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Reaching the $1 Mark isn't the problem, the main thing is for Doge to have a consistent rise in its price. Most of the times, it pumps and then drops drastically again.
The fact that elon musk invested in dogecoin makes dogecoin more popular and its getting recognition throughout the world, people are monitoring dogecoin to see if they can invest or not.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??
Yeah, had it not been that he never invested some amount of money at dogecoin and promoting it very high, the coin wouldn't have achieved this high price value at the moment. Elon musk is the engine room behind dogecoin progress.The fact that elon musk invested in dogecoin makes dogecoin more popular and its getting recognition throughout the world, people are monitoring dogecoin to see if they can invest or not.
I think its best you follow your dogecoin prediction by investing reasonably now into it to earn future rewards as the coin climbs. I have some dogecoin in my wallet at binance, I'll be adding more to it and allow it for one year, and see what happens around it.Of course, it will influence the coin in a positive way. Dogecoin has been growing ever since he invested in it. By this time next year, it would have been over 100% worth more.
Lol. That has been the norm of Cryptocurrency they can fall and rise. We can still see dogecoin falling but at the meantime it is set to move up high.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.
I think that with dogecoin and elon musk being in full support of the coin that the price of the coin will steadily rise. Especially since now he has taken the effort in order to try and develop the coin further as well.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??
Yes, Elon musk influence have put the coin in a high level. The coins in the market might just be bouncing off from the recent bearish run. But DOGE hasn't done badly since elon musk took over it. Remember the coin started from $0.03 when Elon musk took over. But currently it is at $0.34, after reaching all-time high of $0.67.I think that with dogecoin and elon musk being in full support of the coin that the price of the coin will steadily rise. Especially since now he has taken the effort in order to try and develop the coin further as well.
The one thing that actually confused me quite a bit with dogecoin was that there was so much hype about the coin leading up to his presence on snl and even after mentioning it in his monologue there was a massive drop in the price. Why do you think this happened?Yes, Elon musk influence have put the coin in a high level. The coins in the market might just be bouncing off from the recent bearish run. But DOGE hasn't done badly since elon musk took over it. Remember the coin started from $0.03 when Elon musk took over. But currently it is at $0.34, after reaching all-time high of $0.67.
This kind of scenario of price drop down happened to all the coins generally in the market. Their is no exemption, it came as a result of the Chinese government banning crypto in their country. Making more unbearable, cos more miners came from China. That slowed down the mining and production of the coins, cos mining took a dip when the pronouncement of the ban took place.The one thing that actually confused me quite a bit with dogecoin was that there was so much hype about the coin leading up to his presence on snl and even after mentioning it in his monologue there was a massive drop in the price. Why do you think this happened?
That's right. He truly wants to see his own dogecoin climb so high both in price and also in marketcap. I just wish his influence will take it past $2 this year. Then you should know that, Elon musk us set to empower prople again becoming dogecoin millionaires.it did already actually, and he is planning to send a Rocket to the pause holding Dogecoin's flag, he also abandoned Bitcoin so he should be focusing on Doge
He is a very big investor in the coin and I think with his interest in dogecoin it will definitely give this coin edge in the marketNot really, his interest on BTC didn't have a huge impact as expected. And the fact that BTC has dropped been with his investment, means it is very independent of his opinion. But i agree that he has a say on the trends. Especially for Altcoins.
I heard that he has withdrawn from promoting Bitcoin, and also he has withdrawn his invested Tesla motors company funds from BTC. Is that true or false??Not really, his interest on BTC didn't have a huge impact as expected. And the fact that BTC has dropped been with his investment, means it is very independent of his opinion. But i agree that he has a say on the trends. Especially for Altcoins.