A quick question!!

[jostorres]

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

We can simply put it that people have opened their thinking and are wiser and don't want to be fooled around by one man’s tweet. Even recently that he went as far tweeting that Tesla is now accepting Doge, only very few people bothered about it and no big hype happened. I guess people are learning from their mistakes and it is good to see that, that's a good improvement among this crypto community.

At the same time, we cannot predict the hobbies of billionaires, they may head up into anything at any time and then may get busy in some other things and may get back to old things again in random manner. I guess as Elon Musk decided to have dogecoin as on of payments for this one business then I guess he may not forget about dogecoin and when he will be actively doing something then I guess his influence will not go dropped.

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[aruldaroy]

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.

Yes until now dogecoin is like a stranded whale thrown away by Elon musk but I still wonder if the price of dogecoin will return to its original price like years ago.?
Even if it returns to its original price, Dogecoin will become a very concerned coin meme.

[Chato1977]

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

Lol it is not ELon Musk influence to dogecoin dropped instead Elon dropped the support for dogecoin 

because He found a New baby and that is Shiba Inu and now he is dropping that one again and will look for another coin to pump and earn profit .

[Ozero]

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

In any case, it was clear that Elon Musk's tweets had a limited effect on the masses over time. In order for a new cryptocurrency to have a great chance to outperform other cryptocurrencies in price, it needs new ideas for further development and new directions for further development of our world, or a significant increase in functional indicators. None of this exists in Dogecoin or other meme coins. Therefore, the hype around these meme-coins will end very soon, and Elon Musk will lose not only influence on the masses, but also partly the respect of people.

[StarKay]

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

Because Dogecoin has infinite supply, there are already billions of Dogecoin in circulation, and more are being mined daily. Elon Musk's influence is not enough to continue to push the price of Dogecoin that basically has no utility aside being a meme coin higher. His influence has pushed the price up to its limit and there is nothing left for him to do except to put his money into doge itself.

[Cling18]

Simply because people have already noticed how Elon Musk moves. Most of us have been wiser and have learned how to get rid of crypto manipulators. Elon's strategy isn't good for a long-term benefit so I guess his manipulation doesn't have a huge impact on Doge this time.

[Zain Tariq]

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.

Dogecoin falls as much as 29.5%, dropping to 49 cents, during Elon Musk's SNL debut.Even Elon Musk who calls him Dogfather can’t defend his coin in that show.Till now Doge can’t survive again,it never cross .50 cent even again ,his tweets doesn’t work anymore for rising doge.

[harizen]

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

It doesn't have to do with people now realizing something or what etc.

It's because influence alone isn't enough to maintain the hype. If there's no attempt to pump the price, others will not follow. People don't rely on being influenced by someone as long as the coin is creating hype or building momentum.

Believe me, when Elon started again to hype Doge and trigger another pump starting by those whales, it will bring another FOMO to the majority of the people.

[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.

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.

That is also a good point, people are realizing that Elon is all talk and while a certain level of self-promotion is acceptable when people do not see any results then they begin to wonder if all of that talk will actually lead to some kind of improvement over dogecoin, and at least to me this does not seem to be the case as Elon seems to be way more interested to be an influencer than to actually do anything for dogecoin and its development.

[babygun]

Elon Musk has dominance in the Doge price movement. Because when he make a post on Twitter then we see price increased and it’s happened a several time. Although i have seen in someone a tweeted where Elon Musk replied he has nothing hold with Shiba Inu but we don’t know whether he told the truth or not.

Don't also overestimate his influence on the price movement of DOGE. There used to be a time that one tweet of Musk about DOGE, gave a price increase of 30-40% but nowadays this isn't really the case; guess people are already used to see Musk tweeting about crypto.

[tarable]

No effect on Mr. Elon Musk. Elon Musk is a person who has influenced the Crypto room if we browse further. Of course Dogecoin is lucky to have a figure of Mr. Elon Musk in it who idolized Dogecoin so that Dogecoin was famous for the market from worthless so it could be valuable.

