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

[kayode10]

One thing that I see that is explain is that the power of speculation. Reddit is also a big community, this can also enhance the effects of speculation if there is a buzz about the coin on the forum.

 

[Josephjossy]

Dogecoin is one of the best coin in the world to invest on, it have been the best when it comes to investing on small and low value coin. This is the right time to invest on dogecoin and keep it for a long time, you will surely make many gains from it

 

[BrolySSJ]

Dogecoin is one of the best coin in the world to invest on, it have been the best when it comes to investing on small and low value coin. This is the right time to invest on dogecoin and keep it for a long time, you will surely make many gains from it

There's also a lot of risk when it comes to investing in this coin as well because what I have realised is that when the price increases drastically there's also a major decrease in the price a couple of weeks later. From my perspective it seems that people are rather using this investment as a sort of pump and dump system and therefore I do not see it being a good long-term investment.

 

[Kelly5]

I don't still believe any news that says it was the reddit effect that got the Dogecoin cryptocurrency to suddenly pump in it's price

 

[BrolySSJ]

I don't still believe any news that says it was the reddit effect that got the Dogecoin cryptocurrency to suddenly pump in it's price

When it comes to platforms such as read it I think that they can be very influential because if you look at how the ripple price actually increased despite there being an ongoing lawsuit it was as a result of people that were rallying on forums and platforms such as Reddit. Therefore I think that it is very important that people start to acknowledge the power that these platforms actually have because they can influence the price of any cryptocurrency coin given the right following.

 

[gammarays]

Dogecoin is the king of meme coins and shows the characteristics of a memecoin. It can rise due to some push as we have experienced and fall back when the frenzy dies down.

 

[Heatman]

As far as I'm concerned everything can actually be the reason why the cryptocurrency Dodge increased or it might actually be what happened with Reddit.

 

[BrolySSJ]

As far as I'm concerned everything can actually be the reason why the cryptocurrency Dodge increased or it might actually be what happened with Reddit.

There are very few factors that could have actually contributed to the increase in price related to this cryptocurrency because it was quite stable for a long period of time. Therefore the only things that can be considered as one of the factors that increase the price will be factors that changed or varied over that specific period of time from December last year until early this year.

 

[Heatman]

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.

Seriously the most important thing for me when it comes to the cryptocurrency Dodgecoin is that I have already invested a decent amount of money in it and waiting for my profits.

 

[Yusuf]

The massive pump in dogecoin in the last few months is as a result of elon musk inflencial tweet on the coin on social media. The pump is just not healthy for me and I don't think the coin can meet up to expectations

 

[BrolySSJ]

The massive pump in dogecoin in the last few months is as a result of elon musk inflencial tweet on the coin on social media. The pump is just not healthy for me and I don't think the coin can meet up to expectations

There are many people are expressing the same concern that you have over here because if echoing had to increase at such a rapid rate then it is said that the coin can also decrease at the same rate as well and this will cause a major reduction in the number of people and the cryptocurrency portfolios. It is quite a worrying Factor to think that a single person can increase the price of any one cryptocurrency at any given time.

 

[Shigobad2020]

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.

Dogecoin has been surging high since Elon musk started invested heavily on dogecoin and bitcoin respectively, and I beleieve dogecoin will hit $1 before the end of the year.

 

[gammarays]

Dogecoin has been surging high since Elon musk started invested heavily on dogecoin and bitcoin respectively, and I beleieve dogecoin will hit $1 before the end of the year.

Yes dogecoin depends on shills from Elon musk and other sources to remain valuable. Maybe it's because it's a memecoin. There are many meme competitors coming in now. I hope it touches $1 soon.

 

[BrolySSJ]

Yes dogecoin depends on shills from Elon musk and other sources to remain valuable. Maybe it's because it's a memecoin. There are many meme competitors coming in now. I hope it touches $1 soon.

The chance of it actually reaching $1 is quite high considering the fact that the previous hike was actually seemed to peak at around 0.7 dollars. So therefore we are not that much off from having a $1 price range however I think that this will only happen once Elon Musk has made a considerable development to the network on which this cryptocurrency operates.
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Dogecoin has been surging high since Elon musk started invested heavily on dogecoin and bitcoin respectively, and I beleieve dogecoin will hit $1 before the end of the year.

I think that it is a very good possibility however at the same time I only think that this cryptocurrency will reach the $1 Mark after it has seen a considerable development to the network that it operates on. There was a lot of talk about actually getting developers in order to try and improve the network however nothing material has come of that as yet. I think that that will be the key and deciding point in order to increase the price of this cryptocurrency beyond $1.

 

[mcjerry]

I don't think that post on reddit can make dogecoin grow in its price. Bitcoin and etherium have been mentioned many times on reddit but that has not increased there price. The increase in price of most crypto currency are some times determines by news about them not post made in a social media

 

[ahmedo24]

Elon Musk is the main Man behind the growth of dogecoin everyother factors follow his, i am optimistic he will still pump the market.

 

[BrolySSJ]

Elon Musk is the main Man behind the growth of dogecoin everyother factors follow his, i am optimistic he will still pump the market.

I think that it is very important to note that when it comes to a cryptocurrency, it is not about trying to pump the market but rather trying to develop the market and the coin that is surrounding that crypto as well. This will result in price increases in a more natural way thereby providing a lot of stability and reducing the risk that the coin value will drop suddenly.

 

[ahmedo24]

I think that it is very important to note that when it comes to a cryptocurrency, it is not about trying to pump the market but rather trying to develop the market and the coin that is surrounding that crypto as well. This will result in price increases in a more natural way thereby providing a lot of stability and reducing the risk that the coin value will drop suddenly.

That's correct because that's what developers do but in cryptocurrency market there are developers and influencers, they play different roles , influencers do more more of pumping.

 

[BrolySSJ]

That's correct because that's what developers do but in cryptocurrency market there are developers and influencers, they play different roles , influencers do more more of pumping.

Public influences are very important when it comes to increasing the price of a coin because they are actually promoting other people to purchase the coin and as a result his people who have more confidence in cryptocurrency. For example even a simple things like rappers and musicians being able to purchase cryptocurrency has prompted a lot of people to get involved with cryptocurrency as well.

 

[ahmedo24]

Public influences are very important when it comes to increasing the price of a coin because they are actually promoting other people to purchase the coin and as a result his people who have more confidence in cryptocurrency. For example even a simple things like rappers and musicians being able to purchase cryptocurrency has prompted a lot of people to get involved with cryptocurrency as well.

The likes of rappers and musicians our influencers and they are the people that easily promote coins while the developers do the creative thinking to make the coin come to reality.