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

[Oasisman]

The main reason why dogecoin is really pumping very hard and massively is because it was being shilled by plenty of social media influencers and billionaires such Elon Musk but I think if it wasn't got any attention and not getting shilled by Elon it will not gonna soar and pump greatly.

Before the Elon tweet, Doge has been advertised and was shill by the people in the social media. Despite the fact that this Dogecoin has no real use cases and was created for fun, but people still buying it, thus it started to gain value.
This is the same reason why Elon wanted to mess around with Dogecoin. His tweet is undoubtedly one of the major factor why Dogecoin just pumped. Without his tweet, there must be someone who would use their social media influence to shill Dogecoin.
The crypto community and all social media platforms has been flooded by the word "Dogecoin". So, people are getting curious and put their money on the latter after learning about Doge's pump.

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[virtualdn]

It won't grow without his support because it needs sustained pump from a major influencer.

Look at my thread here to see why I wouldn't invest $1 in Dogecoin: https://bitcointalk.org/index.php?topic=5336465.0

[dzonikg28]

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.

Yes but this are the stats for the first wallet:

36,711,939,078 DOGE ($18,576,189,038 USD)

Who in his right mind would still keep holding rather than selling? It can of course only be a multi-billionaire.

[Miaallen]

Just like you already know that DOGE COIN doesn't have uniqueness that makes it different from the other shit  coins like SHIB that you mentioned. And the reason for them soaring in price at the moment is because Musk is aggressively tweeting about that. His personality is what people support not the DOGE. And one certain thing is that once Musk stops promoting it, it dies and gets back to where it originally belongs because of its no utilities.

[virtualdn]

No it cannot, see my thread here where I explain everything about Dogecoin and why you shouldn't fail into this trap, be wise and invest your money accordingly.

https://bitcointalk.org/index.php?topic=5336465.0

[naira]

Just like you already know that DOGE COIN doesn't have uniqueness that makes it different from the other shit  coins like SHIB that you mentioned. And the reason for them soaring in price at the moment is because Musk is aggressively tweeting about that. His personality is what people support not the DOGE. And one certain thing is that once Musk stops promoting it, it dies and gets back to where it originally belongs because of its no utilities.

for now it is quite sure to take it off rather than trying a higher price, I personally try to put up a purchase at a lower price, so far I see the fomo that happened outside of Elon's tweet. this is totally real and doge is a meme coin that would be better off to take momentum just not for the long term if it were for me

[adekogbe]

Speculation is one if the factors that contribute to the valuation of cryptocurrencies in the present market. Unlike the stock market, cryptocurrency markets lack a lot of fundamental factors to back the evaluation of price and for that reason a lot of speculation drives price up or down.
A tweet from Elon Musk about dogecoin for example has no direct impact on project itself, but it can impact how people see the project and that speculation will drive the price up

[Beparanf]

Just like you already know that DOGE COIN doesn't have uniqueness that makes it different from the other shit  coins like SHIB that you mentioned. And the reason for them soaring in price at the moment is because Musk is aggressively tweeting about that. His personality is what people support not the DOGE. And one certain thing is that once Musk stops promoting it, it dies and gets back to where it originally belongs because of its no utilities.

Not only twitting but he personally holding huge amount of it before he shills it. Most probably he is still accumulating every he tweet about DOGE. Elon is a very clever investor as we can see on his 2 ambitious company. Everything that happening on Doge right now is planned by Elon and I'm that this price action is for long run. Maybe the devs will finally announce about the supply limit when Elon already finished accumulating.

[Renampun]

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 feel funny with the doge bull because Elon and I think the next one is Shibatoken...

It won't grow without his support because it needs sustained pump from a major influencer.

Look at my thread here to see why I wouldn't invest $1 in Dogecoin: https://bitcointalk.org/index.php?topic=5336465.0

Elon is the hero for the doge bullish, without the help of Elon's tweet we wouldn't have seen a doge go past $ 0.1 until now. lucky those who hodl doge since last year.

[Gayong88]

In terms of growth in Doge Coins has been very good lately, support for the development of Doge coins has been a lot more than Elon Musk himself. As long as the musk support is there, it is certain that Doge will bounce quickly, but if the intensity of Elon's Tweet decreases, the intensity will certainly decrease, even though it is not significant.

