Dogecoin - The massive pump over the last few days! Was it Reddit?

[BrolySSJ]

Dogecoin has been experiencing some major highs lately and for those that had invested in the coin at the start of last year, the profits are monumental, perhaps even more so than coins such as Bitcoin and Litecoin to be honest. The price at the start of last year was sitting at 0.002 USD and this past week on binance we saw highs that were in excess of 0.08 USDT for the coin.

This in my opinion, was inevitable as dogecoin is a good coin that is used a lot, and therefore it should be on the rise in this price. The bull market has since halted and there has been steady declines in the price, however was this caused by Elon Musk or was it caused by Reddit?

Elon Musk has shows interest in the cryptocurrency world, noting both Bitcoin and dogecoin. And this could have caused the rally as it did with the first rally as well, however there is also the chance that the Reddit thread to try and get dogecoin to 1 dollar could be the cause as well.

Do you feel that DOGE could ever reach the $1 mark?

 

[Jlife]

I still regretted why I did not invest in Doge coin because yesterday I observe the price movement and when I checked my wallet I come to find out that the coins have increased by almost 300% and I was surprised and that was a great loss for me , investing in cryptocurrency is interesting sha.
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I still regretted why I did not invest in Doge coin because yesterday I observe the price movement and when I checked my wallet I come to find out that the coins have increased by almost 300% and I was surprised and that was a great loss for me , investing in cryptocurrency is interesting sha.

 

[Kayzzy3]

Dogecoin has been experiencing some major highs lately and for those that had invested in the coin at the start of last year, the profits are monumental, perhaps even more so than coins such as Bitcoin and Litecoin to be honest. The price at the start of last year was sitting at 0.002 USD and this past week on binance we saw highs that were in excess of 0.08 USDT for the coin.

This in my opinion, was inevitable as dogecoin is a good coin that is used a lot, and therefore it should be on the rise in this price. The bull market has since halted and there has been steady declines in the price, however was this caused by Elon Musk or was it caused by Reddit?

Elon Musk has shows interest in the cryptocurrency world, noting both Bitcoin and dogecoin. And this could have caused the rally as it did with the first rally as well, however there is also the chance that the Reddit thread to try and get dogecoin to 1 dollar could be the cause as well.

Do you feel that DOGE could ever reach the $1 mark?

It was both, Reddit had already make headline with the stock market so all eyes were on Reddit meanwhile Elon Musk had mentioned Bitcoin and the market went Bull! People of influence always have such effect.

The pump was hard and fast and I hope Dogecoin will not fall to its former price because that will be disastrous to the project.

 

[BrolySSJ]

It was both, Reddit had already make headline with the stock market so all eyes were on Reddit meanwhile Elon Musk had mentioned Bitcoin and the market went Bull! People of influence always have such effect.

The pump was hard and fast and I hope Dogecoin will not fall to its former price because that will be disastrous to the project.

It will be a disaster if it did have to fall to its previous price, especially since there are many people that did invest into it when the price was extremely high, however if the price had to fall I think that this dump will likely be met with a major bull market again, and it could be a way for those that have not invested into it to either get invested, or for those that do have dogecoin to increase their investment as well.

 

[Sake]

There's actually a massive support for dogecoin in Reddit you can see that this coin is being taken seriously by those investors.. im seeing them buying a lot of dogecoins last year, Bitcoin people are making fun of them though now they proved them that it's a good coin to be invested too, i personally gave up on dogecoin but now im going to invest to it again

 

[Zevin]

Dogecoin was started as a "joke," (that's why they used an image of a dog), however, in the past few years dogecoin is taking a form of a good crypto currency. The current price surge of doge is being credited to Redditors that's because the price started going up when the influencer on Reddit began talking about Doge. Interesting, before Redditors started talking about Doge, it was Elon Musk with tweeted Doge and helped the price surge.

 

[Azhar119]

Doge's resurgence in the last few days has been due to enthusiasm from a Reddit group called SatoshiStreetBets.
Elon Musk tweeted out a picture of a magazine cover of "Dogue" — a play on popular fashion title "Vogue." The post showed a picture of a dog, which some Reddit users took as the billionaire supporting the rally.

 

[BrolySSJ]

There's actually a massive support for dogecoin in Reddit you can see that this coin is being taken seriously by those investors.. im seeing them buying a lot of dogecoins last year, Bitcoin people are making fun of them though now they proved them that it's a good coin to be invested too, i personally gave up on dogecoin but now im going to invest to it again

I had also given up on dogecoin and am not putting an investment into the coin as well. What I find to be very interesting with dogecoin is that there is an unlimited supply of the coin and there are no halving events whatsoever, yet is competing with and prospering more than the coins that do have limited supply. So this is quite good to see. Holding dogecoin on the long term may actually be considered to be a good idea.

 

[ahmedo24]

Dogecoin is currently trading at $0.027 after a massive rise to $0.08 in Binance, I actually didn't regret for not Investing in this coin but certainly there is an opportunity to still Invest now to make your money, if you invest now and leave it for like 6 months.

 

[Lagazine]

Sincerely, dogecoin has been improving these days, I can't imagine this. I've always been trying to invest on this coin for quite sometimes now. I'm now on different platform which gives me a great plan, to invest in all cryptocurrency. I believe Dogecoin will still go far.

 

[Sake]

I had also given up on dogecoin and am not putting an investment into the coin as well. What I find to be very interesting with dogecoin is that there is an unlimited supply of the coin and there are no halving events whatsoever, yet is competing with and prospering more than the coins that do have limited supply. So this is quite good to see. Holding dogecoin on the long term may actually be considered to be a good idea.

