Will Dogecoin survive without Elon Musk?

[Abiky]

Ever since Elon Musk started tweeting about Dogecoin, the cryptocurrency has been on a road towards non-stop success. Price per coin rose considerably since the beginning of the year. Those who held DOGE before the pump, already cashed out massive rewards. The momentum will keep going until Elon Musk decides to stop tweeting about Dogecoin. After that, DOGE could either retain its price or go all the way down the drain at a very fast pace. Dogecoin was never meant to be taken seriously, so anything can happen in the future.

What do you think? Will Dogecoin be able to survive without Elon Musk? Or will it simply vanish like the rest of the other "shitcoins" on the market? Is the DOGE hype over? Your input will be greatly appreciated. Thank you.

[goldkingcoiner]

Dogecoin has absolutely no reason to invest in other than the fact that it has become a meme with a reliable community. The only reason to buy doge is to hope to sell at the top of a pump and dump. Although maybe Elon has lost enough credibility in the crypto community by now.

Also I think Elon just wanted to manipulate the market, make some profit and back out again. Thats how it seems to me.

[mbakruroh]

What do you think? Will Dogecoin be able to survive without Elon Musk? Or will it simply vanish like the rest of the other "shitcoins" on the market? Is the DOGE hype over? Your input will be greatly appreciated. Thank you.

We don't know how much Dogecoin Elon Musk is holding. If he sells a portion of Dogeoin, will the price of Dogecoin be able to stay at its current price? Apart from Elon Musk, there are many investors who are still holding Dogecoin at the moment. I'm not sure they will hold Dogecoin for good. If they sell them all then the price of Dogecoin will drop.

[Silver80]

Ever since Elon Musk started tweeting about Dogecoin, the cryptocurrency has been on a road towards non-stop success. Price per coin rose considerably since the beginning of the year. Those who held DOGE before the pump, already cashed out massive rewards. The momentum will keep going until Elon Musk decides to stop tweeting about Dogecoin. After that, DOGE could either retain its price or go all the way down the drain at a very fast pace. Dogecoin was never meant to be taken seriously, so anything can happen in the future.

What do you think? Will Dogecoin be able to survive without Elon Musk? Or will it simply vanish like the rest of the other "shitcoins" on the market? Is the DOGE hype over? Your input will be greatly appreciated. Thank you.

DOGEcoin will survive without Elon musk, why is that because he has been remembered in the hearts of cryptocurrencies, maybe Elon musk was the one that triggered it, after that it will become attached to every brain, this Doge has been around for a long time and has survived until now.

[V-t.Ester]

From 2014 till the end of 2020 year (if I’m not mistaken) Doges lived without Elons’ support. Their price was very low: 0.0002$ at the early beginning and then raised to 0.002$ at 2017 year. This coin was nothing but just a nice mem coin that was given as a benefit for mining Lite and miners hodl it without any thoughts to sell for such funny money. Only Elons’ support and constant tweets (from the end of 2020 year) strengthened Doges and stimulated to increase drastically. Traders believe in Elon, not in Doges. So yes, probably if once Elon will tweet “I’m selling all my doges” (or smth like that), the next hours Doges will totally dump.

[blockman]

It will. Unlike any other altcoins, there's much love already for dogecoin even if there's no involvement of Elon Musk. People have forgotten about that. We love Dogecoin but we don't like Elon anymore with what he did to the market about its manipulative tweets.
He should have leave Dogecoin with his tweets and just stay where he is but sadly, he knows how powerful his tweets are to manipulate Dogecoin and I hope that he just stays with it and do not manipulate the other markets that he might do someday.

[Jaered]

Dogecoin is a remarkable crypto in that it was something built out of a joke and it survived the harsh crypto space. So with or without  Elon Musk, dogecoin has some tangible thing to offer. It has good adoption like the Dallas Mavericks

[flip4flop]

I believe it will. It survived for all these years as a joke and now with Elon pumping it and so many people jumping on board I think it will retain its iconic status for sometime. I don't know if can see it really going any higher than its previous ATH but it may settle around .10-.15 for a long time.

[Dave1]

What do you think? Will Dogecoin be able to survive without Elon Musk? Or will it simply vanish like the rest of the other "shitcoins" on the market? Is the DOGE hype over? Your input will be greatly appreciated. Thank you.

It will definitely survived, it has even without Elon for many years, becoming the meme coins of crypto.

But we all know what Elon Musk did for Dogecoin, he pump the hell out of this coin and then speculators join in the fun pushing the price to all time high. But it seems the hype has died down for now, these kind of pump are not sustainable in the long run. So it will survived and will be back where it was used to be, until someone starts to pump it again, and then the market cycle continues.

[Tashana]

Those who don't really bring actual value to users will be eliminated. Musk is a businessman, even a businessman without morals.

[Al Qiyamah]

Although at first it was just a joke, Dogecoin was able to steal the attention of many crypto lovers thanks to Elon Musk's tweets that inflated the price. indeed Elon has a big influence on Dogecoin, but how long will it take? maybe Elon holds Dogecoin in large quantities so the survival of this coin really depends on him. but the evidence is that last May Dogecoin was also able to soar after being listed on Coinbase. I think Doge can survive without Elon Musk.

[cabron]

Despite the losing confidence of its investors, I think dogecoin had gotten the interest of new miners in crypto. I have some friends who are already mining dogecoin. I think it will survive since many of Elon's followers are believers in the coin and they are holders too. I have however dumped mined, I figured it will take months and months again before it will be pumped by Elon.

