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

[ivankoh]

I think without the impact of Elon Musk, and the billionaires allied with him have had an indirect effect on twitter, Doge wouldn't have a huge influx of money into it.  Obviously, Elon Musk is attracting enough attention to give Doge's trust.  I find it quite funny, in 3 bitcoin price adjustments, up to 2 times Doge floats when bitcoin is dumped.  Does it slip out of the friction?

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[seramania]

still can, but not as high as now. elon musk had a big impact on the doge pump, some of his tweets were successful in driving up prices. he seemed to bewitch all of his followers to buy a doge. but without him the doge will still go up because the effects of the bullrun and altcoin season have started.

That's right, Doge coin can still get a significant increase as crypto season is going on, but not sure it will be big like it is now. maybe the doge position would be replaced by another coin if elon musk didn't talk about doge very often. Nowadays everyone is focused on doge and that is fortune doge is in demand by many people this season

[BintangBuleun]

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？

What are the strengths of Dogira, Shiba, and Hoge?
Dogecoin has been through a ten-year crisis, and now it's Elon Musk to make it praiseworthy in the eyes of crypto users.
If indeed Dogira, Shiba, and Hoge were able to bring in someone who made him rise, of course this would be like Dogecoin today.
Dogira, Shiba, and Hoge use Ethereum smart contracts, so these coins are very dependent on Ethereum transaction speed. It means not independent.

[alexeyLis]

All this hype around Dogecoin is just a way to show how parasitic influence social networks have. By itself, Dogecoin is useless, it is something that is a disgrace to the crypto world. By the way, like many other coins, which I will not mention here. So I can tell people reading this post to be careful about this coin  .

[FanEagle]

I think there is a possibility that it would not soar as high as it is right now because Elon Musk advertisement of Dogecoin has clearly influenced a lot of investors. Just like what he did with bitcoin, as he bought a huge amount of it, the value spiked up and many people started investing on it once again. He is a huge personality who is capable of controlling not only the price of any coin he choses but also the decision making of the crypto enthusiasts who clearly believe in him. It wouldn't be a surprise if ever he can make Dogecoin become more successful in the future so watch out for it and start investing if you think it would make it to the top someday.

Well dogecoin is already at the big table now. A coin that wasn't even in the top 20 a year ago I think, is now the fourth biggest coin. I know it makes no sense to me neither but they managed to buy it and hype it to this level.

I think without Elon it could still succeed but it would be harder, it would have a chance to go down even more without Elon and would be very fragile. However there is still a huge chance it could go down very fast even with Elon tweeting about it, it would be a harder situation than not tweeting one but it is still possible that it could go down. This is why I think it should be obvious to anyone who thinks that it is a good investment that Elon is a helper, he makes it easier, but he is not the only thing, its easier with him and harder without him and nobody can deny that its %100 fact but he is not the whole thing.

[Abiky]

Well, I think that the excitement in Dogecoin was sparked by Elon Musk. maybe Elon Musk did not directly provide information about what he was going to do with Dogecoin. however, I think that was the main driver that made the Dogecoin price what it is today. if Elon Musk had not tweeted about it, I don't think the price would be as high as it is today.

Of course. Elon Musk is the one behind DOGE's massive pump. People are foolish enough to follow another person's opinion instead of doing their own research about it. You and I know that Dogecoin is a "joke" cryptocurrency with no future ahead of it. Developers designed it to be that way intentionally just for fun. It's no wonder why DOGE has a huge inflation rate with a vast number of coins in circulation. According to the rules of supply and demand, Dogecoin should become worthless in the long run. In other words, Dogecoin's current price is NOT sustainable. It'll be all over once Elon Musk gets bored of Dogecoin and begins shilling another cryptocurrency like Bitcoin or Ethereum. Those who bought DOGE now, will regret themselves in the long run once everything goes down the drain at a fast pace.

Nonetheless, no one knows what will happen in the future. Everything is a mystery in crypto land these days. I'd be surprised if DOGE hits $1 between the end of 2021 and the beginning of 2022. It'll be a great opportunity for holders to profit in the short term. But don't expect its price to last for long because of the aforementioned reasons. There are far better cryptocurrencies out there on the market which are scarcer, faster, and actively-developed than Dogecoin itself. Just my thoughts

[Psynthax]

All this hype around Dogecoin is just a way to show how parasitic influence social networks have. By itself, Dogecoin is useless, it is something that is a disgrace to the crypto world. By the way, like many other coins, which I will not mention here. So I can tell people reading this post to be careful about this coin  .

dogecoin have its own use and not exactly useless but it's true that if compared to other coin doge is just really lacking and seems greatly overhyped. Though, isn't social media influence always have big influence? it's not only happening in crypto market but various other markets as well like stocks, automobile, etc basically  the people who could pursue people into following their idea being called influencer for a reason. Though I do agree, if people ready to make profit from doge pump and dump scheme they should also ready to get their capital busted into dust which honestly isn't gonna happen as long as elon keep shilling it.

