Bitcoin Forum

We all can see that  today Doge  Is up  more than any other top in he top 100.
What cause this massive pump. Did you have some nice gains?
Anyway for me I think to join Doge is only 0.16$ (all time high was 0.73$) And it's backup by Elon Musk.

Today is 4/25/2022
Dogecoin marketcap up by 22%
 (https://coinriders.com/currencies/dogecoin)
https://i.imgur.com/cEUnhRD.png

Elon musk bought Twitter. People are speculating that he makes doge a tipping tool alongside with btc and eth. I am not sure what's all the fuzz is about. I haven't heard that anyone would used current tipping tools in there either.

The mere purchase of a shares of Twitter by Elon Musk raised the DOGE price on April 5. Today's gains were due to Musk negotiating with Twitter for his total purchase for $44 billions:

https://www.fox13news.com/news/twitter-elon-musk-negotiation-social-media-platform

Can Elon Make doge go to $1?

People are buying for the hope that it will increase more as Elon Musk got a hold of Twitter. Some people are speculating that once acquired, Elon may integrate doge in the platform itself. Thus, increasing the value of doge in the market. That is why, people are buying now before the predicted doge's price increase happens.


The $1 price can happen but it depends on how Elon will utilize doge here. And we are still waiting for the supposedly collaboration of doge team with Elon.

Not sure if you are serious with that question, but nobody knows. If he shills Bitcoin, will Bitcoin be in 100k soon?
He is just another influencer in the internet, and people seemed to be into him a lot of times. A little move and the whole world goes crazy.
I remember some of these similar stuffs where popular celebrity did something to another popular platform like when even Microsoft bought MC and people already thought that MC would be far more expensive and it will gain more attention. I was just like meh.
To directly answer your question, nobody knows.

If Twitter somehow accepts DOGE as a payment method, I'm sure the $1 price will be possible.
However, you have to realize that all of Elon Musk's tweets were a joke that created hype. Musk is a serious businessman and in my opinion the chances of DOGE getting accepted by Twitter are almost zero (at least over the next few years). All you are watching is pure speculation and pumping a bubble that is empty inside.

Related to Elon Musk again about his purchase with Twitter.

But the main thing that I can see to this is about bitcoin's pump today. We all knew that whenever bitcoin gets a pump, the other alts are also going up with him.

That's why I'm not surprised if Dogecoin and other altcoins are making a gain whenever bitcoin is making a gain too.

No one can provide a categorical answer to your question. It could be possible somewhere along the line, it prolly could not. The thing you should understand is that one man solely can't sustain the development of a coin, it even becomes risky for other investors if so, what if such individual decides to pull out or abandon the project, what becomes of it, that is some of the worry that people face when it is one individual spearheading the pump of a project. Having said that, if you are prolly planning to invest in Doge because of all of this news regarding Elon, do well to do your own research, and plan to hold prolly for the short term, or after you have made ROI.

That is true, that the price trend of Bitcoin and DOGE changed at the same time. However, the difference in growth is huge. You will hardly deny that such a large increase in the DOGE price must have been caused by more than just following the price of Bitcoin.
In my opinion, the information that Elon Musk (at the moment DOGE's godfather) wants to buy Twitter had a very big impact on this growth.

news of Elon Musk's acquisition of Twitter, the price of Dogecoin (DOGE) cryptocurrency has increased sharply in the past hours.  The reason for this is because DOGE is a cryptocurrency that Musk has promoted a lot, even suggesting to be used as a payment method for the Twitter Blue service.

a rise entirely due to elon musk's acquisition of twitter. I think it will integrate twitter and ad sales for doge. It has integrated the same into Spacex. Why not for Twitter? In fact, I think that if it is integrated into the twitter system, it will be even better. I couldn't figure out where this Elon Musk's love of doge comes from.

Its still unsure if Elon will integrate Doge to twitter. A large group of investors must be hopeful about this.

There could be a lots of rumors coming later about this because Elon is very unpredictable. He once hated twitter but suddenly buys it to do something about it particularly the free speech. Democrats are in panic about Elon's action since twitter will soon be a private company and he can do what he wants this time where possibility is limitless for Elon.

