Can we see a huge rise in the price of Dogecoin ?

[krishnaverma]

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

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[stadus]

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

Nobody knows about it but I see that Elon Musk has a plan for Dogecoin and the acquisition of Twitter could possibly have participated in it. Well, if that be going to happen then many investors will become happy with that, and I am also happy with them. As they are trusting this coin, they deserve to gain returns but until now, it was just speculation and only Elon Musk knows his plan for Dogecoin.
Let us see what will happen a few years from now and we don't have to miss his announcement/post on social media for this a way he give hints to the community.

[blockman]

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

We don't know but if he really likes Dogecoin to the point of accepting it for his companies, he should have done that long time ago with Tesla and Space X and with any other ventures that he got.
I'm doubting that he'll be accepting directly payments with Dogecoin but it's likely that he'll allow some third party services that will be integrated with Twitter to accept payments in doge or any other crypto.

[asriloni]

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

Agreed with your statement. The latest pump of doge coin happened due to the elon musk. This billionaire is always pushing the price of doge coin. So many doge coin fans were seeing him as a father of meme coin.  
Any tweet came from him about meme coin could give a huge impact to the price of doge coin. The new rumour about doge coin will be accepted by twitter as a payment system.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ?

It's possible and why not? since he has acquired twitter and his has all of control over twitter.

I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

It will as long as bitcoin will not be going down again. Bitcoin needs to get a steady run to make sure if doge coin pump will be even longer. You're too late to join in the party, why don't you buy doge coin when the price was around 5 cents?

[Ziskinberg]

We can't simply erase the huge event that ever happen to Dogecoin from our minds before. He shilled Dogecoin and make it hypes causing the price to climb up high. Now, most of us are still thinking the same story again. Unfortunately, we simply don't know about it as he never tells us what he gonna do with Dogecoin. But, in some other way, we can expect support from Him to this meme coin, he can't just leave it for sure.

But on the other side, I believe he buys Twitter not for crypto, not for the said purposes. But probably he is doing this to expand his influence and attention in social media. Just my thought...

[Tony116]

We can't simply erase the huge event that ever happen to Dogecoin from our minds before. He shilled Dogecoin and make it hypes causing the price to climb up high. Now, most of us are still thinking the same story again. Unfortunately, we simply don't know about it as he never tells us what he gonna do with Dogecoin. But, in some other way, we can expect support from Him to this meme coin, he can't just leave it for sure.

But on the other side, I believe he buys Twitter not for crypto, not for the said purposes. But probably he is doing this to expand his influence and attention in social media. Just my thought...

He is the best businessman in the world and he owns 5 companies at the same time, he wouldn't be stupid enough to spend 44 billion to buy twitter just for dogecoin or crypto. He definitely had a plan for his entire business before buying twitter. People seem to be wrong to think that he is a crypto lover what he is doing is for profit and not for the market or the future of doge.

In my opinion, doge is really lucky to be picked by him but will also die if he switches to frolicking with another coin, maybe it will but for now doge will still benefit a lot from him.

[fzkto]

Even if Elon Musk finds a use for dogecoin on Twitter, I don't think there will be as much explosive growth now as there was in 2021. Elon has manipulated the price too many times and now he has less credibility. If DOGE used to be very cheap and no one needed it, now it is a top coin with a huge capitalisation that will be hard to inflate.

[Jackl87]

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.
So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

I think we should not expect to much from Elon Musk in terms of really pushing the adoption of Dogecoin and cryptocurrencies as a whole. I think that he likes the idea of cryptos and is also supporting it but it does not really have a very high priority for him i would guess. He is doing so many things at the same time that he can not really spend a lot of time and energy to push cryptos. I also think that the first big effect of his tweets about Dogecoin have already worn off. So even if he makes a positive tweet about Dogecoin now it is nothing new anymore and it will not really have a big effect on the price anymore.

[uneng]

The only correlation between twitter purchase and dogecoin would be the introduction of the cryptocurrency inside the platform for subscription payments or the potential feature of sending tips on the platform to another users. Besides these two concepts, I don't see why dogecoin would gain more value solely based on twitter being acquired by Elon Musk. Companies are traded all the time and cryptocurrencies don't get hyped because of that.

But if you believe doge can be introduced to twitter's environment soon, make sure to hold some coins.

[KennyR]

Elon Musk is businessman and he can use sale strategies to increase revenue of company. I doubt he will be directly part of Doge pump but everything is possible on Twitter that controlled by Elon's team. Let's see what happens.

Already he have made a big fortune out of it. Now owning Twitter have made people believe he'll manipulate the market. Even after the acquiring of Twitter there is good rise in the market of dogecoin. As stated, he's a businessman and his views will be on the same note to generate revenue. His involvement to pump doge directly could happen only on acquiring the doge network, which won't happen. For now it is time to be cautious and make some profit through his activities.

[Wexnident]

Maybe if he implements Dogecoin towards services that Twitter uses. Heck even without doing anything I think Dogecoin owners would hype it out since they can freely assume that Elon would inevitably do something positive with DogeCoin together with Twitter, I'd imagine the market would pump immediately if he announces any official direct involvement with it. I wouldn't put it past him to actually do it, but I think it'd still take some time since he's still solidifying his control over Twitter. Maybe after the implementation of the paid verification mark we'd see some announcements about it.

[tbct_mt2]

Maybe if he implements Dogecoin towards services that Twitter uses. Heck even without doing anything I think Dogecoin owners would hype it out since they can freely assume that Elon would inevitably do something positive with DogeCoin together with Twitter, I'd imagine the market would pump immediately if he announces any official direct involvement with it.

Because Elon Musk already became a new owner of Twitter, Chief Twit as is written on his Twitter profile, people believe that he will use Twitter as one of his ways to shill Dogecoin.

