What happens to $DOGE after Elon Musk bought Twitter?

[hamba laeh]

The cryptocurrency market fell under pressure in the early trading hours on April 25, but a brief spurt of bullish price action sparked after media headlines announced that Elon Musk had reached a deal to purchase Twitter for $44 billion. Right after Elon Musk bought Twitter, DOGE set up a green column of +20%. Not only DOGE but BTC also recovered quickly back to the $40k7 area, making the whole market prosper this morning.

Thanks to Elon Musk, the crypto market is brought back again.

my question now is, why are so many people currently involving Elon musk in the rise that occurs in cryptocurrencies?? especially Dogecoin and ShibaInu. both are rumored to have an impact involving ElonMusk in it. whereas cryptocurrencies existed before Elon Musk was involved in cryptocurrencies. and in my opinion the price of Bitcoin and Altcoins in the market is not influenced by elonmusk.

[capedbaldy]

my question now is, why are so many people currently involving Elon musk in the rise that occurs in cryptocurrencies?? especially Dogecoin and ShibaInu. both are rumored to have an impact involving ElonMusk in it. whereas cryptocurrencies existed before Elon Musk was involved in cryptocurrencies. and in my opinion the price of Bitcoin and Altcoins in the market is not influenced by elonmusk.

Since both meme coin prices increased the impact of Elon musk tweet then now they will associate the Doge and Shiba coin meme with Elon for anything but now Elon attempt to increase the coin meme again is highly unlikely as many communities are unaffected from Elon tweet.

[LUCKMCFLY]

my question now is, why are so many people currently involving Elon musk in the rise that occurs in cryptocurrencies?? especially Dogecoin and ShibaInu. both are rumored to have an impact involving ElonMusk in it. whereas cryptocurrencies existed before Elon Musk was involved in cryptocurrencies. and in my opinion the price of Bitcoin and Altcoins in the market is not influenced by elonmusk.

Since both meme coin prices increased the impact of Elon musk tweet then now they will associate the Doge and Shiba coin meme with Elon for anything but now Elon attempt to increase the coin meme again is highly unlikely as many communities are unaffected from Elon tweet.

I think that all the people who are followers of Elon Musk will always do what the influencer says, in fact it is only enough now to make a simple tweet to see what can happen, this is undoubtedly a very powerful tool that Elon Musk has as manipulation, which until now has perhaps not given it the use it wants because it knows very well that the btc community does not want anything with Elon Musk, however, one must be very careful because the majority of people who have BTC and who are fans and hodlers they like Twitter more than any other social network, so Musk's move to twitter was super smart, that's why everyone associates DOGE-SHIBA-Twitter with Elon Musk.

[hashrateproducts]

Dogecoin is one fo the most overhype coin the Crypto market. Elon buying Twitter just boost the bullish movement of Dogecoin which later drops in a duration of 24hrs. Dogecoin can still pump but it will definitely take time. The Price of Dogecoin is currently at $0.081cents, it's not even up to a dollar. All these hyping of Doge is just in favour position of his gain and Profits, nothing more. Elon tweet always affects the market both positively and negatively, both it also affects other coins.

[19Nov16]

Does not seem to have much effect on DOGE's performance, although many people say that DOGE is very dependent on Elon Musk but if we look at the trend after Elon Musk bought twitter then there is no different thing, this is because the DOGE community is already strong so it is not too dependent on one or more two top figures like Elon Musk.