Why not. last year he who made the doge was seen as a fine coin. he created the hype coin meme. so it's very possible if he makes doge to 1$. right now he's making a huge impact, though not directly related to the doge. I'm sure Elon will be able to make it a reality, but not anytime soon.

The reason is speculation. Doge has a very huge army of believers and every single thing that would somehow, even indirectly, promote Doge, there is a possible reaction to the price. The news that Twitter is going to be owned by Elon Musk must have awakened the interest among Doge believers. A spike in buying happens because the Doge army believes that Elon is their hero, which may or may not be true at all. Either way, the Doge army always believes what they want to believe. That's the number one reason why it remains a strong altcoin.

Elon bought twitter and this gonna be a very big thing for the doge coin and bitcoin as elon was also holding both of coins on his portfolios. Doge army was thinking if that was a big move from elon musk and his acquisition to the twitter will give a very big impact to the doge coin ecosystem as we know that if elon was also a doge coin supporter. This gonna blow up doge coin for sure and bitcoin. We see how big the domination that can be created by the whales.

Pump & Dumps are old hats. The market is going to continue growing, and getting a "slow" steady growth rather than wild chop-lops is a good thing. You are lucky if you got in on the last one, but it doesn't matter now - this coin is here for the long term. If that's the case, cool, go with it. I'm still holding my own stock of Dogecoin and when the time is right I can cash it out, maybe even double what I have now (if it so happens)

It can or can't. So in this case that depends with the hype. if elon will be mentioning doge coin or make it to be integrated on twitter and im sure that there will be a very big pump for the doge coin. The fact that if elon was making so many people are being impressed caused by what he was doing by bought twitter with billions of money from his pocket. The doge coin army seeing this as another opportunity. You must also aware if elon can do something that didn't even think by others.
So the possibility will always there but no eta about when this will be happening for sure.

When more people talk about it, more people invest in the coin, leading to an increased value in the coin. “Tweets from Musk and surging interest from a wave of amateur investors fueled .But his tweets have worried some investors, given their apparent ability to move markets

If it can turn out very well for Dogecoin, then it's good to wait because if the price of Dogecoin can reach $1 and that is because of the effect of Elon Musk, then Elon Musk will become even more famous in this world and even in the crypto space because it speaks of ability as well as intelligence.

Join DOGE after the plunge? Probably the most common mistake investors make when everything has already happened, for some reason they decide to buy. They should have bought yesterday or at the weekend, but not now, when the coin is up almost 25%.

What makes you think the growth will continue? Now this news can quickly come back and DOGE will be forgotten again. I'm not sure that we'll grow up to 70 cents now. If everything was so obvious, what would prevent you from buying coins at 12 cents?

Dogecoin is also speculative so the news about Elon's purchase of Twitter has an impact.

But that's just a fresh news and won't last and then those who have bought before the news came out, they'll be the ones who have made profit already.

It's how the market works not just for Dogecoin but with the whole crypto market.

Come on this is not really a serious question. The owner is fan of DOGE, lets not forget it.  :P

Just wait for few more months, I think miracles like DOGE -$1, $10 could happen and we may all get rich real soon. Lolz.

The internet is literally flooded with the memes of Elon now as soon as the news came out for the purchase of Twitter. This is really big leap by Elon Musk. I am 100% sure something good will happen to Bitcoin as well as DOGE.

Notice that, Bitcoin is also getting pumped after this news.


Meanwhile enjoy the Internet. . . .

https://i.imgur.com/WPksDOv.jpg

Basically, dogecoin is well connected to Elon Musk, and he has always said that one day Doge will be a means of payment. And now that he has been able to acquire Twitter Platform, I guess people are already speculating that Doge might be used in Twitter.
Just my thoughts though.

