A quick question!!

[Ararbermas]

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

market is on bearish situation and not yet showing positive sign mate so it's not surprising doge still stagnant and tends to drop more. But yeah elon musk is a good influencer wherein for sure once market become fine again they will start the business and there will be a lot of post from him once it's time to make hypes in doge. Lol

[amishmanish]

I don't think the influence has dropped. He still mentions Doge here and there. Yet, I think there are enough people who lose money by putting in their life-savings because of these stupid endorsements he gives to Doge. For people like you and me, who frequent crypto-circles, we know that what he is doing is typical of any so-called crypto-influencer. So much so, that shilling is an acceptable way in crypto. Even if the calls fail, people will always tell you that "Dude, don't follow my buys..i just post random shit I like".

When it comes to Musk, there are enough newbies who have only heard of crypto in passing. Yet, when they hear Musk say "Doge", i am sure they are 100% convinced that Doge is going to be some Mars coin. A lot of them would have bought in with all they have and they lost the money to the serious, more experienced people in crypto. This has created the cycle of people knowing that its just a joke and an attention-garnering mechanism for him.

Now if Elon comes to his sense and realizes that DOGE has literally NOTHING to offer compared to Bitcoin, and then starts talking about LN, for he apparently cares about small payments, the situation may well resolve. Otherwise its just a tiger he is riding and can't stop anymore.

[Beparanf]

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

market is on bearish situation and not yet showing positive sign mate so it's not surprising doge still stagnant and tends to drop more. But yeah elon musk is a good influencer wherein for sure once market become fine again they will start the business and there will be a lot of post from him once it's time to make hypes in doge. Lol

The problem is the current situation is different than before. Previously Elon is accumulating before he hype Doge which literally only few holds but right not that most of Elon supporter already holds Doge as well as Elon himself. It's very hard for the price to attain that same level of hype since there's always a fear that Elon and other whales will dump the price. Doge is pumping even the market crash during its initial bullrun when Elon started hyping. It only means that Elon effect is really not big impact to all people that knows what might honna happened when they buy.

[masterrex]

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

IMO, I think most of the people were comparing with the previous Dogecoin pump when Elon Musk tweet about Dogecoin for the first time. that's why they are made to the conclusion that Elon's influence is slowly vanishing, But the time and the market situation has changed unlike before that the market was hot and very much alive unlike today that most of the cryptocurrency prices are slowly declining each day so its very different situation.

[pawanjain]

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

That shouldn't even be a question. No wonder the influence is dropping because the whole market has been in a decline lately.
Another reason might be that people have actually realized Elon is just a Doge shiller and is manipulating the market.
Sooner or later this was gonna happen and I think this is just the beginning.

[LogitechMouse]

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

Just think of this analogy (not analogy I think ).
If you trusted a friend and after few months, he backstabbed you and he did something that can end your relationship as friends. Do you think you will still trust him? You might say yes but most will say no.

Its almost the same case. Yes Musk has a huge influence with regards to DOGE that it pumped way high and for sure many investors profited into it but many lost their money into it. Throughout the years, Musk is saying anything that could hurt investors thus, untrusting him that caused his influence to crypto to slowly decrease including his influence with DOGE. I agree with some people who said that investors are now smarter because they really are. Investors are evolving year after year and investors are learning with their mistakes though there are some who are still experiencing mistakes but its ok. Mistakes is a good teacher because we are learning from them.

[RealMalatesta]

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

The request for some rich person to increase your coins worth is the main reason why you should not get into crypto in the first place. If you are asking for some rich person to help you out, just go and beg him to give you money. He has done it before, but he has a lot of money, like literally 300+ billion dollars networth, just write under his tweets to give you money and beg him to pay you something decent.

There is no difference at all between begging him to give you some money versus you hoping he would tweet something that would increase the price of dogecoin. Dogecoin is a shitcoin, it has been a shitcoin for YEARS now, and just because Elon tweeted about it, doesn't change that fact and if your entire reason to buy it was Elon, then you kind of deserve to lose money.

