Elon Musk's two tweets on Dogecoin drive value of cryptocurrency up by 7%

[Woodie]

Two tweets by Tesla and SpaceX founder Elon Musk drove the value of Dogecoin up by seven percent on July 1. On the other hand, two other cryptocurrencies - Bitcoin and Ether - traded lower.

Dogecoin, after trading below $0.24 in the early hours of trading, surged to $0.2573 after Musk's tweets, as per the data shared by CoinMarketCap. The 24-hour trading volume was stated as $2,762,760,820, by the time this report was published.

Read more https://www.moneycontrol.com/news/business/cryptocurrency/elon-musks-two-tweets-on-dogecoin-drives-value-of-cryptocurrency-up-by-7-7114361.html


Elon Elon Elon, are we still going to ignore how much influence this lad has on dogecoin and the crypto ecosystem in general?

I still feel the damage that was done on crypto(bitcoin) because of the elon tweets about the carbon footprint can be undone if we can find cleaner ways of mining...and he will be the first to blow the horn for damage control.

[ryzaadit]

You can see, by how much percentage changes with his tweet.

IMO, the trust from the crypto community to Elon already not really have high expectations due we already know he was shilling 2 tokens/coins ($DOGE & $SHIBA). And one more thing, with his Ken Inutweet about the energy mining the reason at that day make crypto market collapse. Almost cryptocurrency community right now is pissed off with him, only in the matter of time the community will not gonna listed anymore.

[passwordnow]

Elon Elon Elon, are we still going to ignore how much influence this lad has on dogecoin and the crypto ecosystem in general?

Yes, we can ignore him until we can. It's no longer relevant to catch whatever he says on his twitter account. He's actually not doing good and influencing good the market. We have to remove in our minds every single person that only brings FUD to the community.

I still feel the damage that was done on crypto(bitcoin) because of the elon tweets about the carbon footprint can be undone if we can find cleaner ways of mining...and he will be the first to blow the horn for damage control.

That's okay. It's not permanent because bitcoin will recover eventually and those tweets of him will be passing by afterwards. In results of it, the market will be healthier again while he's still trying to confuse those followers of him with his tweets.

[Yaunfitda]

I don't know, but I'm not seeing a 7% increased on Doge. On the contrary, it posted -3.xx%, maybe Elon has lost his touch already, and no longer has the influence that we all have been seeing on him on the last 2 months or so.

Speculators are just taking advantage of it, and if ever it increases again, for sure those are going to be dump hard for profit taking. Market though continues to go on bearish mode, but still bitcoin is above $30k and ETH at $2k.

[wheelz1200]

Two tweets by Tesla and SpaceX founder Elon Musk drove the value of Dogecoin up by seven percent on July 1. On the other hand, two other cryptocurrencies - Bitcoin and Ether - traded lower.

Dogecoin, after trading below $0.24 in the early hours of trading, surged to $0.2573 after Musk's tweets, as per the data shared by CoinMarketCap. The 24-hour trading volume was stated as $2,762,760,820, by the time this report was published.

Read more https://www.moneycontrol.com/news/business/cryptocurrency/elon-musks-two-tweets-on-dogecoin-drives-value-of-cryptocurrency-up-by-7-7114361.html


Elon Elon Elon, are we still going to ignore how much influence this lad has on dogecoin and the crypto ecosystem in general?

I still feel the damage that was done on crypto(bitcoin) because of the elon tweets about the carbon footprint can be undone if we can find cleaner ways of mining...and he will be the first to blow the horn for damage control.

I don't think bitcoins current price is due to elons tweets long ago.  Imean momentarily but he isn't going to permanently drag the price down or up.  There is just too much volume and smarter people in the market.  Doge maybe but I will tell you this doge can lose value in sats but gain in usd and 99% of the people will be happy lol.

[Twinkledoe]

I don't know, but I'm not seeing a 7% increased on Doge. On the contrary, it posted -3.xx%, maybe Elon has lost his touch already, and no longer has the influence that we all have been seeing on him on the last 2 months or so.

Speculators are just taking advantage of it, and if ever it increases again, for sure those are going to be dump hard for profit taking. Market though continues to go on bearish mode, but still bitcoin is above $30k and ETH at $2k.

Or people are already fed up by his tweets, and not creating big waves anymore. Maybe, if he will tweet about actual improvement of doge network, this may influence the market, but empty tweets with nothing to offer, I don't think it will fetch big movement in the market. It is interesting if there is indeed collaboration with the doge team to make some innovations with doge. The fees of doge in exchanges right now are quite expensive as compared with other alts like TRX or XRP, so I don't know what use case of doge are they venturing to?

[vv181]

I don't know, but I'm not seeing a 7% increased on Doge. On the contrary, it posted -3.xx%, maybe Elon has lost his touch already, and no longer has the influence that we all have been seeing on him on the last 2 months or so.

The tweets are made ~17hours ago. If you look at the article or CMC, you can see that the Doge price rose up. Also, if you see the timedate Elon made tweets about Doge, that's why people are correlating the price with Elon tweets. After all, the price is still up ~3% if you compare it before the pump happens.

[cabron]

Doge was $0.24 after his tweet just jump to $0.25. He must be expecting still a big pump. He is losing it all. People once liked him supporting the adoption but after playing around, his influence slowly deteriorates, whatever he will tweet will just be ignored even if it's going to be the most supportive tweet, people may not care soon. Can't even say something that is worth retweeting about dogecoin.

[Dave1]

Doge was $0.24 after his tweet just jump to $0.25. He must be expecting still a big pump. He is losing it all. People once liked him supporting the adoption but after playing around, his influence slowly deteriorates, whatever he will tweet will just be ignored even if it's going to be the most supportive tweet, people may not care soon. Can't even say something that is worth retweeting about dogecoin.

