Crypto is already decentralized. Elon musk is keen investor, and a big whale when it comes to crypto investment. If we decide to cut his investment around the coins it will have a negative impact on their values, you can ask any crypto expert about this.
Elon Musk has always been a trail Blazer and would continue to be one. He is a whale Investor that pushed up the price of Bitcoin and Dogecoin this year. It's worthy to note that we need whale investors in the crypto market to ensure profitability.
Whale investors are necessary in order to increase the price of a cryptocurrency however at the same time they hold a large portion of the power related to cryptocurrency and they can decide the trajectory which can be quite dangerous. I do agree with you however in the sense that Elon Musk has been the sole person who has increased the price of dogecoin past anything that anyone would have ever believed to be possible.
The price of dogecoin at the moment is seen at 0.4 USD which is a massive drop in the last 24 hour period of around 18%. This is a very bad thing for those that invested at the higher price, but may be a good opportunity to buy as well in order to increase your investment. After all, buying the dip is very important.
Yes, there are even tweets that state that he has been chosen as the ceo of dogecoin and he even had that on his twitter bio for a while as well. This shows what an advocate he is for dogecoin and for cryptocurrency as a whole in my opinion, which is a great thing for the development in the future.
It isn't a nice one for those who bought it recently, they need to wait long time to see the coin grow again. But it will be wonderful time to those who is looking up to its bearish yo buy and holdl, and now is the right time for it.
Elon musk has been influencing crypto currency nowadays and all the crypto currency like bitcoin and dogecoin he has been influencing has been having a major turn around.
Exactly it is a great opportunity that people can use to buy The Dip and ensure that they increased the profits that they have in the future. If we look at the price today we can see that it has increased by 20% which is quite significant.
I noticed it, it has increased quite well in the last 24 hours. It is around $0.53 when i checked it last. I believe it will continue to fluctuate up and down cos of traders flipping and buying the coin back for quick profit.
yes because many big traders or big investors are buying coins to make its value up. as you guys have already seen in ripple and Cardano coin has already value up by big investors.
Yes this is a good thing about the dogecoin actually, is that it does change in price a lot over the course of a day which is a good thing for day trades, however you have to have a good investment to see good profits on your day trades.
If it change to the positive then it becomes fruitful for the traders. If it turns out negative some traders gain and those who predicted for its rise loses.