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

  • Thread starter Thread starter Sincerem
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It manged to lift the coin higher in the beginning, but his charm is not working any more bcause dogecoin has not been able to claim the position it had couple of weeks ago
 
Definitely this is what you get when the person of Elon musk get involve in any investment and his involvment in the promotion of dogecoin has really shown tihis.It has actually elicited a lot of interest from a lot of persons trigering investment in that direction.
 
Oh well, Elon musk input did lift the coin higher and also dropped it again and I don't think there was anything he could do since it was a general fall in the crypto market.
 
Grandeur said:
Oh well, Elon musk input did lift the coin higher and also dropped it again and I don't think there was anything he could do since it was a general fall in the crypto market.
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What is the status of the Doge coin now? Do you really think that Elon Musk is responsible for the increase in price that now Musk had dropped Doge so the price in the market also dropped? There may be other factors that had affected the change in the market price.
 
The price of Doge coin last I checked was around $0.5 and one can't say that a particular factor caused the rise or fall of a coin as there are several factors but Elon was a main factor, his tweets got the coin to rise but then he stopped tweeting and it fell
 
Elon musk influence in the crypto market can do anything.... it can pump and dump a coin... so i believe the effect off soon on doge is real.
 
Since Elon Musk is an influential person, his support for Dogecoin can affect in in a really positive way. However, he is not the only factor that influences the price of Dogecoin. Governements' bans can also affect it in a really negative way.
 
Doge will rise in the next two years, it has potentials and only the foresighted investors will spot it out. That was how bitcoins started, people didn't take it seriously untill it exploded and gain momentum, now it is the number one crypto currency so far.
 
Elon Musk has invested in dogecoin. We don't know how much he invested on dogecoin but we can assume that he has invested millions, if not billions. Therefore, Musk will work on dogecoin to make it big.
 
Elon musk influence on cryptocurrency should not be underrated. We see what happened to Bitcoin and that alone is pointer interest in dogecoins will increase to value of the coins
 
The crypto market is driven by the activities of whales most times and whales are individual or group of people that hold more than 1,000 btc or thereabouts which elon musk has that is to say he would definitely have influence on the price
 
That meme coins keep outdoing tokens with usage doesn't speak well of the digital currency moves. Also the fact that those with influence can easily manipulate the market. I see it becoming a $ in the near future and these may not be Elon Musk induced.
 
Known as the father of Doge snd recently claimed to be the fake founder of Doge.
Elon musk has helped dogecoin gain a lot of value and after the recent upgrade the coin may even go higher than expected
 
Any whale has the power to make the price of an altcoin or token to soar because of how much of those coins that they hold. Once they keep buying into any project, the market cap keeps increasing and that's when people begin to trust investment into that currency.
 
Well, dogecoin is not actually doing so good as of recent. It's value just swings and at the end of the day there won't be any significant price changes. But I think it might be good for a long term investment though
 
Honestly I don't really know what's going on with dogecoin anymore because its just getting worse everyday, it rose to around $0.56 when Elon musk invested heavily on it but now , i heard 1Doge is around $0.23
 
I think for now he might have change interest as he is actually more interested in popularising Shiba Inu coin to gain more people and individual to invest in the coin rather than dogecoin
 
Yes, definitely if Elon Musk invest in Dogecoin, it would automatically skyrocket and also, it would boost the confidence in people to invest.
 
Elon Musk's interest in dogecoin managed to lift the coin and the coin reached 70 cents just in 5 months from 1 cents. But the value could not stablize for a longer duration and it fell sharply.
 
I'm very sure if elon musk put his money in dogecoin if facts it improve the economic value of the coin. Look that what happened to bitcoin when he bought $1.5b worth of bit coin and also list it as one of means of exchange on his stable of Tesla. In fact people will embrace dogecoin and its value will increases and those of us that have it will begin to smile to the bank.
 
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