As other in this thread already said, it probably has to do with the pretty big news that Elon Musk wants to acquire the majority of the Twitter shares which basically makes him the owner of twitter. Even though this news has not really have anything to do with crypto it still pumped up the Dogecoin price quite a bit as Elon Musk is known for his tweets about Dogecoin and i guess this was enough to pump the price. I personally would not invest into Dogecoin now as the pump of this news has already happened now and i don't think that there will be more upcoming news that would make the price go up even more.

I think this has something to do with Elon Musk who has officially bought Twitter at a very fantastic price. Elon Musk as the foster father of dogecoin will of course have a big impact, whatever this guy does, if he brings big things like buying twitter, or other big things in the future of course it will have an impact on dogecoin. This is what makes doge lovers believe that if they can break through $1 in the future, Elon Musk is the main character.

I may wrong about this but i never heard if elon was backed doge coin. He was investor and supporter for this coin rather than as a party who backed this coin. You know what the answer for what you have asked above. Another question is whether this new will make doge coin will get another utility like being used for tipping purpose or something like that. We know that twitter has massive users and so many people are also using this social media include so many big names in the various field like economic politic social and many more.
This will become a very good story to watch where will doge coin be going on.

Elon Musk is behind the sudden bullish of Dogecoin. The CEO of Tesla company and he is a whale in the Crypto space. Elon Musk have a strong community in the space which many traders and investors relied on his quotes and actions to followed. His action alone influences and affect the market positively and negatively. Twitter was bought by the richest man of the world, Elon musk which he paid $44 billion to Dave Smith who is the owner of Twitter. Dogecoin will make many pumps in the nearest future. Binance will soon change it to stable coin.

it's up because elon bought twitter and people had high hopes for Doge, lets wait and see what will happen

It could be because Elon gave his support again to Dogecoin so that it could make the price of Dogecoin go up again.
It seems like many people want to see Dogecoin go up to $1 or more but it won't be easy as people have already made huge profits from Dogecoin a while back.
But if there is still support strong for Dogecoin, the price can go higher and that is possible.

I don't get why investors are pumping Dogecoin's price just because Elon Musk bought Twitter. It's something stupid since it greatly defeats the purpose of crypto/Blockchain tech. Putting the focus on a single person makes DOGE nothing more than a centralized coin. I wouldn't be surprised if DOGE goes to $1 for a brief period if the hype persists.

One thing for sure is that Dogecoin is and will always be a speculative cryptocurrency with no real use cases in the mainstream world. As I've said many times before, there are far better cryptocurrencies on the market that are actually useful for day-to-day use. Bitcoin and Ethereum are good examples of solid cryptocurrencies that will retain their price for years to come. Who knows what will be of DOGE once Elon Musk abandons it for the next big thing in crypto? Just my thoughts ;D

Elon Musk did a big move earlier and since he is supporting doge coin many people taught that this will play a big part on dogecoin ecosystem that's why we see a price pump happened on this coin. But we don't know the real score of the effect on this actions made and its good if he will integrate crypto or most especially dogecoin on twitter.to create more better opportunity and adoption in future.

Am not regretting selling my Doge coin, heard that coin for a very long time and it was dipping everyday from 0.4 to 0.2, so I quickly sold

Maybe because of Elon Musk buying Twitter but I am not sure why would that happen what's the relation of the pump of Dogecoin to Elon Musk buying Twitter but no matter what happen I hope this would still continue I am currently down from buying Dogecoin last year and I am still holding it up and sometimes using it to gamble.

I heard about Elon Musk reaching deals to own Twitter, and we all know this is the tool he uses to talk about his interest in BTC or Dogecoin, and that may be the reason why the market has had a better signal, especially for Dogecoin. Perhaps in the near future, we can see more specific news related to Dogecoin and lead to a bunch of other memecoin followed by

Well so many doge coin whales are blindly pumping doge coin price with the came of this news. I would not be surprised to see that little traders got hyped as well. The doge community was over hyped due to this news. Yeah that news can only prevent the market to go to the another dip again for a few hours but it seems like market is starting to be bleeding again. That news was not so big to flip the market to be bullish again. People are still in the fear due to the bearish trend.