[gurunanakji777]

Yes in my opinion Elon regular tweets about Doge helps Doge to reach this level because we all know Elon has a good market reputation, When he tweets about Doge most of the traders start buying Doge and the result is all we know and even one can not imagine Doge reach to this level anyways apart from this nowadays Shiba is also doing good and in a short time many investors invest in the Shiba and we can see Shiba also has huge community that supports Shiba. Let's see how Shiba will perform in the coming time.

[Botnake]

In terms of growth in Doge Coins has been very good lately, support for the development of Doge coins has been a lot more than Elon Musk himself. As long as the musk support is there, it is certain that Doge will bounce quickly, but if the intensity of Elon's Tweet decreases, the intensity will certainly decrease, even though it is not significant.

The question is if Musk did not tweet, will DOGE soar? I guess it will not soar this high but given that we are in a bullish period, DOGE will also have this pump but the big factor of the success of DOGE this year is due to Elon Musk and none other. Unfortunately, this kind of success is just short-term and DOGE does not really have the fundamentals.

[v3liana]

i think the price could still go up even though elon musk doesn't tweet about doge. Few days ago there are rumors that DOGE will be listed on the coinbase, if this is true the price of DOGE can go up so it might reach the new ATH.

[Darktongue]

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？

You did a great job. who knows the future of shiba coins. From yesterday we have been seeing the real value of shiba coins. The next Dogecoin is now Shiba. Now the question is who is the next? Maybe we can follow here everyone post and research more. Dogecoin is always the top place, but without Elon Musk, this cap doesn't deserve "Dogecoin"

[Distinctin]

i think the price could still go up even though elon musk doesn't tweet about doge. Few days ago there are rumors that DOGE will be listed on the coinbase, if this is true the price of DOGE can go up so it might reach the new ATH.

yes, of course, it will move high as we are in the bullish season but I can't think having that huge pump if not Elon Musk who come and lifted it high. So I can say that Mr. Musk has a big influence on its pump and this will continue until he leaves Doge and crypto. This is saying how manipulation works but I believe many we're happy about this and they are not in regrets following what Elon Musk said.

[muratsink]

Doge really need Elon Musk to make new tweet and keep promoting how to make Doge coin raise to higher price, without Elon Musk help maybe we never see Doge coin raise to higher price and not any chance to get profit with Doge coin. Still take time after last day  Doge coin back to lower price and now have big chance back again to higher price.

[Sithara007]

As far as I know, Dogecoin has hardly any real life usage. Even for payments, there are far more stores and outlets accepting altcoins such as Ethereum Classic, Litecoin and Bitcoin Cash compared to those which accept Dogecoin. On top of that, the high volatility and limited liquidity makes Dogecoin unsuitable for making payments. Apart from this, I don't think that Dogecoin has any other uses. So the spike is almost solely coming from the social media hype, triggered by celebrities such as Elon Musk.

[TelolettOm]

I agree that if Elon Musk had not tweeted about his doge the rise would not be what it is today. because Elon Musk who continues to support Doge and many other crypto influencers who are also Fomo doge make it rise as it is now. The media also plays a role in conveying information so that many new investors are interested in buying Dogecoin, Trading like this is high volatility and risk

[ElmedoRator]

I think the influence from ELon on this coin is too great, not only doge coin but the whole market is also being influenced by such influencers. I don't think how much a doge costs at this point doesn't matter much.

[xianbits]

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.

Today when the price went down to almost 0.40$, people keep on tagging Elon to "save them" from misery of losing. I can't imagine how many hate messages will this man get when this price dump continues to go deeper.
Let's see if Elon will tweet in the coming days.

- Presumably Elon Musk won't post any further information about dogecoin in the coming days, he has had enough of what he needs in this war and he has also completed the duty of an influencer, dogecoin has moved on an existing roadmap and what Elon Musk expected is now just a familiar scenario of the past, no doubt that too many people have been fooled into these tweets. Continuing to scream and protest, even calling on Elon Musk's name will not have any key effect, accepting the pursuit of the game must know that will result like that.

I believe he will continue on his tweets because there are still a large number of his believers who were trapped by the sudden dump, that are waiting for that Holy Tweet. I just hope these people can "exit the market" on Elon's next tweet.