Could be, but we have learn from Elon's tweet already, yes the price rose to 7% but then again, it just dump so hard. So maybe he doesn't have that influence anymore except for couple of noobs or pump and dump groups who are going to jump in and make easy profits.

And since we are in a bearish trend, investors are very careful, or shall we shall afraid to pour their money because of the current trend.

[bluebit25]

I'm getting bored talking about Elon Musk's tweets lately, I find it to be less effective than before.
Perhaps many people have noticed the price manipulation from Elon for this market.

[sulis sudibyo]

Doge was $0.24 after his tweet just jump to $0.25. He must be expecting still a big pump. He is losing it all. People once liked him supporting the adoption but after playing around, his influence slowly deteriorates, whatever he will tweet will just be ignored even if it's going to be the most supportive tweet, people may not care soon. Can't even say something that is worth retweeting about dogecoin.

no, he still has influence. although what he said about crypto mining yesterday was bad. but look today, he was able to get the price of doge moving again just hours after he tweeted about doge. Elon Musk influence is still quite large in the crypto market. so be careful. you may not notice him, but there are still many of his followers who believe what he says.

[Sithara007]

Why not look at the bigger picture? During the last two months, the altcoins have fallen even more when compared to Bitcoin. And the most surprising factor is that the slide was triggered by Elon, when he came up with the tweet stating that Tesla will no longer accept BTC as a mode of payment. In case of Dogecoin, it's price has fallen from $0.69 per coin to $0.24 per coin despite all the drama by Elon. If you calculate the % loss, then it can be seen that the decline is much higher than what Bitcoin had during the same period.

[OcTradism]

You can see, by how much percentage changes with his tweet.

IMO, the trust from the crypto community to Elon already not really have high expectations due we already know he was shilling 2 tokens/coins ($DOGE & $SHIBA). And one more thing, with his Ken Inutweet about the energy mining the reason at that day make crypto market collapse. Almost cryptocurrency community right now is pissed off with him, only in the matter of time the community will not gonna listed anymore.

Elon tweets lost it magic power than months ago. His tweets recently can move price up but not with 50%, 100% or 200% like months ago.

The market now is in accumulation and it won't give opportunity for altcoins to suddenly x2, x3 in a few hours, by Elon tweets or tweet from other influencers.

Elon will have to wait when the market finishes its accumulation and shill altcoins again.

[Sendi blackspade team]

Doge was $0.24 after his tweet just jump to $0.25. He must be expecting still a big pump. He is losing it all. People once liked him supporting the adoption but after playing around, his influence slowly deteriorates, whatever he will tweet will just be ignored even if it's going to be the most supportive tweet, people may not care soon. Can't even say something that is worth retweeting about dogecoin.

no, he still has influence. although what he said about crypto mining yesterday was bad. but look today, he was able to get the price of doge moving again just hours after he tweeted about doge. Elon Musk influence is still quite large in the crypto market. so be careful. you may not notice him, but there are still many of his followers who believe what he says.

Elon is still playing with Dogecoin. and it turns out that there are still many followers who continue to believe what he says.
I honestly don't really like what he's doing for the crypto market even though he can make growth in crypto value. but with what he often does with his social media it seems that he is really toying with his followers to make a difference in the market.

[asriloni]

I still feel the damage that was done on crypto(bitcoin) because of the elon tweets about the carbon footprint can be undone if we can find cleaner ways of mining...and he will be the first to blow the horn for damage control.

There are lots of miners companies have been starting to work on it by create a partnership to decrease the carbon emission and that needs the time to implement the renewable energy. That needs process dude but the some bitcoin miners were hearing this and they are working on it now.


Elon was not only making the price of doge coin gets a small pump but this guy was also mentioning babydoge which has been making a new shitcoin called babydoge was going to the moon.
Someone was making more than 5k% ROI from the baby doge.
elon's power is still there.

[sammy21]

The financial fraud that  Elon Musk is now engaged in, in my understanding, is an attempt to get a lot of profit and implement his project on a manned flight to Mars. This may seem like complete stupidity, but given the amount of money he needs,  this is quite real. I look at his actions as deliberate steps, and not as some kind of nonsense.

If what Elon did wasn't intentional, there's no way he'd be willing to spend a lot of money just on a meme coin, and there's no way he's just being a fad, he's definitely doing it to make as much profit as possible by manipulating it as he wishes.

[isaac_clarke22]

~

Ain't gonna get anywhere, OP. I didn't expect that the Musk mentions would be so prolonged.
Other people like Mcafee (rip to that guy) didn't last that much in discussions in here, wouldn't even call an era.
I guess that's just how it is when it comes to rich people in the internet.

[trauchot]

When Elon Musk writes something about Dogecoin, the price of Dogecoin immediately starts to rise and this is already a fact, so I constantly follow Elon Musk as I invest in Dogecoin and when Elon Musk writes something about Dogecoin, I immediately follow my investments which I invetsted in Dogecoin and I fix a profit, and so I do it all the time, and in general I think that Elon Musk will advertise Dogecoin in the future too and thus the price of Dogecoin will only grow in the future.

[Fundamentals Of]

Elon's tweets are now having smaller impact to the crypto community and even among enlightened Doge supporters. Elon is not anymore the very influential Elon months ago. He used to be have so much impact even with a confusing and sarcastic tweet. Right now, even his tweet did not really make Doge perform better than others. If you look at Doge at this moment, it is still in the red. Elon made a tweet about the meme coin just hours ago.

[pinoycash]

Elon has the power to influence the kids of this generation. They think elon is the messiah in crypto and they follow what ever hype message he posted. Sooner or later, people will get trap in DOGE and they will only realize once its too late that their feelings has been played by elon.