Topic: If Musk doesn't tweet Dogecoin, can it still soar? - page 7. (Read 3150 times)

I think it is gonna be a different path if Elon Musk doesn't tweet about the DOGE coin, I mean if your a DOGE coin holder and you do your research about DOGE coin you know that it is just a meme coin and Elon musk is a big part of the coin and probably the best thing that happened, I mean the founder doesn't even believe on it anymore because he knows that it doesn't have any utility.

Probably it might pump a little in the altcoin season but if the big pump of Elon doesn't happen I don't think it will be the DOGE coin that it is today, I mean a lot of DOGE coin believed that dogecoin will be used as a currency of Elon musk meaning Elon musk is giving DOGE coin the utility like for example when buying a Tesla.

A lot of meme coin is popping up just because of the success of this DOGE coin, and thinking that crypto doesn't really need a utility, what it needs is a community just like what DOGE coin has.

It won't be the same as before and even if Elon keeps on tweeting about the development of it. People are now scared of what he's doing in the market.
The market is tanking although Dogecoin is included on it, the market keeps on dropping due to his tweets again and as well as there might be whales who have been selling because of him.

Doge will not be the same as it is now. Coins with a specific goal and no real intention would not be able to fly without help. We'll see that there are several coins that look like doge, but are they identical? As a result, elon musk plays an important role in the doge pump; if he loses confidence, the doge can return to its original location.

yes, but there are many of them did not succeed in making Doge Pump, only Elon Musk was able to do that because indeed Elon Musk followers are mostly billionaires, so it is very easy to play with money and market manipulation

Dogecoin would have still soared without Elon Musk, but definitely not this much. A lot of manipulation is going on with shitcoins such as Doge. And many of them would have naturally gone up thanks to the bull run with Bitcoin. But Doge has gone up a lot even compared to the other shitcoins and the primary reason for that is Elon Musk. And let me remind you that Elon wasn't the only celebrity promoting Dogecoin. There were a bunch of others, such as Mia Khalifa, Jake Paul, Snoop Dogg and Mark Cuban.

Yep, Elon is very obvious about trolling on his twitter. Moreover, there are several wallets that have a very large number of doge coins. if they decide to sell it, it is certain that the market situation will turn into a bad or not favourable. because doge's price was heavily influenced by Elon's tweets, and that is a fact

The pump is the Doge market is because of the hype given by Elon Musk but you cannot say that Dogecoin is useless when it is used by many to gamble and many gambling sites and casino accepts Dogecoin and when you are planning to wage for a low valuation it was the go to coin for many like me and you do not need Tesla to accept Doge to become popular as it is much popular than thousands of other coins in the market .

There is no use case of dogecoin unless elon musk start accepting it for the tesla.
The reason for the dogecoin pump is only elon musk. If he stop shilling this coin, we may see this coin die within no time.

DOGE uptrend journey will end soon, we are already seeing some decline of price in the past few days, the $1 prediction is not likely to happen anymore and it looks like anytime DOGE will be below $ 0.1.. It's correct that we can't assure of its price but it's pretty obvious that DOGE is just hype, hence it's overvalued and when an asset is overvalued, it will drop because of the price correction, that's pretty basic.

Nothing is assured but those things you had said can really happen and when those big players will be leaving in Doge then for sure a big red long candle will occur.

Feel sorry to those who got in into the peak and make themselves get caught and lost up their investment but well, everything is still unsure because
whom do thought that this meme coin did really make up this high?

Indeed, when Elon quits pumping doge, I believe doge will come to an end, because when the major player behind the doge pump quits, the person behind him who is his fan will also cease, and odds are doge will crash and return to being a meme currency, like it has in the past.

What partnership you are talking about, he is trolling the market and the investors are finding this as an opportunity to pump the coin, all you need to remember is that the market will come down crash and hence be careful whenever he tweets about it. I think the coin has reached its all time high valuation and there is no way it will move further.
So anyone planning to invest now should do so considering the high risk.

Fact is he doesn't stop tweeting and now even announced a collaboration with DOGE developers. It depends on what he tweets and now that he announced a partnership I think a lot of investors hold their breath until they might reveal quite the surprise. For so long most of them will hold their DOGE.

Dogecoin's uptrend in price is directly linked to Elon Musk's behavior across social media platforms. The moment Mr. Musk stops tweeting about Dogecoin, prices will go down the drain faster than you could've ever imagined. The hype will certainly fade away as people will look for the next big thing in crypto. The question is when will this happen? Given that crypto land is highly uncertain, we cannot tell when the DOGE hype will fade away. It could last months or even years before people lose interest into Dogecoin. One way or another, the cryptocurrency will decline in price because of the way it was designed. Inflation is what'll kill Dogecoin in the long run (unless developers fix this problem).

Nonetheless, there are far better cryptocurrencies out there which are faster, and cheaper to use than Dogecoin itself. I've said this many times. People are ignorant as they're only focused on getting rich in the least time possible. They're not thinking on the coin's fundamentals or real use cases for the mainstream world. How far the "meme" coin will go will greatly depend on people's support towards it. Prices will decline for sure, but the project will stay alive thanks to its decentralized and open source nature. And that's what really matters. Just my opinion

He changes his mind on a daily basis almost. All these tweets sometimes it is very difficult to take him seriously. But yes he does have a lot of influence. How could he not? If any mogul comes and says hey I push this coin the herd will go crazy and buy it. Would be the same for Amazon and Jeff Bezos if they supported Dogecoin.

As we can see, in spite of everything, he makes unexpected actions. Why do you think Tesla is expensive? Many can afford to buy, this is an ordinary car and it is inexpensive, and if it is available in dogecoins, it will provoke a pump.

It was Elon Musk who launched the animal coin investment movement in the crypto community. We have seen an increase in the value of DOGE and a slew of dog-related cryptocurrencies, we now see SHIBA tokens on most major cryptocurrency exchanges.

If one day Elon Musk no longer do tweets about DOGE or other new crypto tweets, maybe DOGE will drop in price along with other animal tokens. The value of DOGE now is the result of Elon's tweets and the FOMO of the community.

So in my opinion, Elon Musk's support certainly has an effect on the current increase in Dogecoin prices, because in addition to providing support, Elon Musk has also invested a large amount, so that the price of Dogecoin has also risen high.
Currently there is only one Dogecoin, apart from that it is a shitcoin which resembles Dogecoin

No matter what Elon do with dogecoin,  dogecoin will remain fun meme coin to me!  I have enjoyed the community behind dogecoin for several years and all the events and social gathering that we had will always be cherished memories!  As for Elon,  I do not know his motives for promoting dogecoin.  However,  his effort has made me very rich!

Elon tweeted today that he will accept what he did with bitcoin, namely, dogecoin payment for buying tesla. There is no such thing yet, I think it will not happen. Elon has loads of dogeceoin and wants to raise the price of them.