Is it a powerful pump?)to be honest, lately it already looks funny, doge fans are trying to attract any infopod to themselves, but it turns out very badly.The purchase of the same Twitter did not cause much excitement since the doge does not appear anywhere in the statements.

Yeah that dogecoin pumping and I was like what the hell! In the midst of so many red in the market and dogecoin manage to pump so much, and then I saw the news about Elon about to be the new CEO of twitter and I thought that must be the reason even though it shouldn't be enough reason to trigger a pump but that was the only big event happening at the time.
Well good for dogecoin holders, it must feel good to see your bag rising in the midst several red coins.  :)

It is obvious that this is because Elon bought twitter, as we know Elon has an interest in both bitcoin and dogecoin, so people are speculating that Elon is going to allow dogecoin to be used directly on the platform, if true then without a doubt it will bring a massive boost to dogecoin, however you need to be careful as this is not confirmed yet and if Elon were to deny this possibility then it is obvious the price of dogecoin will crash overnight.

Using the word massive pump is a bit of an exaggeration in this scenario, I'll prefer the word sharp increase. The obvious reason for what happened is that Elon Musk purchased Twitter and Dogecoin folks decided to have some fun and gain some attraction to Dogecoin.

I don't think that works out as expected because the "massive pump" is now over and Dogecoin is now following the bearish market trends.

Only one Reason the Doge father Elon is now owner of Twitter and people understand that like before Elon will shill Doge and will do some new for Doge.
One if the first thing which I think should be add in Twitter is Doge coin symbol like BTC and Bnb. We can also expect that Elon start to accept Doge for Twitter ads and much more .

The only influence of doge rising i see is related to Elon actions like recently his Twitter deal made doge jump approximately 22% as many beleive he will add it to the social platform like tipping system or any other way.He has been continuously making such tweets and making profits out of it and once again the pump are back in doge after his Twitter takeover.Rest there is no big support for this coin.

The richest man in the universe presently, Elon Musk, is behind the massive pump of Dogecoin. He is one trending everywhere on all social media platforms. Elon Musk bought Twitter recently for $44 Billion dollars. It was sold by the former CEO of twitter, Dave Smith. Dogecoin is already in top gainers on Binance, the number one exchange in the world. Also Dogecoin was recently added to be used to buy Shib/Doge on Binance. Elon musk is aiming Dogecoin to be one of the stable coin that's going to be in the Crypto space.

I think Doge had an attractive price for me, bought it and held the sale for a while, and waited for the price to be right, along with Elon Musk's influence on Dogecoin's body, what a huge influence he has, in terms of popularity and his art of profiting, I've been around for a long time. being a part of dogecoin's success, I think it's time to invest, waiting for the magic price.

Statistically it is true that Elon Musk has a bigger role in increasing Dogecoin, despite the many objections made by people saying it's not because of Elon Musk's factor Dogecoin is moving at the highest price, when he tweeted, Dogecoin immediately rose to the highest price , an influencer like him does have a big influence in making things even more confusing

Didn’t see any new tweet about DOGE though but surely, that pump was because of the news that Elon bought twitter and most probably it will continue to pump the moment Elon starts to hype DOGE again. Be careful because this can be a trap again, don’t just buy because of that hype try to analyze first. There’s no big updates with DOGE and hard to tell the reason of that increase.

Trough Elon Musk still most most influential person I think he can manage Doge coin price pump drastically and looking many investor want to buy Doge coin, last day he made another surprise thing after success make company stock in my country drastically up more than 10% after he only show product only, he most  influential with Elon Musk can make anything change drastically when become the advertiser, I think looks crazy he can did anything how to make price pump suddenly but lately will drop drastically but still have magic to make price pump.

If Elon Musk starts integrating DOGE into Twitter, the cryptocurrency's price will skyrocket at a very fast pace. How sustainable prices will be will greatly depend on mainstream demand. Maybe DOGE will reach $1 within a brief period of time? What matters is not the price per coin but rather its usefulness. I wouldn't say it's convenient to invest into Dogecoin for the long-term because of the way it was designed. Development progress is practically abandoned, while the coin's supply is infinitely expanding.

