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

[akinlolu99]

Dogecoin has been encountering some significant highs recently and for those that had put resources into the coin toward the beginning of last year, the benefits are fantastic, maybe much more so than coins, for example, Bitcoin and Litecoin to be straightforward. The cost toward the beginning of last year was sitting at 0.002 USD and this previous week on binance we saw highs that were in abundance of 0.08 USDT for the coin.

This as I would like to think, was inescapable as dogecoin is a decent coin that is utilized a great deal, and subsequently it ought to be on the ascent in this cost. The buyer market has since stopped and there has been consistent decreases in the cost, anyway was this brought about by Elon Musk or was it brought about by Reddit?

Elon Musk has shows interest in the digital currency world, taking note of both Bitcoin and dogecoin. Furthermore, this might have caused the convention as it did with the principal rally too, anyway there is additionally the opportunity that the Reddit string to attempt to get dogecoin to 1 dollar could be the reason too.

Do you feel that DOGE might come to the $1 mark?

 

[Richard92]

People will rush it just as you have said but this doesn't in any way make it attractive unless it has other use cases outside being used in Tesla

Yes it is because people are now getting used to the new cryptocurrency and it is not making waves in the market it is appreciating fast and it is an encouragement to investors.

 

[ahmedo24]

The Crypto currency market of today is in the hand of Elon Musk to an extent because of his overwhelming influence , if he launch any coin and his dedicated to promoting it he will succeed

 

[Nomad]

I think doge is over that kind of thing, such as pump up from Reddit or Elon Musk. Doge is gaining value on its own, the value is based on what the community believe.

 

[Josemendez]

The Crypto currency market of today is in the hand of Elon Musk to an extent because of his overwhelming influence , if he launch any coin and his dedicated to promoting it he will succeed

He will succeed in getting people buying it but the coin won't rank well in the market because it may not have the ideal use cases needed for a coin to appreciate well

 

[ahmedo24]

He will succeed in getting people buying it but the coin won't rank well in the market because it may not have the ideal use cases needed for a coin to appreciate well

Yeah and very likely people will not be interested in investing in it for long time into the coin because of his style of doing things. Personally I will short time trade it.

 

[Sotherefore]

In fact the best way for you to make a lot of money from cryptocurrency is for you to consider it for long-term investment,I know and I have seen a lot of people who have become rich and millionaires from investing in dogecoin when it was launched in 2013.

 

[Justin]

I think the days of getting pumped by external forces for dogecoin is just over see the currency growing on its own. Doge is really good currency for investment

 

[Delight]

If I will ever consider investing in cryptocurrency I think dogecoin will be one of the best cryptocurrency to invest on because I understand that it is a coin that is supported by Elon musk, the world richest man and I believe they can also have a lot of serious potential.

 

[Richard92]

If I will ever consider investing in cryptocurrency I think dogecoin will be one of the best cryptocurrency to invest on because I understand that it is a coin that is supported by Elon musk, the world richest man and I believe they can also have a lot of serious potential.

Is there fast growth in doggy coin and I think it is one of the fastest growing to currency presently now because of the high patronage. I need to also supported by Elon musk

 

[Delight]

Is there fast growth in doggy coin and I think it is one of the fastest growing to currency presently now because of the high patronage. I need to also supported by Elon musk

I didn't know it is one of the fastest growing cryptocurrency because I personally don't have interest in cryptocurrency since everything about cryptocurrency seems to be a scam as I've seen it, that is nice about dogecoin.

 

[Chibson]

Dogecoin is a shitcoin, so what will mostly pump is news and rumors. I think it might be Reddit or Twitter that contributed to it's last big pump.
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One thing I hate about shitcoins is that they're being pumped by some news and not major projects. But investing early on them can be lucrative anyway.

 

[Heatman]

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?

There is always a possibility that the cryptocurrency Dogecoin may get to the point where it will be worth $1 per Doge. We will have to wait it out and see what happens in the future.

 

[Chibson]

The last time it pumped very high and not all people that I know made very good amount of money from the cryptocurrency but I didn't invest.

 

[BrolySSJ]

There is always a possibility that the cryptocurrency Dogecoin may get to the point where it will be worth $1 per Doge. We will have to wait it out and see what happens in the future.

I think that is Elon Musk actually sticks to what he said regarding the development of this cryptocurrency and bringing in a specific team that is supposed to make this cryptocurrency better in the future then we are surely going to see dogecoin have the $1 price.

 

[Tolumi]

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?

The pump of Dogecoin is directly related to the tweet of Elon Musk. I do not consider this growth to be a healthy one cos what will happen if he decided to dump the coin and tweet about it.

 

[Thinker009]

I think most times forum usually infulence the price of coins , because there are different pump and dump group , but I think dogecoin was infulenced by Elon musk

 

[Jsoliu004]

Am real happy to today cause I was sleeping since all this day ,because I have reached my point since 12am today so I just need to rest now

 

[eLdavis]

I believe it's quit possible for Doge coin to reach the $1 mark, though it may not be right now as the price is still not stable but with time it would get there.

 

[BrolySSJ]

The pump of Dogecoin is directly related to the tweet of Elon Musk. I do not consider this growth to be a healthy one cos what will happen if he decided to dump the coin and tweet about it.

This is generally the concern that people have in smaller coins as well, because there is someone that will pump the coin in order to prompt others to make those payments as well, and then they will dump the coin as well. This can sometimes result in a massive drop in the price, and sometimes if there is a major dump on their part it can push the coin beyond recovery as well.