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

[Royalty]

Obviously i think that Reddit was a major impact gor the rise in Dodgecoin.
Reddit traders vs hedge funds Hong Kong (CNN Business) Dogecoin is the latest target of hyped-up Reddit users. The virtual currency, which originally started as an internet parody based on a viral dog meme, has skyrocketed 373% in the last 24 hours, according to Coinbase.

 

[BrolySSJ]

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.

At the end of the day it is possible that it could be the result of just a few people that are trying to pump the coin in order to get it to a new Value or a new height that it has previously not seen. There are many illegal activities that are considered to be illegal which is referred to as a pump and dump scheme and this does not seem to be the case with the dogecoin however.

 

[adazeez1995]

I would say that it has the potentials if even exceeding the 1$ mark especially now that it has patnered with reddit. And since its the first partnership that the social platform is making with blockchain, then, it might be a huge success in the coming years as both partners would put alot of efforts and resources in the project. This would definitely translate to increase in value of the coin as it would be brought to the millions of users in the reddit community.

 

[Oyeleye42]

Reddit frenzy pumps up Dogecoin, a cryptocurrency started as a joke. Dogecoin, a digital coin originally founded as a joke, soared over 800% after a Reddit board talked about making it the cryptocurrency equivalent of GameStop.

 

[Dowenship]

Hmm..... I think elon musk was part if the reason behind or architect behind doge coin earlier this year, becausr not everybody could believe it could rise close to %400 ot more than. But if reddit also havr plan to make it $1 I think its an improvement to encourage investors.
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Well the latest update we heard from reddit was that they are planning to push dogecoin to $1 before this month or week. So probably they are working towards it.

Quote of the day:

Never give up, because the breakthrough is near. Keep pushing till you win

 

[Eodine]

There are various factors responsible for making the price of Bitcoin surge. It would not only be Reddit, we also have elon musk invested in Dodge coin recently which made people also invest.

 

[Ehizzy1]

Very soon it would get to $1 because of the way its gaining more attention due to top individuals and infulencial people promoting the coin , i just hope the coin increased to a higher volume at least its much better

 

[Shivay]

It is just the beginning of the dogecoin. If you are still thinking to buy it then go and do it as it has a lot of potential among all the alternative coins. This coin will reach at least 1 dollar in future and then people will regret.

 

[Josemendez]

Unfortunately , the coin has started declining daily . Elon Musk seems not to have committed any single dime to the coin expect his tweets. I think people will lose much from the coin if the price continues to fall . I have some dogecoin which am waiting for the right time to sell it .
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Unfortunately , the coin has started declining daily . Elon Musk seems not to have committed any single dime to the coin expect his tweets. I think people will lose much from the coin if the price continues to fall . I have some dogecoin which am waiting for the right time to sell it .

 

[GoldenLady]

Dogecoin is a good coin, but it's too risky and unstable I'm it's price surges for comfort.

Unless Elon Musk is tweeting about it, or Reddit is getting involved, it remains unmovable, which is not too beneficial for investors.

 

[Mawome]

The pump in dogecoin, is something I don't really understand, despite the rush in Doge the price is still low and the coin did never for one day appreciate instead it kept reducing on daily basis it's too bad I even bought some of the coin last year on high price thinking that it will skyrocket.

 

[GoldenLady]

The pump in dogecoin, is something I don't really understand, despite the rush in Doge the price is still low and the coin did never for one day appreciate instead it kept reducing on daily basis it's too bad I even bought some of the coin last year on high price thinking that it will skyrocket.

This is saddening. But it's good that you've understood how some cryptocurrency work.

It's important to always do your own research, and dogecoin with it's unlimited supply has little potential.

 

[Mawome]

This is saddening. But it's good that you've understood how some cryptocurrency work.

It's important to always do your own research, and dogecoin with it's unlimited supply has little potential.

So what's the status now sir, is it still going to appreciate? Or are they closing the coin? I don't understand, but there was a rumour that the coin is heading to the moon, even the bizdustry staff said it several times, that is why I bought the coin.

 

[kayode10]

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?

Dogecoin is likely to cross over $1 Mark before the Year runs out. The reason is that there some faucet who are now giving out dog coin as a reward for task being carry out on them all. This makes it easy for people to acquire the cryptocurrency. This helps to increase the demand for Dogecoin and may likely cause the price to increase.

 

[Billy]

Sure, i guess the social media buzz really affects the direction of cryptos. Especially the lower crypto, which are highly volatile.

 

[Sincerem]

The bull run came to live since Elon musk ventured into it, and taking over it as its CEO. Through his personality he has taken dogecoin to a new level, which other investors have invested too. Hoping the coin keeps going up to bring huge profit.

 

[Prettybabe]

Whatever the reason for the sudden increase of the price of Dogecoin is not my problem. I'm just so grateful that I enjoyed from the profits as I had some dogecoins left in.my wallet. That alone gave me hope to start my cryptocurrency journey this year.

 

[Nurudeen]

The massive pump on dogecoin is from the reddit guys and this is actually backed up by some tweets Elon musk have tweet on his timeline on Twitter. I think these sets of people are just dangerous in the market because they are letting a lots of people to lose money while doing FOMO

 

[Abbeyola]

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?

Seriously,I don't really have any digital currency in form of doge,I recently heard that it is really doing good in the crypto currency world,that it has increased in it value and I look forward to having some in my crypto currency wallet someday.

 

[unhappy triad]

The coin was on the pa path to glory but unfortunately the coins stops and the point eight dollar Mark. hopefully in the future in the future it will get to the one Dollar Mark. it looks promising and hitting the $1 mark is just a matter of time.