If Musk doesn't tweet Dogecoin, can it still soar?

[NewRanger]

Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

I'm not sure if elon musk didn't tweet Dogecoin would be so high as it is today. because elon musk has a large connection and community in every business. So after Elon Musk tweeted about Dogecoin, it was certain that many people were affected by it.

every elon musk tweet's about doge always have significant effect to doge price. crypto market need influencer from big entepreneur such elon , crypto investors be more comfortable if people like him talking about coin. and elon musk did it , so market give positive respon . fortunately doge have it, from price history its pumped alot since elon continuesly talking.

[smyslov]

Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

If he will not mention Dogecoin again positive or negative I don't think it will soar again, there's no innovation on Dogecoin that investors will buy and hold, there are a lot of better coins in the market that deserves attention and Elon Musk's motives is to enrich himself and make money.

If there's no tweet for two months it will go back to its old price, and investors will likely dump it.

[Mahdirakib]

Without Elon Musk, Doge would be nothing. Doge has a large aggregate supply, it is not hierarchical and there are some people who hold too many Doge. That's the big downside threat I'm aware of. Doge's value is being manipulated, and I think it will soon be trampled when Bitcoin falls sharply.

People are investing in dogecoin being carried away of Elon Musk tweet. That's true, the price is manipulated, Elon Musk shilled a lot for dogecoin and he is doing it continuously too. In recent days, dogecoin price surge nicely while other crypto was going through a notable price correction. I don't think investors of doge have the plan to hold their coin for long term. Doge price has higher chance to fall sharply and it will happen if big whales stop shilling for doge.

[dikistutmazsabri]

Elon Musk and his tweets have a huge role in the rise of Doge Coin. We can say that until this time, the doge coin was known so much, thanks to Elon Musk. If he doesn't keep on tweeting and explaining his doge coin, the doge coin will hardly rise. I guess people invested because they trust elon musk.

[boty]

Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

If he will not mention Dogecoin again positive or negative I don't think it will soar again, there's no innovation on Dogecoin that investors will buy and hold, there are a lot of better coins in the market that deserves attention and Elon Musk's motives is to enrich himself and make money.

If there's no tweet for two months it will go back to its old price, and investors will likely dump it.

its pure speculation from investors due elon must tweet. they think elon invest in dogecoin . if we compare between dogecoin and other alt that have better technology and utility looks its irrational at all. but everything could happen in cryptomarket and doge coin prove it now. with a single tweet market move crazy.

[xianbits]

Well, Dogecoin has been successful even before Elon Musk twitted about it.  Dogecoin land on one of top list in CMC despite of being just a meme coin.
Now, the Musk tweet surely helped Dogecoin to soar even higher.
So, to answer your question in the title,

Re: If Musk doesn't tweet Dogecoin, can it still soar?

Yes, It can still soar, but not as much as what we have today after the Elon Musk tweet. I mean he is a good influence to whatever he says people probably will follow.

Well, the supply of Doge made it on the top list. Even if it was still cheap, before all the hype and even before the start of the bull market, it was always one of the top in terms of marketcap because of its very huge supply. So, I can't totally agree that it was successful before this Elon thing, because most people don't take Doge seriously before.

[goaldigger]

Elon Musk and his tweets have a huge role in the rise of Doge Coin. We can say that until this time, the doge coin was known so much, thanks to Elon Musk. If he doesn't keep on tweeting and explaining his doge coin, the doge coin will hardly rise. I guess people invested because they trust elon musk.

Without this hype, DOGE will remain as a meme but since Elon changes the perspective of many investors with regards to DOGE, it was able to land on the top and until now the hype is there and Elon keeps on hyping DOGE.

If you’re a scalpers or short term trader, you can make a lot of money with DOGE if you follow the trend, its pump and dump trend good enough to make money. I’m sure traders are working hard already with DOGE, keep monitoring.

[KimmyF]

Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

I don't know why we're becoming part of the hype announcement. We got so many hype altcoins news during every bullrun of cryptocurrency. Almost 53 times pumped, which price isn't possible without the "Elon Musk" tweet. Dogecoin prices could overcome 10 times profit without "Elon Musk" tweets. I'm sure any billions if they tweet about good volume altcoins, the price must be noticable high.

