is an indirect reference to Dogecoin. I'd bet the hype will fade half way during Trump's second term. Don't you think?

I'd like to know your thoughts. Thank you. Cheesy

Provably it can give benefit to Dogecoins existence. Musk is well known supporter of this coin and if there's something like that happen and that agency will be named similar to DOGE then it somehow expected that this incident will create hype or raise the interest of people to acquire this coin more.

We see that Musk is successful before when hyping up Dogecoin. So provably the incident where it experience to have a bull run might gonna happen again especially if Musk will go back to its old hyping work and try to make people feel more interested to buy and HODL this coin. Let's see what will happen to it when everything happened since this will really give a good break for DOGE.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

Quote from: Abiky on November 15, 2024, 04:13:07 PM

Now I'm wondering how will this benefit Dogecoin itself? Perhaps, federal employees will get paid in Dogecoin? Or Dogecoin will be used to pay off the US national debt? I don't get why market prices for Dogecoin are rising, when the Department of Government Efficiency isn't directly related to the "meme" coin. Only the abbreviated term, is an indirect reference to Dogecoin. I'd bet the hype will fade half way during Trump's second term. Don't you think?

It has nothing to do with Doge coin but as you are aware the Elon had once publically promoted Doge coin and later resulted a big price pump. I am sure the community thought the same this time without realising it is just an abbreviated term. After the major push the coin is now being dumped in the market.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

hype will fade away eventually, but I'd expect doge coin to be at least valued around this market cap, the meme coin is more resilient than what most people think.
when a meme is rising so high, usually if they are good enough to still be relevant in the market, they'd consolidate and retain their valuation, the case of current DOGE rally is just some degens decided to ape into DOGE because why not, would expect a retracement at some point but not too far from current price.

but we all know that DOGE is the most known meme coin it's hard to imagine a scenario where doge just suddenly dumps so hard, they'd always be degen ready to buy the dips.

nelson4lov

hero member

Activity: 2212

Merit: 805

Top Crypto Casino

I'd tell you what — degens don't need much to max bid anything as long as they have a solid reason to. As long the Department of Government Efficiency coins out to DOGE, degens will take it as more than enough reason to buy it. I believe that DOGE coin will have a really strong run this bull market as long as the department that Elon Musk will head will be in the news often and if majority of those news would be possible coverage. It could get while but still very little data available to speculate.

uchegod-21

hero member

Activity: 1134

Merit: 643

BTC, a coin of today and tomorrow.

Quote from: Abiky on November 15, 2024, 04:13:07 PM

It seems the rumors are true. Donald Trump will be putting Elon Musk in-charge of the Department of Government Efficiency (D.O.G.E.). It aims to slash costs, downsize federal agencies, and more. All for the benefit of the American economy.

Now I'm wondering how will this benefit Dogecoin itself? Perhaps, federal employees will get paid in Dogecoin? Or Dogecoin will be used to pay off the US national debt? I don't get why market prices for Dogecoin are rising, when the Department of Government Efficiency isn't directly related to the "meme" coin. Only the abbreviated term, is an indirect reference to Dogecoin. I'd bet the hype will fade half way during Trump's second term. Don't you think?

I'd like to know your thoughts. Thank you. Cheesy

That is the market for you. Even if Elon musk comes publicly and state that he no longer has interest or affiliation with dogecoin, it will not stop it from pumping when anything positive happens to Elon musk in the industry.

Elon is the face of doge and the news and knowledge of it only, is enough to move market. We don't need any big chemistry for this to happen.

Accardo

hero member

Activity: 1274

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Elon is the leader of Doge community and his appointed post has the abbreviation Doge which he indirectly post on social media for users to raise the conversation on Doge coin. Literally, the department has nothing in common with the coin aside the abbreviation and the trend is enough to help doge price increase. However, isn't this Trump's last chance as president?

Orpichukwu

sr. member

Activity: 658

Merit: 387

The internet users most times misinterpret things the way they want them to be. I was in a discussion about this earlier today with a friend, and he was boldly saying that the reason for the new agency name and abbreviations is D.O.G.E. is because Elon is involved and he is the key promoter of Dogecoin, and it's only a matter of time just after the agency has fully been active that many things will change for Dogecoin as it will be used in major areas. All this was said based on assumption because he could not give any resourceful proof to back his claims up.

I'm not surprised that the price of Dogecoin is gradually increasing; they are just all preparing for what they believe will happen, but I don't think Dogecoin is ever going to be used to service debt or on any official USAGE by the department. Aside from the criticism that such could bring to the administration, a sitting president that claims to know the best way to solve the economic problem won't allow that, knowing the implications.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

It seems the rumors are true. Donald Trump will be putting Elon Musk in-charge of the Department of Government Efficiency (D.O.G.E.). It aims to slash costs, downsize federal agencies, and more. All for the benefit of the American economy.

Now I'm wondering how will this benefit Dogecoin itself? Perhaps, federal employees will get paid in Dogecoin? Or Dogecoin will be used to pay off the US national debt? I don't get why market prices for Dogecoin are rising, when the Department of Government Efficiency isn't directly related to the "meme" coin. Only the abbreviated term, is an indirect reference to Dogecoin. I'd bet the hype will fade half way during Trump's second term. Don't you think?

I'd like to know your thoughts. Thank you. Cheesy

Topic: Elon's D.O.G.E.: A win for Dogecoin? (Read 90 times)