• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

Do you think Elon musk interest in Dogecoin will lift the coin higher??

  • Thread starter Thread starter Sincerem
  • Start date Start date
Apart from Elon musk tweeting about the dogecoin what else has he done to develop and grow the coin? Has he invested in it like he did for Bitcoin?
I think Elon musk is just catching fun and playing, dogecoin is a MemeCoin and it was not created for business or growth or something serious, just for fun that's all.
 
With dogecoin having a place in elon musk agenda the coin will definitely see better days but i am not sure about $1 being feasible. The infinite supply of the tokens is the only donwside to the potential of the coin hitting a dollar.
I think the company will definitely adopt another omcoin rather than doge.
[automerge]1613222918[/automerge]
With dogecoin having a place in elon musk agenda the coin will definitely see better days but i am not sure about $1 being feasible. The infinite supply of the tokens is the only donwside to the potential of the coin hitting a dollar.
I think the company will definitely adopt another omcoin rather than doge.
 
The price of crypto currencies is impacted by demand and supply, when there is more demand, it creates an influx and eventually leads to riseof crypto currencies so Elon decision to invest in Bitcoin should increase it's price.
 
Doge has seen the new trend ever since Elon Musk joined in investing in it. The price went high the same week he invested in it. Though the price has dropped now but I am sure it is one of the future coins.
 
Yes is the answer, his interest will definitely lift the coin, besides dogecoin is an old coin, it's been there for years and years gone pass, and you know the secret of crypto currency is that once a Rich my invest on it, you will definitely see the coin skyrocketing.
 
ronaldlorenzo01 said:
There is a big chance that Ellon Musk will make the dodge coin rise up. If Ellon Musk invested for sure lots of people out there will follow. Because it is not easy for someone to invest when there is no future in it. The risk is very high and it is very difficult to trust now.
Click to expand...
I agree with you. With such an influential person investing in a coin there are many that will take it as a very good sign and will see the potential that the coin has and in turn that will allow them to invest as well which will drive the price up even further.
 
I am not following Doge coin properly however, what I know is last time when the price went up it was due to Musk promoting doge through his tweets. reddit is also promoting doge
 
Given that one Dogecoin was less than a cent at the start of the year, the increase is amazing. It reached a high of 7.5 cents before dropping to 2.5 cents. Dogecoin has spent the last few months fluctuating between three and seven cents. On Sunday, however, the cryptocurrency received another boost as its price started to rise again, eventually breaking through the 10-cent barrier.
 
I don't think a single man can make or break crypto currency price. You might see like Musk promoting doge is lifting the price but that is just a temporary price lift.
 
Elon Musk being a popular figure in the society has always had his tweet about dogecoin raise the price of dogecoin to high value . Presently dogecoin rose high within the past few days because of his tweets
 
Yes I think Elon musk interest on Dogecoin will lift the price of then Dogecoin. This is because he's very popular and many people believe in him
 
Elon musk has not only made an influence in price of Doge coin but also in Bitcoin. His interest in Doge coin is also making a lot of people to invest their money in dogecoin since it's relatively cheap at the moment.
 
There is a whole community of Redditor, and not just Elon Musk and Snoop Dog, promoting dogecoin. Things like these might help doge go up but ultimately, it should be accepted by investors.
 
Certainly. Elon Musk is a very influential person and if he has interest in Dogecoin, then watch the coin rise so high
 
I think Elon musk's interest in dogecoin will have impact in the increase of value of the digital coin. The more finances invested in the coin can boost its rates.
 
Elon Musk interest in dogecoin is attracting investors to the coin and it will continue to do so. The coin has risen 88% this week
 
It is the interest of Elon Musk in dogecoin that is making most people to invest in it. He really influence the investment of dogecoin. The fear I have is that, what will happen to dogecoin if he stop promoting it the way he has been doing of recent? Will people still believe in the dogecoin project.
 
Sincerem said:
We've already known by now that Elon Musk is part of dogecoin community and piloting dogecoin to go extra highs in the crypto market. All eyes is on the coin making that long awaiting transition into the top 5 best coin in the crypto world. Dogecoin is currently worth $0.07 per token. It increased higher after the news that Elon is pioneering the transition of the coin he owns with other stake holders.

Do you think that now Elon musk is behind the coin, that it will improve overall??
Click to expand...
Elon musk is only doing us best to promote or market the coin since he also invest into it,just for a period of time the coin might rise up but if care is not taking the coin might actually fall back to is normal level I guess.
 
It is true that ellon musk is a part of the Dogecoin family. But it also possible that his presence will lift that coin up a great deal because it actually lifted it up a short time to about $0.36 or so
 
Bookwormlux said:
Elon musk has not only made an influence in price of Doge coin but also in Bitcoin. His interest in Doge coin is also making a lot of people to invest their money in dogecoin since it's relatively cheap at the moment.
Click to expand...
Yeah, he's really an influential cog in the Bitcoin, dogecoin progress. He has pictured himself being a lover of Bitcoin that's why he invested heavily around the coin through his Tesla motors company. DOGE is rising up its because of same one man, Doge will surely reach that $1 mark.
 
You must log in or register to reply here.
Back
Top