[michellee]

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

Elon has his own plan to say about Dogecoin and many people's beliefs on them. But I do not think Elon can always do that as the public knows his secret plan. People need to be wise when they read about Elon's tweets and check for the other news to avoid getting into the trap. If people just follow without searching for more, they will regret it as they will not know the truth. If people can realize and have more info about what he says, they will not easily follow Elon and leave Elon.

[camat gampong]

down to 0.18 because tesla merch is for a select few. no one cares about tesla merch. doge is a silly meme token and not amount of influance peddling will cause it to sour same fot that other shit token shiba inu.

It looks like it will be a little different between Dogecoin and Shiba Inu because Dogecoin is a meme coin that has been circulating in the crypto space for a long time although there is not much influence from it now, but for Shiba Inu it is just a meme token that is worse than Dogecoin so for its appeal and durability it is still very doubtful for the future.

[ringgo96]

Indeed, for now the movement of dogecoin has weakened even at a time when bitcoin is increasing but the value of dogekoin can not increase as we expect even though Elon Musk has made transactions using dogekoin in his tesla company, I think this all happens because investors are not interested in what he makes on twitter because he thinks this is only a personal interest to attract attention in his company.

[Mpamaegbu]

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

Tell me what coin or token that hasn't taken a beaten? Did you bother to check how even Bitcoin has plummeted to 50%? I think the market is going through a major correction and it shouldn't be seen as only a Dogecoin disappointment thing. When the market is dipping, fearful investors don't want to listen to motivational speakers (we can put Elon in that category).

[mamesso]

Awareness of investors and traders makes their trust in Elon Musk decline. Many investors consider every recent tweet from Elon Musk, because so many investors lost after reading Elon Musk tweet on Twitter. Some investors say Elon Musk is a genius, because tweets from Elon Musk often cause price swings of crypto assets to move wildly, as happened to Doge and Shiba. Meanwhile, some say Elon Musk is "useless" because he has made them lose a lot of money.

[tarable]

No effect on Mr. Elon Musk. Elon Musk is a person who has influenced the Crypto room if we browse further. Of course Dogecoin is lucky to have a figure of Mr. Elon Musk in it who idolized Dogecoin so that Dogecoin was famous for the market from worthless so it could be valuable.

On the one hand, yes, it must be acknowledged by many people, especially Elon Musk who has also said that Dogecoin can be used for Tesla payments if someone wants to buy a Tesla, but if you look in more detail at market conditions, Dogecoin has to fight harder in order to achieve this stay in a good position and also at a better value than now.

a thing that of course Dogecoin can be used to buy Tesla because the statement was expressed directly by the Tesla boss, Mr. Elon Musk, although currently Dogecoin is already as you mentioned because the market conditions are falling which makes Dogecoin and other altcoins struggling.
that's Elon Musk. a person who really idolizes Dogecoin and of course Dogecoin will lose its influence without an EM figure.

[tygeade]

Indeed, for now the movement of dogecoin has weakened even at a time when bitcoin is increasing but the value of dogekoin can not increase as we expect even though Elon Musk has made transactions using dogekoin in his tesla company, I think this all happens because investors are not interested in what he makes on twitter because he thinks this is only a personal interest to attract attention in his company.

It is weakened because of the correction. Weakened because people have woke up from the truth that Elon Musk is only using them, weakened because the era of meme coins are now over, right now its now the era of nft's and metaverses.

I do not know if that rumoured is true that Elon adds doge as one of the payment method for tesla but if ever that is, true I do not think dogecoin is serious enough for people to use it when they buy a car or we do not know maybe dogecoin was already remove just like what happen with bitcoin before, you know Elon, he changes his mind easily. That also makes the dogecoin weaker.

[Wildwest]

Maybe he is no longer affected because he can only make jokes to attract attention to his tesla company, and make transactions using bitcoin only last a moment and now have used dogecoin but not so influential on the current price, and this also affects the value of the coin that is experiencing a decline and we just wait for a surprise for the future.

[cliber]

Elon Musk is still a big character and Elon Musk's character is not because of Dogecoin. It's just that some people know him through Dogecoin. I think many people can feel that Dogecoin is not a coin that is able to provide profits or price explosions like it used to be. Dogecoin is just a meme coin that will never be the same as other coins.