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

  • Thread starter Thread starter Sincerem
  • Start date Start date
The ongoing bear market is bigger than what Elon musk think. He's not the one influencing the dip around Cryptocurrency, rather Chinese ban is doing the harm. It has brought down his DOGE almost -200% in price since it started.
 
First of all the coin has so much maximum supply and it might be difficult for it to reach a reasonable price,since Elon musk is the one that is hyping dogecoin, it is possible that the cryptocurrency can go to a higher level but not all that.
 
Dowenship said:
But its already becoming nuisance of him, fact is sooner or later his tweet won't matter any more because then probably traders and investors will start ignoring him.
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The Time would come when many traders learn to understand the fundamental techniques and analysis behind crypto currencies so they don't lose relying on people like Elon musk.
 
Sheyemanu said:
Concerning your question on if the cryptocurrency dodge will still rise, I would say yes I do think dogecoin will still rise. The effect of elon musk on the coin is still on it. The currenet price is the best to buy and keep it for few months because it always rise . It's very famous coin and most of exchanges sites has doge pair so yeah i think it has i bright future always. Could reach $1 at the end of the year
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Would you still say the same now that after elon has appraised doge coin it has increased and now it has fallen dramatically and elon isn't really saying much about it.
 
Elon musk is never considering others, but pursuing his selfish interest. At the moment he's is promoting Shiba Inu and many people are buying it without thinking.
 
The dogecoin is currently enjoying the backing of the SpaceX billionaire, Elon Musk. His tweets suggest that he is likely to accept dogecoin into the SpaceX project . Considering his influence, the price of the dogecoin quickly increase following his tweet.
 
I believe that Elon Musk will key in fully into dogecoin when the top whales who have large amount of dogecoin sells atleast up to 50 percent of their hodl . He believes that such whales won't allow him to invest in the coin
 
Elon musk is the reason why Dogecoin is gaining ground among the investors. People are making move to have the coin since there is speculation that Musk would buy large chunk of the coin. The same thing happen with Bitcoin.
 
kayode10 said:
Elon musk is the reason why Dogecoin is gaining ground among the investors. People are making move to have the coin since there is speculation that Musk would buy large chunk of the coin. The same thing happen with Bitcoin.
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I agree with you, the influence of Elon Musk is what makes dogecoin to rise up to this level. I really fear for the coin in case Elon Musk no longer promote it like he is currently doing for dogecoin.
 
His interest in the cryptocurrency has already lifted the price of the coin and there are many people who benefited from it. Some people also lost to their money.
 
Dodge coin has a promising future with elon musk making it his agenda the coin that was like 3 months ago was among the top 5 selling and profitable coins and that was because of the influence of el on musk recently so I think it has a promising future and am damn investing in it very soon dodge coin to the moon
 
During the first two months it went as planned, Elon musk influence pushed the coin from zero to reasonable value which attracted lots of high profile investors, but the current bearish run have brought it down to $0.25.
 
Elon musk is the world richest man. He is very interested in dogecoin and that will make dogecoin to increase in price. I think dogecoin is the next Bitcoin. It will take time to increase up to Bitcoin price. But Elon musk will make it increase so high. I think much people that buy dogecoin buys it because of Elon musk
 
Sincerem said:
The ongoing bear market is bigger than what Elon musk think. He's not the one influencing the dip around Cryptocurrency, rather Chinese ban is doing the harm. It has brought down his DOGE almost -200% in price since it started.
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Now you are talking sense about the China's ban. I have read somewhere that China is now strict to arrest those who are still trading in crypto currency. But never think that China will come out with its own crypto, that is a rumor that is funny to me.
 
Alexandoy said:
Now you are talking sense about the China's ban. I have read somewhere that China is now strict to arrest those who are still trading in crypto currency. But never think that China will come out with its own crypto, that is a rumor that is funny to me.
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Laughs, I'm flattered by your commendations. China aren't interested on making their own Cryptocurrency. What they made is digital currency, which is simply representing Yuan in the digital ecosystem.
 
Elon musk's interest on the dogecoin can only move the coin as far as it gets and nothing further. He alone can't influence that coin to suddenly moon just like that.
 
Sincerem said:
Laughs, I'm flattered by your commendations. China aren't interested on making their own Cryptocurrency. What they made is digital currency, which is simply representing Yuan in the digital ecosystem.
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That is correct. Now it is clear that China has its own digital currency which is also Yuan but only in different form. In other words it is like a cheque (bank check) that can be used online for a currency. However, the base currency is still the Yuan that is not affected somehow.
 
Now dogecoin has lowered a lot , around $0.18 per coin which shows Elon Musk has not posted about dogecoin recently on his twitter account. But once he gets active to post about this coin , the price may rise again.
 
Alexandoy said:
That is correct. Now it is clear that China has its own digital currency which is also Yuan but only in different form. In other words it is like a cheque (bank check) that can be used online for a currency. However, the base currency is still the Yuan that is not affected somehow.
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Yes, the digital Yuan isn't going to affect the physical Yuan since its still the same. The only benefit is the digital and physical form of the asset.
 
Personally I believe that that man is capable of anything because what is happening right now with all the cryptocurrency is courtesy of him and what he said on Twitter.
 
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