A quick question!!

[Gasty4]

Elon Musk influence on Dogecoins seems to have dropped, why ?

[bitkanu]

Elon Musk influence on Dogecoins seems to have dropped, why ?

Coz people realized if they were getting fooloed by elon's tweet. Look at how elon was confirming if he was holding doge coin as well and i thought that the big wallet is also linked to him. The elon's impact would not be a long term impact and this already proven that even he was creating so many tweets about doge coin and that's the only important tweet that was giving impact to the price of doge coin.
It seems like he must promote another shit scam meme tokens again to make some money like shiba. So many people are getting over speculation after the booming of meme tokens in the market.
People become even smarter right now. They know which to follow and which is not. If you're thinking the impact gonna be longterm and that's wrong.

[jossiel]

Elon Musk influence on Dogecoins seems to have dropped, why ?

It's because people are wiser.

Even he has mentioned again that people can buy merch of Tesla with Dogecoins, so what? That's it.

After all the hype that he has made, he's too late to act with that adoption and use case he's bringing to the dogecoin holders. If he just did that during the popularity of the hype.

I think it'll be more successful by that time.

[Gasty4]

Elon Musk influence on Dogecoins seems to have dropped, why ?

Coz people realized if they were getting fooloed by elon's tweet. Look at how elon was confirming if he was holding doge coin as well and i thought that the big wallet is also linked to him. The elon's impact would not be a long term impact and this already proven that even he was creating so many tweets about doge coin and that's the only important tweet that was giving impact to the price of doge coin.
It seems like he must promote another shit scam meme tokens again to make some money like shiba. So many people are getting over speculation after the booming of meme tokens in the market.
People become even smarter right now. They know which to follow and which is not. If you're thinking the impact gonna be longterm and that's wrong.

Good to see they're much wiser now.
I be pondering on this for some time now.
Hopefully they stick to Bitcoin, and hold for a Longer periods 🚀

[XUR_TIP]

Dropped in what way? If this is true why did doge coin pumped again when Elon tweeted about accepting doge coin as means of payment on Tesla? Yea the pump isn't as big as what we have seen in the past but it still move the price anyways, also I believe BTC is better but doge isn't that bad either

[cabron]

The investors who were fooled now realized, it's not worth investing while Elon is just dumping his doge. He tried to accept cryptocurrency now with his Tesla but it got no massive effect these days unlike before that SNL where he trolled the doge publicly. Disappointed and lost money makes investors smarter these days. But he did help spread the word about cryptocurrency though so that's still something of a good effect.

[sulis sudibyo]

Elon Musk influence on Dogecoins seems to have dropped, why ?

everyone was bored and began to realize that what he said was not all good. Elon Musk always does it over and over again, saying A but other times saying B. He is very inconsistent and this is what makes him start to leave. most recently, he said he would accept doge for Tesla purchases. and I'm sure sooner or later he'll say he won't accept doge. it's like when he said the same for bitcoin.

[cryptoaddictchie]

Elon Musk influence on Dogecoins seems to have dropped, why ?

Why you think so? Cause the news of tesla accepting dogecoin does not pumped it hardly? Well thats pretty sure not a good excuse to check if Elon influence is fading. Market is not on good shape and still on verge of ups and downs. So its normal that doge cant outweight the red market. Indeed doge pumped a bit but thats a normal movement since there is an announcement. Wait for btc to go back to 60k plus and see those alts moon again.

[Williamm07]

I think those that are complaining have a high expectations from the Tesla accepting doge coin news, maybe they expected 10x and it never happened lol, do you know how many zeros doge coin killed? If that's not enough already I don't know what to say anymore 😂 lower your expectations

[Similificator]

Wow, that question was so fast! Lol.

Jokes aside, Elon Musk having his influence on dogecoin or any crypto was inevitable. Even dogs remember and learn what is not good for their health or is painful for them. It is only natural that the masses will understand that Elon and the people who understands his tricks are only capitalizing on the sheep mindset of the masses. Too bad though that dogs are even better than some people since there will still be people that would choose to not abandon their sheep mindset either because of honest stupidiy or stupidity by ego.

[Gorosden]

I'm thankful that Elon musk supports doge coin mate because doge coin is what gave birth to many other meme coins like shiba inu where many millionaires are made, most comments I've read so far looks like having too much expectations from doge coin with the Tesla news well things don't always work that way

[alfanjhon]

Yes because they already think now, they haven't been aware because they are layman, but now most people have realized that not good FOMO is, it's a lot of possibility for losing your money if you follow it

[Strongkored]

Elon Musk influence on Dogecoins seems to have dropped, why ?

Why? Because the current conditions are very different from last year where everyone believes that the market is bullish so that what news appears used for reference for a coin in the pump including dogecoin, but today many are still doubtful what will happen and surely many newbies investors became smarter because of learning from the experience faced some time ago.

[lovesmayfamilis]

Don't be fooled. Elon is playing. Tomorrow something new will come into his head, another coin, and what will we see? The same picture. The funny thing is that many people understand that Elon is manipulating the masses, but they turn into a crowd that obediently moves after him.
How urgent was the information for you? Did nobody die?

[cryptomaniac_xxx]

Elon Musk influence on Dogecoins seems to have dropped, why ?

Perhaps it could be of the following reasons:

1. Crypto enthusiast are tired of Elon Musk
2. They know that Elon has his own narrative behind for pushing Doge
3. We are already in a bear market
4. Musk don't have any more influence to us, specially after his attack on bitcoin (about the effects of it on the environment)

Or maybe just the combination of any of those mention about. I think it will be good if the market is not going to be influence by anyone, not even the richest person in the world.

[Skinny48]

Elon Musk will end up losing his respect one day mark my words because crypto space isn't a place where you do as you like for a very long term, you have the power to drive a coin price but the end will always be a bad one, he should have just sit in the shadows and do his thing

[Anonylz]

Elon Musk influence on Dogecoins seems to have dropped, why ?

A project can not relay on influence alone in other to survive, there must be a solid utility otherwise the project risk being dumped by investors, and it will be a typical example of a pump and dump project, even if Elon decided to continue making those tweets to drive the price of dogecoin up, it will not be sustainable long term because investors will be tired of waiting for Elon's tweet all the time just to drive the price up.

[MFahad]

Elon Musk influence on Dogecoins seems to have dropped, why ?

When Elon tweets dump market 8 months ago ,people stopped to follow Elon.
Before this i remember when he tweet something about Doge price rised 40% now and now when he tweet onky 10-15% increases.

[takngantuk]

Elon Musk influence on Dogecoins seems to have dropped, why ?

Perhaps it could be of the following reasons:

1. Crypto enthusiast are tired of Elon Musk
2. They know that Elon has his own narrative behind for pushing Doge
3. We are already in a bear market
4. Musk don't have any more influence to us, specially after his attack on bitcoin (about the effects of it on the environment)

Or maybe just the combination of any of those mention about. I think it will be good if the market is not going to be influence by anyone, not even the richest person in the world.

I think everything you say is true. the crypto community is tired of it and many of them are starting to distrust Elon Musk anymore. the more narratives he aims for his own sake, the more people think of him badly. sooner or later its influence for the crypto market will disappear completely.

[JayTrain]

Elon Musk influence on Dogecoins seems to have dropped, why ?

it's been a long time since the days when Elon Musk started advertising DOGE to everyone, and people have become smarter, they don't want to become more than twice on this rake, because it's artificially created for the main whale of DOGE.