[Sithara007]

dogecoin have its own use and not exactly useless but it's true that if compared to other coin doge is just really lacking and seems greatly overhyped. Though, isn't social media influence always have big influence? it's not only happening in crypto market but various other markets as well like stocks, automobile, etc basically  the people who could pursue people into following their idea being called influencer for a reason. Though I do agree, if people ready to make profit from doge pump and dump scheme they should also ready to get their capital busted into dust which honestly isn't gonna happen as long as elon keep shilling it.

Doge doesn't have any unique usage. It's only use is for making payments and purchases. And for this purpose we have much better alternatives available in the cryptocurrency market. And Dogecoin is going up just because of the hype surrounding it and due to price manipulation, and not due to any real increase in adoption or acceptability in the cryptocurrency sector. Right now we are in a "pump" phase for Dogecoin. I am waiting for the "dump" to occur. And there is going to be a bloodbath once that happens. 

[lexkiee28]

I guess it Elon Musk doesn't tweet and shill dogecoin, it will definitely be at its stable price of around 0.05 to at most 0.01 because fundamentally dogecoin doesn't have any usecase it was just created as a meme coin.

[coin-investor]

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？

Elon musk support of Dogecoin comes at the right time there are new people coming in looking for new coins to invest and because Elon is very popular, new investors come to support Elon, it's a domino effect people comes in to invest because they see the profit that people are going to make, there's still risk if the time comes when Elon dumps his Dogecoin shares.

[VanDeinsberg12]

Once upon a time, dogecoin was not very popular because of its inferior use to other altcoins, so it didn't even occur to people to invest in Dogecoin, but when elon musk tweeted about Dogecoin, this had a huge impact on Dogecoin, Dogecoin which was initially neglected, is now becoming major influence for the crypto market

One upon a time this coin does'nt stop to rise. Is it really Musk who contributes to this unprecedented rise? I don't know anymore, it is just unbelievable how this coin is going up. It seems to be a community effort that required for others to pay respect. This is what a community can do.

The pump was indeed caused by community but also strongly motivated by elon's behaviour towards doge coin, what do you think the reason that makes people believe its gonna go as far as $1? elon.
It's like the whole doge market is actually put their attention to elon despite elon himself doesn't even bother putting some money into it. Maybe the community think with elon the coin could get significant increase in exposure that cause them feel bullish.
but if that's the only reason, i'm pretty sure the market isn't gonna solid in the future.

[muratsink]

Without Elon  Musk Doge is shit coin and never can touch higher price like now, I think keep lower price without tweet by Elon musk. Maybe Doge coin never have moment forbreak out without support from Elon Musk, most special Elon Musk never give chance for the other coin to tweet and only believe with Doge coin.

[akirasendo17]

Elon has some part of the pump of the coin but, it's the community who just fuel the pump, every time musk says something about dog everyone makes speculation like its cryptic its means dogecoin, and they spread it with videos, pictures that Elon 100% say the word, some videos also fake like the last time I saw Elon with a hanky in the face, which I think is just a look a like not Elon himself.
The negative side of this is people who just came to crypto thought that it's a good sign, what happens is that they bought the coin at a high price, when it goes down, they are the casualties since they need to sell it since they don't have the experience to cover the loses.

[jesselui]

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 think absolutely not. There is no quality in the project. I can't see the future. Such coins can only rise with the speculation of billionaires like Elon. Therefore, dogecoin will not last long. But I can say that it has become clear that it will reach 1 dollar.

[malikg18]

If Musk would not behind Dogecoin then Dogecoin will be at its original place and not increased many xs. It would be less than 100 satoshi.Its totally hyped coin and be dump after leaving Musk'hand.

[Nalbo]

The firs unnatural hike in price of dogecoin started from a tik tok influencer. So, it doesn't have to be Musk to make it soar just someone whom people follow blindly. Elon Musk though a bit crazy and making efforts to act against the established principles, has a much higher intellect than any other infuencer. He's recently been warning about investment in Dogecoin at the moment and everyone should consider it.

[Zilon]

News and volatility affects market volume(capitalisation) so greatly. Elon musk tweets and stakes added to the spike that occured in doge coin which triggered other investors from all over the world to invest in the meme coin. Regardless of the project behind the coin onces it has a big company or reputable support from influential personalities it creates room for higher market cap causing a drastic inflation

[kokrokok]

elon musk made people buy blindly and had an unreasonable rise until now if elon musk didn't tweet about DOGE, I'm pretty sure it wouldn't cost more than 100 satosi.

[virtualdn]

Yes it can soar right down in the hole. This guy must pump Dogecoin for a long time else he will get a lot of hate from the one's losing money and that's not good. A master manipulator if you ask me.

[Galley]

In general, the further the more I am surprised by the situation with DOGE. She generally reminds me of a kind of psychosis. There is no need to insert chips into people's heads, as they scare us. Elon Musk, with one tweet, makes people do what they just wouldn't do on the basis of their reasoning. The situation can be said to be frightening. And what will happen tomorrow?