[CaVO32]

Elon Musk and his tweets have a huge role in the rise of Doge Coin. We can say that until this time, the doge coin was known so much, thanks to Elon Musk. If he doesn't keep on tweeting and explaining his doge coin, the doge coin will hardly rise. I guess people invested because they trust elon musk.

Without this hype, DOGE will remain as a meme but since Elon changes the perspective of many investors with regards to DOGE, it was able to land on the top and until now the hype is there and Elon keeps on hyping DOGE.

If you’re a scalpers or short term trader, you can make a lot of money with DOGE if you follow the trend, its pump and dump trend good enough to make money. I’m sure traders are working hard already with DOGE, keep monitoring.

For now, I don't think Elon is stopping to promote this coin. But til then, holders should make sure to get profit out of it before he got tired of tweeting about this coin. Remember, his support is not forever. Sooner or later, he will find another interesting coin to support with. And no one knows for sure which one. Just be safe also with your investments on this coin. Unless, the doge team will find a very good use case that can sustain the interest of crypto users.

[bitkanu]

If he doesn't keep on tweeting and explaining his doge coin, the doge coin will hardly rise. I guess people invested because they trust elon musk.

Agreed, So many people in the world know doge coin from elon's tweet. Elon has more than 52 million followers on twitter and imagines a few million were going to the doge as the Impact from the tweet created by elon. that's a huge dude. A lot of people have been talking about doge coin since last year even some believe the next gold.
Elon has been giving massive exposure to the doge and crypto.

[iTradeChips]

If he doesn't keep on tweeting and explaining his doge coin, the doge coin will hardly rise. I guess people invested because they trust elon musk.

Agreed, So many people in the world know doge coin from elon's tweet. Elon has more than 52 million followers on twitter and imagines a few million were going to the doge as the Impact from the tweet created by elon. that's a huge dude. A lot of people have been talking about doge coin since last year even some believe the next gold.
Elon has been giving massive exposure to the doge and crypto.

But how about this scenario. Let us just say that this constant push on DOGE will continue for a few more months. Let's just say that Elon has been tweeting always about DOGE on his social media pages, and so constant that people got fed up with the bombardment. What if there will be at that time more losers than winners in trading of DOGE that they don't really care about his tweets anymore and there will no longer be a hype? Now that is one thing we need to consider as well.

[bittick]

its pure speculation from investors due elon must tweet. they think elon invest in dogecoin . if we compare between dogecoin and other alt that have better technology and utility looks its irrational at all. but everything could happen in cryptomarket and doge coin prove it now. with a single tweet market move crazy.

But to be fair most of cryptocurrencies that already circulating in market doesn't get judged from the technology perspective or any innovation the bring to the community, there are fairly many other coins that technologically speaking surpass that of bitcoin (knowing it's the first cryptocurrency like ever which is normal) and any other coins that comes recently after bitcoin's first emergence. But in the case of doge, it's quite true that doge as a coin, isn't really that special compared to other, but it's good its market capital rising from the market which have so many speculators. I personally think doge is the $GME of crypto market, the price comes purely from hype.

[LogitechMouse]

Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

In the past, there was only Bitcoin not until 2013 when Vitalik proposed what is Ethereum right now and right after that there are other coin joining into the crypto.
It is almost the same as DOGE right now. With DOGE becoming popular, other coins that are indirectly related to it like these coins that is somewhat related to dogs are being created and worst there are some investors of it . Well if it is just for a short term profit then good.

People can create any token they want that has a name of a dog but DOGE is unique because there is only one DOGE . Now regarding Musk, the more he tweets the more it becomes dangerous TBH especially for those who are risking some money into it. Lets take it, there are some newbie investors out there who are falling into the hype of Musk regarding Dogecoin and every tweet of him will make it soar. After it will soar, many holders will sell it causing it to dump. Remember that there are some DOGE addresses out there who are holding a huge percentage of the total supply of DOGE and they can dump it anytime they want to .