With these downsides, Dogecoin only serves as digital cash than a solid investment like Bitcoin or Ethereum. Elon Musk is known to bring a lot of mainstream attention, so the Twitter buyout was expected to have a positive effect over DOGE's price. As long as Dogecoin's decentralization is not affected, nothing else matters. Just my opinion :)

I'm sure Elon Musk has an important role for Dogecoin to strengthen, because basically Dogecoin before Elon Musk often made tweets on Twitter, it wasn't really taken into account, although there were other influences that might coincide with the hype, but the most influential I think Elon Musk, we always invest Careful and analysis is needed to get started
That's how influencers work, moreover he has his own stake in increasing the popularity of Dogecoin, which in the end he showed people, that real power is when he wants to do something, especially when it comes to investing that involves many people and I believe Elon Musk has an important role in this. dogecoin upgrade

I was surprised by the increase experienced by Dogecoin recently, but surely this pump has something to do with Elon Must, some time ago I saw Elon's tweet that he would continue to hold some coins for invested, maybe one of them still chooses doge coin.

In fact, the only reason for the dogecoin hype was Elon Musk. Simply think newbie or old every investors now clear dogecoin long trem and they will never gone to scam. I was surprised because in 2017 i rejected dogecoin in my mind and then i was solding all dogecoin. However i would like to say that in the future dogecoin will give some good gifts to all investor even without me.

It's not a spectacular pump though, and perhaps it's just a normal market movement after all. Perhaps people are trying to relate it to Elon Musk buying Twitter and all that, but it could be anything, really. Lately, doge has been stagnant, and every time Elon does something that shocks everyone, the price of dogecoin follows. Maybe it's just that, given that he played with doge a lot of times and helped pump it to insane heights since 2021.

Elon buying twitter caused the massive pump for dogecoin. People speculated that Elon will do something with dogecoin and twitter. They all bought it, and the price went up. Others that were holding doge for quite a while was waiting for this opportunity to dump their coins and take all their profit. The price went down already. I believe Dogecoin is going to be very volatile for the next few months. But I am quite sure it will go up when Elon does mention something about crypto currencies. Twitter was already experimenting tipping users with crypto currencies. Dogecoin was initially used for tipping users in different community forum.

doge coin now be one of cryptocurrency assets in his bag, and he will doing alot to increase its price. as he said before ,doge coin more accepted as mass  currency than bitcoin. moreover now elon musk buying twitter, it could be next strategy about his seriousness pumping doge coin price. rumor that speaded in market twitter will accept doge in their payment system , when it realized hard pump could not avoided.

The best theory in this regard is, because Elon Musk bought twitter, and many people are speculating that Doge will be the official coin for twitter. this will push doge into a very useful coin for crypto users or even people who don't use crypto, but use twitter. however, this will probably make dogecoin more than just a memecoin anymore. however, this is still speculation. people sometimes buy issues, and make doge prices higher.

I'm not surprised either because Elon is the founder of Dogecoin, so might as well its one of his plans to hype dogecoin and so with other meme coins. However, the recent news also give positive effects on bitcoin and the whole crypto market. So as always the case, when bitcoin is surging, it will also create significant price increase on the crypto coins in the market.

If this is because of the transfer of Twitter's ownership then we could say that it was because of Elon Musk but still ain't proven yet.
Well, I could also presume this gonna happen as Dogecoin has been backup by this influential person on earth. But for now, speculations arise and they blame EM for this.

But the question is how long this will stay, or just we put our money at risk. I won't literally consider this a good time to buy if I invest Dogecoins, I don't ride the hype as this seems a trap.

Today is 4/29/2022 and the price of Doge is $0.1377. And this means that today you could buy 16% more Doge coins for the same money than 4 days on. If Elon Musk does not make an important statement about his vision for the development of Doge, then the price will continue to move after bitcoin.

