DOGE surges as Twitter change its website icon to Doge

[Xal0lex]

There is no doubt that Elon Musk is one of the Dogecoin Whales, he and those people working on Twitter would have benefited greatly from these changes, this is pure market manipulation, it is even possible he bets in both directions before the logo was changed and after the logo was changed. Even a novice trader knows that when the logo was changed that the price is likely going to dump and this is one of the best short trades this year.

If it's so obvious, why do most people still fall into this trap and run to buy an asset after Musk did something with the logo. This is absurd. The coin didn't get any additional distribution, there were no new announcements or developments, someone just wanted to have fun and stick the badge where it didn't belong at all. People blame all their losses on Musk, but for some reason they still can't stop reacting to some of his next manipulations.

[ifarted]

If it's so obvious, why do most people still fall into this trap and run to buy an asset after Musk did something with the logo. This is absurd. The coin didn't get any additional distribution, there were no new announcements or developments, someone just wanted to have fun and stick the badge where it didn't belong at all. People blame all their losses on Musk, but for some reason they still can't stop reacting to some of his next manipulations.

My guess is FOMO. Elon musk changing the twitter logo is already a hype for those who have doge on their wallet. How I see is that some people take advantage of this hype to earn profit. I am sure the price will be manipulated and as of now, I don't know if there's still hype about it when the logo back to normal though there's still discussions going around.

[isaac_clarke22]

I am not a lawyer, but assuming he did this in order to profit off some Doge holding he has, then I think that according to the law of the United States against inside trading, he was supposed to disclose any significant amount of Doge he had, so the regulators would assume he is partaking in fair-game and not manipulating the market to his favor.

It would be similar to him having to make public is intends to sell some of his Tesla stocks.

That reminds me. I never even heard on how much Doge was he holding back then when the news first came out since I heard that he was also holding Doge along with Bitcoin and Ethereum. Not sure how would regulators would do their next move about this one.

If I can recall correctly, he didn't even sold any of his coins but hey not every move of a celebrity is being reported so who knows.

[Hispo]

I am not a lawyer, but assuming he did this in order to profit off some Doge holding he has, then I think that according to the law of the United States against inside trading, he was supposed to disclose any significant amount of Doge he had, so the regulators would assume he is partaking in fair-game and not manipulating the market to his favor.

It would be similar to him having to make public is intends to sell some of his Tesla stocks.

That reminds me. I never even heard on how much Doge was he holding back then when the news first came out since I heard that he was also holding Doge along with Bitcoin and Ethereum. Not sure how would regulators would do their next move about this one.

If I can recall correctly, he didn't even sold any of his coins but hey not every move of a celebrity is being reported so who knows.

I think he only disclosed the purchase of a lot of Bitcoin with money of the Tesla company, so obviously he was forced to say that publicly, because it was in the interest of the shareholders to be informed of that movement. He later ended up selling much of those holdings, allegedly because he wanted to keep good relations with China, among other rumors.

Even though he has declared in the past that Dogecoin is his favorite crypto-currency, I don't remember him saying how much doge he owns, if he owns doge and it is much, then this situation with the Doge logo could backfire and makes things more difficult for him in the future.

He could have also told in advance to someone to buy Doge before the Logo change, for profit, so regulators cannot go after him so easily.

[trendcoin]

Elon replaced the logo of his website with the Dogecoin logo, and Dogecoin suddenly gained 30% in value. He then reverted the logo and Dogecoin returned to its former value. This is really like a joke. Elon undoubtedly knew this would happen. However, he did so with no pity for novice investors who might be swayed by that hype and be harmed by the end of the adventure. Elon is engaging in unpleasant behavior. If he does not have enough money, let him create a charity piggy bank, we will support him again. However, what he does is not pleasant. Making money like that doesn't suit him.

[D ltr]

People will be suprised if Elon rename Twitter to Barker or Barkings

this won't happen , twitter's reputation will get worse if there is a name change , and i think twiiter is already a verified platform name , madness is unreasonable to change twitter name to what you say

[fvb]

Yes, it's happening again. And I think that the price can become even higher if Elon Musk continues to make all sorts of hints as he likes to do it. Cryptic posts and the like.

[gunhell16]

First of all I have no idea what is going on there doge and twitter, so whatever Elon musk wants to do on twitter is his right because he is the owner of twitter.

