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Topic: Is Dogecoin Dead ? - page 8. (Read 1080 times)

sr. member
Activity: 826
Merit: 460
December 19, 2022, 09:08:25 AM
#5
No, I don't see Twitter having an influence on Dogecoin but Elon Musk does.
Whether he still owns Twitter in the future or not, it was not a factor for Dogecoin to die. And I don't think Dogecoin will simply die for that reason.
Remember that we are in bear season, the entire market is suffering a huge price markdown and Dogecoin had not escaped from it. Yet, it was not how we measure if the project is dying or not because I know that this coin will still survive even without Elon Musk's support
I think dogecoin will be affected by the way Elon moves, maybe if you have a different view and a different way of measuring a project that's normal.
But when it comes to Dogecoin, it has a lot to do with Elon Musk, If Elon Musk has resigned from his post. The Dogecoin Army's aspiration that Dogecoin will be used as a means of payment on Twitter can be destroyed, the plan was traded before the purchase of Twitter so that the last two weeks in November many bought dogecoin.
I think most investors will pay attention to this and withdraw their investment funds.
hero member
Activity: 2772
Merit: 576
December 19, 2022, 08:46:38 AM
#4
I know that Elon did a lot for Dogecoin's price during the bull run but everyone should move on that Elon just did it for the hype. And thinking that every move he does and his companies like Twitter will have an impact to Dogecoin's price, there's no correlation on it.

With the result poll Elon did if he should remain as CEO and will abide to the result of the poll, it seems that he's going to step down as CEO of Twitter if he really mean what he said.

And for the price of Dogecoin, it's survived a lot of tough times even if there's no Elon and hype.
legendary
Activity: 2394
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
December 19, 2022, 07:34:02 AM
#3

Quote
Dogecoin Price Losing the Grip as Elon Musk May Not Remain Twitter CEO for Long!

The Dogecoin price has been trading below the crucial 200-day MA since the beginning of the yearly trade. Meanwhile, the buying volume has fallen heavily. Also Today Elon Musk expressed his willingness to step down as Twitter CEO. He conducted a poll on twitter platform.


The Dogecoin price seems incredibly bearish and if Elon Musk quits as the Twitter CEO, the token may be badly impacted. Earlier Coinpedia made dogecoin price prediction for the end of 2023, as $0.158. But with current news it wants us to rethink and ask – is doge coin dead?

Twitter has no positive correlation with dogecoin's emergence. It was just Elon musk's influence which contributed with the previous uprise on its price.

To answer whether it is dead or not, unfortunately it could be but it can also still recover. That's the problem with tokens having no utilities;they tend to rely solely with demand. So if there are no demand for it, you won't see its market value reaching ceilings. Unlike with utility tokens wherein , its usage could be a factor to catch the interest of investors towards it giving a stronger support for its market value.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
December 19, 2022, 06:52:43 AM
#2
No, I don't see Twitter having an influence on Dogecoin but Elon Musk does.
Whether he still owns Twitter in the future or not, it was not a factor for Dogecoin to die. And I don't think Dogecoin will simply die for that reason.
Remember that we are in bear season, the entire market is suffering a huge price markdown and Dogecoin had not escaped from it. Yet, it was not how we measure if the project is dying or not because I know that this coin will still survive even without Elon Musk's support
newbie
Activity: 22
Merit: 1
December 19, 2022, 06:15:31 AM
#1

Quote
Dogecoin Price Losing the Grip as Elon Musk May Not Remain Twitter CEO for Long!

The Dogecoin price has been trading below the crucial 200-day MA since the beginning of the yearly trade. Meanwhile, the buying volume has fallen heavily. Also Today Elon Musk expressed his willingness to step down as Twitter CEO. He conducted a poll on twitter platform.


The Dogecoin price seems incredibly bearish and if Elon Musk quits as the Twitter CEO, the token may be badly impacted. Earlier Coinpedia made dogecoin price prediction for the end of 2023, as $0.158. But with current news it wants us to rethink and ask – is doge coin dead?
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