[Doell]

Elon Musk manipulates the mind with his chatter but it doesn't last long ,the awareness of investors or followers is much faster ! musk is like a whale that manipulates prices but with his mind ,a whale when it pump then attracts other traders' interest and then if it reaches the target then throws it away dump hard , not much different !

[zonefloor]

Dogecoin rose thanks to the right Elon Musk. But it wasn't just Elon Musk's contribution. It showed a good rise in the period when the market and money inflows and outflows were very good. Elon Musk made the right guidance in the right market conditions with both the power of his money, the power of his social media and smart moves. In the current market conditions, money and bitcoin are stable. The vast majority of new investors are at a loss and cannot show the doge effect. In time, it will turn out to be a real bubble.

[topbitcoin]

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

Hype like Elon Musk i think almost same when Mcafee talk about crypto too, it is only affected at first but for the next usually not much who affected because people know it is some kind of market manipulation. But for me, i think as long it can give profit, we can ride on the trend too and take the chance no matter how small it is.

[TelolettOm]

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

If we see from how the condition and the price movement of Dogecoin right now even after the announcement of its use case for Tesla, yes, I also think that he doesn't have that very high influence again to Dogecoin.
In that past time, Elon Musk has a really big influence that make Doge price could pump very significant. But now, many more people are aware of how hype and FOMO spread by Elon Musk and Tesla. Most of them may not be influenced or not sure again about the power of Elon Musk again.
Moreover, many Doge holders may not believe again with the pump news by hm.
People may get bored of the pump situation created b the same person again and again.

[Gasty4]

I don't think the influence has dropped. He still mentions Doge here and there. Yet, I think there are enough people who lose money by putting in their life-savings because of these stupid endorsements he gives to Doge. For people like you and me, who frequent crypto-circles, we know that what he is doing is typical of any so-called crypto-influencer. So much so, that shilling is an acceptable way in crypto. Even if the calls fail, people will always tell you that "Dude, don't follow my buys..i just post random shit I like".

When it comes to Musk, there are enough newbies who have only heard of crypto in passing. Yet, when they hear Musk say "Doge", i am sure they are 100% convinced that Doge is going to be some Mars coin. A lot of them would have bought in with all they have and they lost the money to the serious, more experienced people in crypto. This has created the cycle of people knowing that its just a joke and an attention-garnering mechanism for him.

Now if Elon comes to his sense and realizes that DOGE has literally NOTHING to offer compared to Bitcoin, and then starts talking about LN, for he apparently cares about small payments, the situation may well resolve. Otherwise its just a tiger he is riding and can't stop anymore.

Nothing positive comes out of all he does of late, it'll be best if he just stop and start being  impactful.
Newbies lossing as a result of this.

[kotajikikox]

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

Because he is now shilling for another one , and with his behavior would you believe that he will stay in single currency as he wanted to earn billions of dollars using his popularity and he cannot do this with one coin like Doge or either Shiba or Bitcoin , he needs to explore more currency to find where will he get what he wanted.

Elon Musk manipulates the mind with his chatter but it doesn't last long ,the awareness of investors or followers is much faster ! musk is like a whale that manipulates prices but with his mind ,a whale when it pump then attracts other traders' interest and then if it reaches the target then throws it away dump hard , not much different !

while you are nearly correct but the truth is He is the one who abandoned Dogecoin lol.

[TastyChillySauce00]

Simply because elon is using his influence over and over again and doge holders seems becoming really tired of it. Even like that elon influence still significant in the market maybe because he’s still a famous figure.
Also, the market capital of doge coin has growed significantly, it needs more and more capital that flows in the market so this also contributes in the decrease of elon influence in the market.
Although honestly I never expected that his influence could still holds even after a year of shill it seems his influence will still exists in the future but surely it's decreasing more and more, traders should be wise and looking at fundamental is number 1 priority.
That's why elon's tweet is having low impact to the doge coin. A big news totally needed to pump the doge coin and this time it's not about the tweet anymore from him.