Indeed after this last massive rise. Im now going to start hodling again because i regain my confidence with Dogecoin. Dogecoin is indeed unique and also a strong Currency it's one of the most accepted crypto too despite being started as a Joke

 

[Kelly5]

Dogecoin has been experiencing some major highs lately and for those that had invested in the coin at the start of last year, the profits are monumental, perhaps even more so than coins such as Bitcoin and Litecoin to be honest. The price at the start of last year was sitting at 0.002 USD and this past week on binance we saw highs that were in excess of 0.08 USDT for the coin.

This in my opinion, was inevitable as dogecoin is a good coin that is used a lot, and therefore it should be on the rise in this price. The bull market has since halted and there has been steady declines in the price, however was this caused by Elon Musk or was it caused by Reddit?

Elon Musk has shows interest in the cryptocurrency world, noting both Bitcoin and dogecoin. And this could have caused the rally as it did with the first rally as well, however there is also the chance that the Reddit thread to try and get dogecoin to 1 dollar could be the cause as well.

Do you feel that DOGE could ever reach the $1 mark?

What will make you think Reddit is the reason for the pumping in dogecoin? I give it that the social media has an influence in the acceptance of cryptocurrencies, but that does not mean dogecoin got the pump you're seeing because of whatever you think happened in Reddit.

 

[BrolySSJ]

What will make you think Reddit is the reason for the pumping in dogecoin? I give it that the social media has an influence in the acceptance of cryptocurrencies, but that does not mean dogecoin got the pump you're seeing because of whatever you think happened in Reddit.

There was major Reddit thread recently where people were saying that they were going to push the price to one dollar for dogecoin and many were very active on it. Reddit is a major posting platform and so it has a lot of outreaches, so for something of this nature to become trending on that platform, I am sure that it must have something to do with the major price hike that we saw this week.

 

[Ralphjoe]

The two likely reasons you gave for the bullish run of dogecoin and Bitcoin are actually the real reasons for their bullish run. The Reddit thread contributed alot to the bullish run of dogecoin as Elon musk inclusion of Bitcoin in his twitter bio also caused the bullish run of Bitcoin.

 

[BrolySSJ]

The two likely reasons you gave for the bullish run of dogecoin and Bitcoin are actually the real reasons for their bullish run. The Reddit thread contributed alot to the bullish run of dogecoin as Elon musk inclusion of Bitcoin in his twitter bio also caused the bullish run of Bitcoin.

This is a very good thing for the future of cryptocurrency though because many people will follow suit in terms of cryptocurrency acceptance as well as the investment into cryptocurrency based on the investments and interest shown by Elon Musk. Someone of his status must be only investing in something that he feels has a very promising future and this is what is also drawing a lot of traffic and attention towards these two coins.

 

[Ralphjoe]

This is a very good thing for the future of cryptocurrency though because many people will follow suit in terms of cryptocurrency acceptance as well as the investment into cryptocurrency based on the investments and interest shown by Elon Musk. Someone of his status must be only investing in something that he feels has a very promising future and this is what is also drawing a lot of traffic and attention towards these two coins.

This is quite true as a person with a sphere of influence like Elon musk endorsement of Bitcoins has really created alot of acceptance and assurance for many people to invest in Bitcoin. Everyone knows Elon musk for his ambitious projects and they have seen how he has been able to accomplish most of them, so they now respect him very much to follow any financial advise that he dishes out.

 

[Ltherman]

I myself was shocked with the pump that happened in the last 1 week with Dogecoin i think the fact that one of the richest men in the world is a favourite of his makes it known to traders. I have held it before.
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Dogecoin has been experiencing some major highs lately and for those that had invested in the coin at the start of last year, the profits are monumental, perhaps even more so than coins such as Bitcoin and Litecoin to be honest. The price at the start of last year was sitting at 0.002 USD and this past week on binance we saw highs that were in excess of 0.08 USDT for the coin.

This in my opinion, was inevitable as dogecoin is a good coin that is used a lot, and therefore it should be on the rise in this price. The bull market has since halted and there has been steady declines in the price, however was this caused by Elon Musk or was it caused by Reddit?

Elon Musk has shows interest in the cryptocurrency world, noting both Bitcoin and dogecoin. And this could have caused the rally as it did with the first rally as well, however there is also the chance that the Reddit thread to try and get dogecoin to 1 dollar could be the cause as well.

Do you feel that DOGE could ever reach the $1 mark?

It certainly will do the $1 mark in a few years and such monumental pump will also have to happen for it to go up that fast and attain south an All time high. I was a holder of the bag in the past but never felt it was up to some good.

 

[BrolySSJ]

This is quite true as a person with a sphere of influence like Elon musk endorsement of Bitcoins has really created alot of acceptance and assurance for many people to invest in Bitcoin. Everyone knows Elon musk for his ambitious projects and they have seen how he has been able to accomplish most of them, so they now respect him very much to follow any financial advise that he dishes out.

Furthermore, for someone like Elon Musk to get involved with cryptocurrency shows the potential for a whale in the market. If he had to invest just a portion of his wealth into the crypto market, seeing as though he is the richest man in the world, it will be a huge impact on the crypto market and will increase demand drastically, resulting in major price hikes. Perhaps in the coming months we may see this more in effect as he starts to invest in crypto.

 

[Profuk57]

Boy I am glad I decided to keep my doge coin till this moment. I think both Elon and Resit played a big role in getting the coin the current position is right now, and I sure do hope the the price will go above 1 dollar mark.

 

[Klismannm12]

I don't think don't think it went up because of the number of persons who got involved in the investment that I think it is the deliberate action of the people who are responsible for doing it I think they are the ones who try switching it up so that will make it look attractive so that people could come in West Indies thereby raising the world over time.