I don't think they are wrong about that but Dogecoin has a good specification technically, it is a Proof of Work coin so it won't die if mining won't stop.

Moreover, Dogecoin has a big influencer, Elon Musk and he has a big Twitter account that can be used very effectively to shill Dogecoin, if he wants to.

[BigBos]

Elon Musk is businessman and he can use sale strategies to increase revenue of company. I doubt he will be directly part of Doge pump but everything is possible on Twitter that controlled by Elon's team. Let's see what happens.

Already he have made a big fortune out of it. Now owning Twitter have made people believe he'll manipulate the market. Even after the acquiring of Twitter there is good rise in the market of dogecoin.

My point of view on the rise of DogeCoin in the past weeks is because Elon Musk is a fanatical investor of Doge Coin, of course, everyone knows that, by the market mechanism, seeing the news of Elon Musk buying Twitter, with its popularity affecting the DogeCoin market so many retail traders bought it.
I don't agree if you say it's to manipulate the market, it's impossible because if Elon wants to manipulate the market with twitter it will be very easy for him to do that considering his followers reach 114.6 M users on Twitter at this time. however, we can't conclude anything about this, because we don't know what Elon Musk is actually planning in the future besides that he also doesn't confirm the speculations circulating about the dogecoin.

[Dimitri94]

Cryptocurrency and Elon Musk both are very familiar name. But Elon Musk's popularity in crypto has been reduced by the investors. Investors were worried about the regularly posts on Twitter about Doge Coin and at one point his words and actions were largely inconsistent. But he is not an anti about crypto. He has recently taken ownership of Twitter which has somewhat influenced Doge Coin. But this doesn't seem to last long as the market could turn lower again anytime.

[Maestro75]

We don't know but if he really likes Dogecoin to the point of accepting it for his companies, he should have done that long time ago with Tesla and Space X and with any other ventures that he got.
I'm doubting that he'll be accepting directly payments with Dogecoin but it's likely that he'll allow some third party services that will be integrated with Twitter to accept payments in doge or any other crypto.

It can be that maybe Elon Musk wants to keep a different profile with Tesla and other companies he runs from Twitter, that is likely why he will accept Dogecoin as means of payment on his Twitter platform but not on all others. He was twitting about Dogecoin long before he bought Twitter and I do not see why he will want to stop now. On the announcement that he had bought it, price of Dogecoin went up and gave holders a new faith in the coin. It is a good investment to buy that coin now as I do not see it dumping. Buy, wait and sell when you think price has increased enough.

[Ayers]

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

We don't know but if he really likes Dogecoin to the point of accepting it for his companies, he should have done that long time ago with Tesla and Space X and with any other ventures that he got.
I'm doubting that he'll be accepting directly payments with Dogecoin but it's likely that he'll allow some third party services that will be integrated with Twitter to accept payments in doge or any other crypto.

I don't think it's a good idea, it's good for him to hold the doge and use it to make money, but it's better not to incorporate the doge into outside businesses. I think he has yet to apply doge to his company payments, which is a really wise move.
Cryptocurrency is very volatile and if he applies it to his company sometimes it will be detrimental to the company, it is not an act of showing affection or proving to someone, with that action he got himself into trouble.

[shinratensei_]

Don't you aware if elon is the main reason why doge coin being pumped so hard? He was making so many gimmicks related with the doge coin and his millions followers were always taking his action as a signal to buy the coin.

The huge rise in the doge coin will be inevitable. Elon may make it goes even higher if twitter will be announced to accept the doge coin as a part of its payment system. Recently subscription already implemented and then i think that we will be going to see him making another tweet about doge coin.
The impact from the richest man in the world was so crazy. It can send the price of doge coin to go up so fast just in over night.

The community was still waiting for another huge news or tweet that may come from him soon.

[cheezcarls]

Elon Musk is a big supporter of Dogecoin and has promoted it multiple times. Now he also owns Twitter where he has many times pushed different crypto projects and caused big fluctuations in the price of different crypto coins.

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ? Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

I'm not saying that a huge rise of DOGE may not happen at all, because we all believe that nothing is impossible. But the reality nowadays is that we just simply do not know when that will happen next? Elon Musk have already done that before, but I don't think his next plan of hype won't impact much on DOGE's price anymore. That's just my opinion of course.

[Flexystar]

Elon Musk is a Mystery Box.

You never know whats going on his mind at any given time. Just saw the news that twitter is now going to monetize the content just like other platforms available there and start giving money to the users too.

Now I don't see any reason why Elon won't come up with the idea that lets monetize everyone in the DOGE form.

Remember the SNL show? How he bragged about the mother day gift of DOGE coins? I am still suspecting that they are hodling huge chunk of it and would want to grow them with monetization strategy ahead of the time.

We can only wait and watch in this situation because it's Elon and he could do bad ass stuff.

[Coyster]

Do you think one should bet on this event and spend good amount of money on dogecoin for reaping the benefits later ? Or we should not rely on a man like Elon Musk who has made contradictory statements about bitcoin is past? Which side are you ?

I don't think one should bet on a crypto because one person is causing hype and promoting it, what a very risky thing to do, this can be akin to manipulation, and it doesn't end well. When a coin can be manipulated by one or a few persons, then mind you that the same coin can likewise crash due to the actions and influence of that person or a few people too, it goes both ways and anything can happen.

Having said that, if you believe there is a new hype coming that would pump Dogecoin then you can invest, but for the short term, because hype never lasts long, especially when it is driven by one man, if you want to spend a good amount of money on a coin and reap the benefits in the long run you should look at coins that have an actual utility and aren't basically driven by solely hype/manipulation.