[sonmezmstf1978]

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

Of course, Elon Musk had an impact on the rise of DOGE coin. But of course, Elon Musk does not manage the demands. Such movements in the markets give confidence in the first place and then become stable. Maybe it's because it couldn't position DOGE well for the future.

[Silberman]

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

Did you thought that such influence would last forever? Why did you thought something like that? Many people revere Elon Musk in the same way they revered Steve Jobs, but he is a businessman and nothing more, people have realized that almost any comment that he makes about dogecoin is not really an implicit support for the coin but an attempt to manipulate the market, and when that is the case people make what they can to resist the influence of the one trying to make them to take decisions that go against their own self-interests.

[Wawa2013]

Simply because elon is using his influence over and over again and doge holders seems becoming really tired of it. Even like that elon influence still significant in the market maybe because he’s still a famous figure.
Also, the market capital of doge coin has growed significantly, it needs more and more capital that flows in the market so this also contributes in the decrease of elon influence in the market.
Although honestly I never expected that his influence could still holds even after a year of shill it seems his influence will still exists in the future but surely it's decreasing more and more, traders should be wise and looking at fundamental is number 1 priority.
That's why elon's tweet is having low impact to the doge coin. A big news totally needed to pump the doge coin and this time it's not about the tweet anymore from him.

Can't just expect Elon Musk's influence to make the Dogecoin pump, because in the end many investors realized that Elon Musk was only manipulating
the price of Dogecoin for his own benefit, and evidently now Elon Musk's influence is starting to decline. So slowly Dogecoin began to be abandoned
by investors, so Elon Musk couldn't make Dogecoin price always pump. Therefore it is actually not a good choice to invest because of
the influence of famous people, we have to choose coins for investment really based on the research and analysis we do. I agree that instead of
taking the risk of investing in meme coins, why don't we focus on investing in coins that do have strong fundamentals. Coins with strong fundamentals
are usually safer for investment, because the demand is very high, eventually making the price increase in the future.

[TimeTeller]

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

Did you thought that such influence would last forever? Why did you thought something like that? Many people revere Elon Musk in the same way they revered Steve Jobs, but he is a businessman and nothing more, people have realized that almost any comment that he makes about dogecoin is not really an implicit support for the coin but an attempt to manipulate the market, and when that is the case people make what they can to resist the influence of the one trying to make them to take decisions that go against their own self-interests.

Or people are just realizing that they need tangible actions not only pure talk.
With several tweets towards doge and the hope of collaborating with doge for its network improvement, people are expecting something will happen.
But only tweets so far, we haven't seen results yet of those supposedly collaboration.
So the enthusiasm is waning as we are not seeing concrete plans here.
It may have big influence in the first few tweets, but as day goes by, people are getting the point already.

[X-ray]

Dropped in what way?

Relate to the impact that created by elon.

If this is true why did doge coin pumped again when Elon tweeted about accepting doge coin as means of payment on Tesla?

that's a new and no a tweet and can you differentiate between the news and tweet? that's why that news was pumping doge coin for a short term but the fundamental in the long term is still weak. If that's about a troll tweet by elon and im sure it will not be pumped again like that. Elon's announcement was giving a pump to the doge coin.

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

The only problem is doge coin lack of utility and its tokenomic was so bad. It was going back again to the price before pump happened. BTC is far better from the various aspects. As you can see that doge coinis just a meme coin and it's not comparable with the doge coin.

[usekevin]

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.

For the longer period we had a influence of Elon Musk in the market.The price variation of  dogecoin made a huge role in the influence of Elon musk. At first elon made a play of promotion of dogecoin. After the fall of dogecoin, people loss the trust over elon. This is huge difference in his influence in the market. Later people skip his twitter opinion on the cryptocurrency. To be frank, the elon are not here as a influencer now.