Dogecoin is now being pumped with BTC

[virtualdn]

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

[1715133769]

1715133769

[mrdeposit]

Musk's latest tweet triggered hope in those who wanted to make profit. Expecting that on the 8th of May he will say something about doge. It has already reached almost $0.5 and is a huge value for this nature. His followers still believe that Elon has done something, unaware that they are the ones who pumped the price. I wonder, if he believed in doge so much, why did he make a statement that he invested in BTC and accepted payments with BTC at Tesla? Is not that a good reason not to believe this man?

[shinratensei_]

Doge already evolved to be another gem like bitcoin. I know that some people like you may feel if doge fully manipulated by the whales.
I think that the whales will not try to sell doge coin until this coin will have surpassed $1.
So many newbies were going to both doge and bitcoin. This time newcomers were seeing doge as lite bitcoin. More and more billionaires shilling for doge and it's difficult to give them all awareness about this.

[jossiel]

BTC's dominance is decreasing.

Yes, you're right. It's always like that in that case. The whales would always turn back to btc after making some sweet profits. This is the time for those altcoins and the money is with them.

But after that, you know what's going to be next. Things will return to btc again.

[Vaculin]

There's always a lot of manipulation happening during the bull season, even a shit coin could rise and we have no idea why it happens, but newbies would just love to trade and ride with the FOMO. This is a fair warning, honestly, I'm not touching DOGE as this is a time bomb, anytime it could explode and dump big time.

[so98nn]

BTC's dominance is decreasing.

Yes, you're right. It's always like that in that case. The whales would always turn back to btc after making some sweet profits. This is the time for those altcoins and the money is with them.

But after that, you know what's going to be next. Things will return to btc again.

Yes, within couple of months dogecoin's market cap reached 65 Billion USD and that's just unbelievable thing to happen to any altcoin in the history of crypto currency. It is literally a triplicate of what it had in the earlier days. With Elon's strategy of tweeting in between, the coin is gonna be pumped by public power with endless hopes!

The dominance might be increasing because that's what Elon wanted to happen and who knows he just want to see or imagine the DOGE at #1 position? Dam if DOGE even hit 1 USD people will not sell this coin, they will buy more and more out of FOMO.

Then there would be mentality that DOGE might be the next BTC so just buy and hope that DOGE would hit couple of 100's in years to come.

So yeah, it's good to have some chunks of this coin in your wallet at all times.

[Palllke]

This was nice opportunity to increase my coin balance. I sold my doge at 0.56$ and now waiting for price below 40 and that I will buy it again. I like pumped without any reasons.

[shadik007]

Yes, Now $doge pumped very well. This is really interesting. But newbie don't take a mistake . don't jumped any fomo.

[Argoo]

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

I don't even think that whales are buying Dogecoin and thereby pushing its price growth. Most likely, this is done by those who succumbed to Elon Musk's tweets. You can only invest in this coin for a short time and you need to be ready to lock in your profit in time, since I also agree that it can fall deeply in price over time.
At the same time, the price effect of the Dogecoin bubble can also last for a long time if the buzz of investors continues. Cryptocurrencies are sometimes very unpredictable. However, one thing is clear: the risk of investing in this coin is now great.

[Davian144]

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

Yes, I am also surprised to see Dogecoin's rise at the moment and even Dogecoin is already in 4th place in cryptocurrency rankings, so obviously this is extraordinary although the risk is always great for people who dare to buy at the current peak prices.

[xianbits]

Or shall I say, Dogecoin is pumped by Elon Musk believers who have a strong belief that Elon is buying more Doges everytime he tweets something about it. People are pumping Doge. But technically speaking, you are correct.

[repear7]

I Don't know what happen in doge. And I can't say it’s overpriced. Because, When i see doge at $0.29 i think it’s overprice for doge. But, Now price is $0.50, And anytime can hit $1. Doge is gem. Doge investors are so lucky.

[Miaallen]

Whatever they use in pumping DOGE coin doesn't change the fact that it is still a shit coin except Elon Musk try and get a utility for it in the nearest future. I'm sure everyone will eventually be tire of his pump and dump tactics.

[jrrsparkles]

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

Adoption od Doge increases lately after the fee on BTC and ETH increased to insane amount also Whales and Musk is on the side of Doge so eventually it is on the hype while I don't see BTC is on the real down trend, it went below 50K but for now the prices remaining very strong above 54K region so there is a strong resistance is building at this level for BTC.

[ipanks]

Doge is a hidden gem in the crypto world. We do not know if the price can be over price as now and reach $0.5, but that is really happening now and we do not know if the price can reach $1 or not. But I guess the big whales will try to push the price to reach $1 soon. It will be a good moment if we still hold some Dogecoin and not sell if the price does not reach $1, but we should use every moment in the market to profit from any coins that will increase, including Dogecoin.

[Moeda]

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

Yes. I thought so. Most likely the Doge price will drop again, and BTC will return to the pump. Because some of the BTC assets were sold to pump up Doge.

[jacafbiz]

I totally agree with the OP, the recent price action of  Doge coin is as a result of Whale manipulating the price, when they are done, the price will correct and back to its position, this is not just about Doge Coin but all these Meme coins we see in the space. A lot of people that entered the space in this bull market will learn this lesson in a hard way

[Grim149x]

DOGE coin haa been pump again because of elon musk hype there have an event on may 08 2021 the people is being hype now thats why the coin doge has been pump now.

[tbterryboy]

BTC price is going down, Dogecoin up, but don't fall into this newbie trap, it's all relative, the whales will sell Dogecoin back to BTC!

I really can't believe that dogecoin is over 50 cents. I just do not believe how it could worth that much money, it just doesn't make sense at all. I know that it is a coin in the end and all coins could go up or down, there is nothing inheritably bad or good about it, it is just a coin like any other. However from even the start, there was so many people who bought too much of it, there is a dude who bought 5 million dollars worth of dogecoin in 2014 and he owns 1.9 billion dollars worth of it right now.

Volume of dogecoin could not cover that, if one person sells 1.9 billion dollars worth of doge that would take it under 5 cents all over again, maybe even under 1 cent who knows, sure some hype of "we finally got rid of him!!" would make it go back up , but not here. So it never made any sense to be to invest into something that was that much risky, but I guess people saw something I couldn't.

[cabron]

You need to get serious with Doge actually. if you have invested just about $500 for Doge when its price was just $0.05 you could have been happier with the pumps happening in Doge. It doesn't matter now if the coin started as a joke or meme. People can be that vulnerable when some say anything to fud.

Cryptocoin is money and when people are buying the coin in the market, the intrinsic value comes in which Doge now is more than $0.50