The fact that people who shill just because they are holding some bags is the worst type of advice that could be given. I am not saying that you can't shill your bags, but at the very least you shouldn't be considered a good judge of coins if you do. This is why I believe that we should focus on people who are about to invest a lot more instead of people who already invested.

Because, people who are about to invest into something knows (or should know) everything about a project and they could give up and not invest if you give them a good reason, meaning if they convince you then it's great project, if you convince them then it's bad.

Yes, it is very possible, especially about the DOGE discourse that will become a tool for interplanetary transactions according to the plan
https://www.cnbc.com/2021/05/09/spacex-accepts-dogecoin-payment-for-doge-1-mission-to-the-moon.html

Dogecoin is already a useful coin even before despite of being a meme coin. It was accepted on many platforms so it's not a big deal if Elon makes this coin as an official currency for twitter. When a non crypto user bought dogecoin only for twitter purposes, they are still or they are now considered as a crypto user but what do you mean by buy issues? Is this some kind of a problem or something negative?

But, how can that make the price go higher? The price supposed to remain where it was since it doesn't get a demand for that reason but anyway the price starts to move already and it's expected to continue for quite some time.

It's all about Elon Musk. Period. People foolishly believe that Elon Musk's Twitter buyout has a direct relationship with Dogecoin, when in fact, it is not. This happens when one man has influence over DOGE by spreading positive comments about it. Remember, it's not about Elon Musk but rather crypto's Blockchain technology to change our world for the better. Financial inclusion to the unbanked is what matters the most.

One thing for sure is that Dogecoin is just another speculative cryptocurrency like the rest of the other altcoins trading on the market today. With a high inflation rate, and lack of real use cases, what makes you think the cryptocurrency will reach new All-time-highs in price? If DOGE reaches a new All-time-high in price, it will only be for a short period of time. Long-term speaking, it will become worthless because of the way it was designed. Who knows if Elon Musk abandons DOGE for the next big thing in crypto? Just my thoughts ;D

This is just a discussion and planning because for now it hasn't happened yet so there are still other possibilities that will happen to Dogecoin because now many people have started talking about Dogecoin again since Elon Musk bought Twitter.

I think if Elon Musk linked Doge Coin to Twitter then the price of Doge Coin could rise up. However, since it is a meme coin, its price will not increase very soon. However, it is heard that probably we can get the use case for doge coin in future. So the future of Doge Coin is really appreciable. Due to buying the twitter by Elon musk a massive pump of doggy coins happens during that period .

Elon Musk had an important role for dogecoin in strengthening the price at that time, the moment and the hype that was running were also very profitable at that time, it can't be denied that Elon Musk had a big hand in dogecoin's journey, but for now and in the future, I still doubt that dogecoin will find ATH is new again, but for demand and votality could maybe dogecoin will get bigger, because many people have followed what Elon Musk did, but for ATH achievement I don't think it will come

because Elon is also a trending topic in several media, of course, this all will also refer to his past tweets related to Dogecoin.
I believe, Dogecoin has great holders. a large and vibrant community. they build market and community trust well.
more people will be interested in dogecoin and if Elon does something again, I think dogecoin could explode again to become a hot topic in the community.

Probably some people or group trying to shill the Dogecoin because of Elon news about buying the Twitter. Usually if there is a big news related to Elon the Dogecoin community reacts to it since they know that this will create a big news and they will shill the community and the price would pump but look what happened after pumping? It goes back to its normal track.

ya.ya.yo!

By buying twitter by Elon Musk, many investors are convinced that Dogecoin will reach the highest price this year, and now the impact is starting to be seen a little on the price of dogecoin, and the achievement of $ 1 for the future will definitely happen, and currently we who still have capital then invest in dogecoin is the right choice, and rest assured Elon musk will definitely turn Dogecoin into a top-ranked competitor of CMC later.