[poldanmig]

No. I'm pretty sure this doge's rise is due to elon musk's tweets. if he didn't tweet about doge surely the increase that happened would not be what it is today. this is really crazy within 1 year doge rose quite fantastic because of sentiment from elon musk. plus the market is currently in a bullish state. but elon musk has also been in controversy because he previously tweeted that doge was already expensive

[Koro-Sensei]

I don't know, but musk has a big impact on the doge pump. without him maybe the doge will only be seen as a meme coin. and if there is no him, the doge can still rise but not as high as when he supports him. as you said doge is a special coin and no other cheap coin can follow doge.

The momentum created by Elon made the Dogecoin market stronger and more adoption from the market.
what is done is not related to the function of Dogecoin. but we can see how much of the crypto community is also following what Elon is doing.
I hope Dogecoin gets better not only because of the memes Elon created. but has clear functionality for future market developments.

Yeah and people are trusting this coin has value that's why its rising exponentially. Elon is the one responsible for giving this coin a chance to have that kind of market cap which is insanely good.

[Botnake]

I guess no, it might pump but due to the bull run sentiment but not this high.

That's why I consider DOGE as an overvalued coin right now and that is due to the hype, Elon has a lot of followers, big influencer so it's just normal to see this kind of FOMO from these people who doesn't really understand about the future of DOGE, all they see is the moon thing and then they follow blindly.

[Altcoinsintel]

If no celebrity tweets about Doge again, it will pull back and become as worthless as it is in practical terms. This is the power of hype and fomo and there is nothing beyond that for Dogecoin.
Musk made some Dogecoin whales very wealthy, they sold and made billions from it and perhaps Musk now can call them and have tea or a drink together and discuss Doge memes and how to keep their pump and dumps on.

[capokmerah]

every Tweet from Elon Musk is like a Green Light to boost Popularity and Price. the same as Bitcoin before. In my opinion, when Elon Musk flicks about Doge people like the Great Pope take the opportunity and the people are tricked into causing a very high jump in prices. this is insane!

[Abiky]

Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shiba, HOGE, who will be the next Dogecoin？

Or is there only only one unique Dogecoin？

Dogecoin is succeeding because of Mr. Musk's shilling across social media. It'll be all over once he gets bored of DOGE and moves on to the next big thing in crypto. People are only pumping the "meme" coin because of Elon Musk's opinion about it. Once he shills another coin, expect DOGE to go below $0.01 on the market. Believe me, there is only one unique Dogecoin. And that one goes under the ticker "DOGE". The other projects are simply clones with the aim of filling developers' pockets with money in the least time possible. Newcomers into crypto will fall into the scheme due to greed. It's amazing how someone can manipulate a coin's price by posting positive comments about it on Twitter. Mark Cuban is doing the same as Elon Musk, praising Dogecoin in every way. Only a fool will invest into Dogecoin when prices are going all the way to the moon.

All in all, time will tell us whenever Dogecoin will retain its value in the long run, or fade into oblivion. It doesn't matter who shills DOGE, but rather the fundamentals of the underlying cryptocurrency. Dogecoin may be popular in the mainstream world, but it lacks development and innovation. With better coins out there on the market, I don't see Dogecoin having a future anytime soon. The current trend may only be temporary as people move on to the next big thing in crypto. Just my thoughts

[Botnake]

The impact of influencers like Elon Musk is indeed very strong, maybe if Elon Musk didn't tweet, Dogecoin would not have gone up this high, but I believe Dogecoin will continue to rise following the market movement, but again, it won't be this high, this proves that its influence from an influencer is huge

it could happen also because of the support from a strong market. a moment that occurs when the market is strong and some influencers have a large following, especially when he is being highly noticed by the world market with his car project and rocket launches.
and now it's not only Elon who supports Dogecoin. others like Elon also currently support dogecoin.

Elon knows the right timing, he would not shill Dogecoin if the market is not at the bullish trend, we don't know if he is really holding DOGE or just using DOGE to increase his holding on bitcoin and ETH.. These billionaires will hold the strongest coin in the market and without a doubt bitcoin is the strongest with a strong potential in the future.

In short, DOGE is just a vehicle to increase his btc stash, soon it will dump.