[MonaLeeTracy]

Dogecoin has been around for a very long time, even without the support of Elon Musk, dogecoin will continue to circulate in the cryptocurrency market. Elon Musk support on Dogecoin some time ago was only to profit from large purchases made when the price of Doge was still very cheap. The tweet made by Elon Musk was able to push the price of Doge up to the highest level in Dogecoin history. But what happened after, Elon Musk just disappeared like being swallowed by the earth and the price of Doge was back at its lowest point. Although now the price of dogecoin is very difficult to move again, but the existence of Dogecoin will continue to exist in the cryptocurrency market even without the support of an Elon Musk.

[amishmanish]

--SNIP--

Also I think Elon just wanted to manipulate the market, make some profit and back out again. Thats how it seems to me.

Well. None of this should be financial advice to anyone and these are just opinions. I don't think Elon needs to make profit from Dogecoin. He is genuinely amused by the attention from the community and the jokes around DOGE. He just chose to engage with it on his twitter. That made a lot of people a lot of profit is just their good luck. Elon likes memes and DOGE had always been about memes (Now its about greed).

Right now, Musk seems to be busy with his real world and far more serious ventures. The lawsuits from Bezos are also keeping him busy and I don't think he'd like the argument from Bezos's lawyers if they quote his mercurial temperament and childish DOGE pumps as a reason to not be solely entrusted with NASA's moon-return program. He can ill-afford to sound like a little child buying up currencies that his current overlords don't approve of.

So although he seems to be genuinely having fun while playing with begging, hopeful and cringe DOGE memers on Twitter; he won't be coming out in the open about it too frequently anymore. This means a slow and steady decline for DOGE as people move onto other projects which have far more going for them.

[michellee]

Yes, Dogecoin can survive with or without Elon Musk. We know Dogecoin's journey from before Elon entered the crypto a long time ago, so if Elon left Dogecoin, Dogecoin could still be on the market. Although the price can drop after Elon leaves, Dogecoin can survive and attract other investors to invest in Dogecoin. The Dogecoin price is now too high, so maybe many investors were already leaving Dogecoin for a while and moving to the other project that can give them profit, but they will come back to invest in Dogecoin.

[siedemtrzy]

it lived for a long time without Elon. It will survive without him in future. But it will not pump to the moon in time, it's time is gone already.

[20kevin20]

It'll probably survive as long as the meme stays alive, although it's just difficult to keep up with the price and market cap imo. There will come a time when the Doge meme will once again not be so trendy anymore, and by then the coin will fall together with it.

Is it currently dependent on Musk's tweets and thoughts? Most likely. Would Musk simply ignoring Doge for a long while cause a deep dump? Very likely, because it seems like it's turned into more of a "Musk-a-speculator" than a way to move money quickly around for cheap.

[Marvelman]

What do you think? Will Dogecoin be able to survive without Elon Musk? Or will it simply vanish like the rest of the other "shitcoins" on the market? Is the DOGE hype over? Your input will be greatly appreciated. Thank you.

Maybe. But it's hard to imagine that the Musk's move won't cause some turbulence.
Dogecoin is a meme coin, so it shouldn't come as a surprise that it is largely based on humour and lighthearted banter. That's not to say that Dogecoin developers doesn't have a good goal in mind, but it's not focused on being a transactional cryptocurrency that will be a competitor to established bitcoin and other digital currencies. It started as a joke, and it'll always be that way.

In fact, the big issue for Dogecoin right now is that there are too many cryptocurrencies trying to be used as money. However, there is a meme on a meme, and people will try to use Dogecoin for everything.

[Coyster]

What do you think? Will Dogecoin be able to survive without Elon Musk? Or will it simply vanish like the rest of the other "shitcoins" on the market? Is the DOGE hype over? Your input will be greatly appreciated. Thank you.

If and when Elon Musk stops tweeting and talking about Dogecoin, the meme coin will prolly dump, but it'll survive, the thing is, for now it is prolly Elon's influence that's pumping the coin and people buying into it wouldn't expect the pump to continue if Elon somewhat withdraws his endorsement, but since the coin has been around even before it caught Elons eyes, it would not go into oblivion if the billionaire loses his interest all of a sudden. But without Elon, dogecoin will definitely struggle in the network until something else drives its price up just like Elons tweets did, but I don't think it would just completely vanish, but it would definitely be affected.

[MarjorieZimmermanGinger]

Ever since Elon Musk started tweeting about Dogecoin, the cryptocurrency has been on a road towards non-stop success. Price per coin rose considerably since the beginning of the year. Those who held DOGE before the pump, already cashed out massive rewards. The momentum will keep going until Elon Musk decides to stop tweeting about Dogecoin. After that, DOGE could either retain its price or go all the way down the drain at a very fast pace. Dogecoin was never meant to be taken seriously, so anything can happen in the future.

What do you think? Will Dogecoin be able to survive without Elon Musk? Or will it simply vanish like the rest of the other "shitcoins" on the market? Is the DOGE hype over? Your input will be greatly appreciated. Thank you.

This topic is no longer suitable for us to discuss, regarding the price and influence of Dogecoin on the market today, but interestingly Elon Musk has started eyeing other meme coins to work on new projects, this is of course only to repeat his success in Dogecoin at that time. People are wondering, how far is Elon Musk's role and capacity, so that he managed to get Dogecoin in a good position and a high selling price, although many people have tried to do this, but no one has succeeded like Elon Musk.