I think the current doge price increase is because people speculate when they see Elon buying shares from Twitter.
I don't think this has anything to do with it, but in fact the price of doge is currently rising when Elon has already bought Twitter shares.
for short-term trading may be suitable doge. because it is very easy to pump. but I harag doge should have thought about the project that will be developed using this coin.
We can see that many people know dogge and the market cap is already big. I think this is the initial capital to make Doge a part of Elon's future project

I'm still wondering, is the price of Dogecoin today greatly influenced by Elon Musk who has bought twitter? because so many people say that the dogecoin price hike was caused by Elon Musk. and many people always involve Elon Musk in the increase in Cryptocurency prices. Bitcoin, Dogecoin and Shiba Inu are what Elonmusk has always been involved with in recent years.

I can't say that DOGE has no real use, yet it is a favorite tool of exchange traders and judging by 2021, some companies began to add DOGE as a means of payment for their goods and services, although about adding a means of payment, I am not sure that it was not without the influence of tweets of Ilon Musk. After all, these tweets popularized DOGE in the crypto community. DOGE is now completely dependent on the sentiments of one man, in fact this project has become highly centralized, and once Musk stops paying so much attention to DOGE, it will very quickly return to the values that the project had before 2020.

Where did you get such information that Elon Musk bought Twitter? As far as I know, the deal itself has not been concluded at the moment, since Elon Musk made a demand to provide information about the number of bots in this social network, which was not fulfilled.

"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users" - https://twitter.com/elonmusk/status/1525049369552048129

Dogecoin used to be just a joke coin.
However, over time there was a large community and world millionaires who supported Dogecoin until it rose significantly.
In addition, Dogecoin also launched a new project to prove that the coin is indeed worth investing in.
So don't be surprised if Dogecoin has increased in price.

yes you are right the coin used to be a joke coin, but after Elon Musk managed and took over, this memecoin exploded and so far looks very stable in the crypto market even though the market is still in a bearish method, maybe because of tweets that say he has a lot investing in doge coin is what makes crypto users and investors interested in investing with this coin.

At least there are signs of mainstream adoption increasing for the cryptocurrency. Things would've been worse if DOGE was only taken as a speculative investment. With inexpensive fees, and low market prices, Dogecoin becomes extremely useful for day-to-day payments. The pump was mainly driven by Elon Musk, but the coin could rise on its own if adoption continues to soar towards new levels.

Dogecoin is very old but with a strong foundation behind it. The community is still actively supporting the cryptocurrency, even though development progress has stalled (as far as I'm aware). Newer coins have fallen quickly because they lacked strong community backing. Who knows if DOGE gets to live alongside BTC and ETH for generations? Just my thoughts ;D

But it is not used so much anymore, because opportunities for inter-exchange arbitrage have fallen dramatically and many exchanges have introduced KYC. Earlier, in 2016-2018, crypto-assets prices had a bit bigger spread, personally from my observations and DOGE in this regard helped a lot to profit from this price difference, transferring value between exchanges. Now it has become much more difficult, so DOGE is increasingly shifting towards speculative use only. The project does not develop technically, though why be surprised, it is a fork, a common meme-coin, not a platform for smart contracts, for example. I once read that developers wanted to introduce DOGE staking, but now I'm more inclined to believe that it was just news for the sake of news, to whet the excitement to buy the coin.

Lots of investors have been attracted to it knowing that it could easily be manipulated by huge personalities and influencers like Elon Musk. His tweets influenced its price so it pumped a good price last time but since we're in the bearish season, they can't influence it the same way again. I believe that when the market recovers again, dogecoin will be hyped and could possibly pump.

Isn't Doge actually a speculative investment?  Even Bitcoin which has a way more real-life usage is considered a speculative investment by many popular financial people.  Worst is that Dogecoin has no supply limit making it one of the worst investments in cryptocurrency when coin inflation is taken into consideration.


That is why I don't understand why people keep on flocking to Dogecoin.  No new development and what remains is the hyping of Elon Musk for possibly personal interest.

The classic pumping and dumping operation, as always Elon Musk, is doing this very well, both financially and appealing to a strong audience. It has long had a strong community and volume thanks to Elon-musk. I think the Twitter buying thing will come up again and they can go over it for a while. A coin with so much speculation can drop very hard in one day, even though its volume is high, I think this can happen.