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

[Akinwale701]

SSu

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?

Sure, it is possible for DogeCoin to reach 1$ but the time is what I personally am not sure of. The coin seems to be the choice of many people nowadays.

 

[BrolySSJ]

SSu

Sure, it is possible for DogeCoin to reach 1$ but the time is what I personally am not sure of. The coin seems to be the choice of many people nowadays.

Upon further inspection I am not sure if reaching $1 will be possible for this coin because of the fact that that would require the market value of the total sum to be greater than that of many countries and their economies. It doesn't seem possible at this point.

 

[Eodine]

Oh well, massive pump or not, reddit or not, the current market dip has affected most crypto currency which includes doge. This would be a great time to invest as prices would soon shoot back up.

 

[GIFTMICHAEL]

I don't know if the decision made by Joe Biden have affected its bull run. Dogecoin was experiencing its best moment in price tag but in the last 72 hours it has started dropping down.

 

[Ehizzy1]

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.

That is basically everyone focus now and i believe that $1 is still more close to been attainable ,because of the way the coin price continues to move high

 

[Justin]

Doge is the currency of redditors. They are not only using as a payment system for various activities but also promoting the meme coin. If the community continues to promote the coin, it will be big soon

 

[Erik4150]

Sometimes cryptocurrency goes on a bullish run. I wouldn't say that Reddit is the reason for pump in dogecoin price, there could be other factors too.

 

[Eodine]

There are many factors that cause the rise or fall of a crypto currency than one particular company, we can also add elon musk backing, and the massive pump as other factors too.

 

[Nomad]

Since the beginning of this year, doge coin is on steady rise, all thanks to Reddit and Elon Musk. Reddit has been promoting doge since a long time and Musk joined the band wagon.

 

[Richard92]

Since the beginning of this year, doge coin is on steady rise, all thanks to Reddit and Elon Musk. Reddit has been promoting doge since a long time and Musk joined the band wagon.

Yes this is a verified fact and I think that soon I will invest in dogecoin since it is steady in the market in terms of growth.

 

[Mostee501]

First of all,the investment of Elon musk in both dogecoin and bitcoin has effects on the market. I see dogecoin reaching a dollar mark and even exceeding it.

 

[Sotherefore]

I don't see any economical value of Doge coin because it doesn't have anything to offer in the cryptosystem and it's only exist by hyping, i don't bother to invest any of my money and in it because I do not see the need and its function in the cryptosystem, only invest in crypto with potential.

 

[Heatman]

Seriously, I'm very much not interested in knowing what is the cause behind the pump in Dogecoin, but I only care about the value getting into $1 mark as soon as possible.

 

[Nomad]

Yes this is a verified fact and I think that soon I will invest in dogecoin since it is steady in the market in terms of growth.

You can invest right now, when the price is just about 31 cents. If you wait, the price might start going up and could be beyond your reach. Act now to profit

 

[GIFTMICHAEL]

Dogecoin spike a lot during the month of February -April 2021. During that time i didn't notice it, cos i wasn't all that interested investing into crypto.

 

[Kelly5]

Dogecoin as a cryptocurrency has been experiencing what it experienced in recent times because the currency has been too dormant and Elon musk came into the scene to make that change happen by force

 

[Senator]

I have been saying this for a while now just as a few persons here have said. We should not be carried away on this coin at the moment because it is one person making and calling the shots on it.

 

[Dowenship]

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?

If bitcoin hit $100k this year then dogecoin will surpass $1 or even 3$ this I have seen. but I don't think reddit as the capability to pump dogecoin alone although it can pump to an extent.

 

[Justin]

Sometimes I believe the dogecoin is not gaining prominence just because common people are interested but because influential people are forcing us to believe it

 

[Josemendez]

First , I think dogecoin will reach 1$ but when it will happen is unknown to anyone. Secondly , soon people will stop adhering to Elon Musk tweets because it has now appeared that he is manipulating the crypto market.