As for dogecoin, no one knows what Elon is actually planning to do, let's just wait and see what will happen to dogecoin if its value will increase or decrease again in the market?

[bastian466]

That's ridiculous.  Behind the tragedy there must be a hidden purpose which I believe exists.  people are curious to try to see the logo change and some people will find out what doge is.  That's where the high curiosity arose, maybe there will be an increase in demand for doge coin so the price will rise.  doge's introduction to make it even more popular

[gurunanakji777]

I feel that Elon is driving the movement in the DOGE coin price. Last year, he tweeted about the DOGE coin which caused it to increase in value. Now, Elon has changed his Twitter logo to DOGE. We all know that Elon is a major player in the crypto world and even one tweet from him can have a significant impact on the market. In my opinion, as long as Elon continues to post anything related to the DOGE coin, it will benefit DOGE coin holders.

[Lorence.xD]

I feel that Elon is driving the movement in the DOGE coin price. Last year, he tweeted about the DOGE coin which caused it to increase in value. Now, Elon has changed his Twitter logo to DOGE. We all know that Elon is a major player in the crypto world and even one tweet from him can have a significant impact on the market. In my opinion, as long as Elon continues to post anything related to the DOGE coin, it will benefit DOGE coin holders.

That's for sure since he's the one influenced people to invest in DOGE coin in the first place. Now he owned Twitter where he can manipulate and promote DOGE for users to be aware and acknowledge the doge. But let's be honest, DOGE coin only rely on hype especially to Elon Musk if it wasn't mentioned before maybe it won't worth a lot or as well dead coin. It will be easy for Elon to control it since he's known for top investor and trader where people would follow his calls like before when he tweeted DOGE. It will survive for long as long people believed in Elon and keep hyping doge. But I won't risk my funds in hype maybe a quick flip would do.

[vv181]

A few days ago Twitter changes back its logo to the original one, the blue bird. As the hype and FOMO wind down, DOGE prices follow the sentiments. As of now, the prices lose almost 30% from the peak of the surges which is around 35% according to current CoinMarketCap data.

Based on my observation, there is not any further news about the assumed linked motive of his absurd lawsuit. Regardless the fact, I'm very sure the "mockery" surely hits the prosecutor and other parties who are in favour of it. I guess the current fate of Doge is only in the hands of big names or influencers, and I believe somewhat loses the meaning of its meme-based community owned status.

[swogerino]

A few days ago Twitter changes back its logo to the original one, the blue bird. As the hype and FOMO wind down, DOGE prices follow the sentiments. As of now, the prices lose almost 30% from the peak of the surges which is around 35% according to current CoinMarketCap data.

Based on my observation, there is not any further news about the assumed linked motive of his absurd lawsuit. Regardless the fact, I'm very sure the "mockery" surely hits the prosecutor and other parties who are in favour of it. I guess the current fate of Doge is only in the hands of big names or influencers, and I believe somewhat loses the meaning of its meme-based community owned status.

Doge has started as a meme coin without any promise of solving any real life problem like many well known other cryptos have come to life,it was just created as a meme and it was only because of Elon Musk that largely rallied back in 2021.Since then it became a good option to people having Scrypt ASIC miners which immediately switched to Litecoin+DOGE while before they were mining Litecoin only and that is the only thing that keeps somewhat alive Doge in my opinion.If it were only in the hands of influences like people like Elon Musk do then I see it difficult to rally in a big way.

[soramon]

Doge is originally is a meme coin. Since last bull run elon can change the price of doge and i think it is really amazing. His influence to doge is big. I hope newbie investor able to maintain the wave that elon created.

[TimeTeller]

A few days ago Twitter changes back its logo to the original one, the blue bird. As the hype and FOMO wind down, DOGE prices follow the sentiments. As of now, the prices lose almost 30% from the peak of the surges which is around 35% according to current CoinMarketCap data.

Based on my observation, there is not any further news about the assumed linked motive of his absurd lawsuit. Regardless the fact, I'm very sure the "mockery" surely hits the prosecutor and other parties who are in favour of it. I guess the current fate of Doge is only in the hands of big names or influencers, and I believe somewhat loses the meaning of its meme-based community owned status.

The changing of logo to doge by twitter indeed showed an uptick with its price.
So yes, the market performance of this old meme coin is greatly influence by this kind of action.
However, as we have seen, it is only short-lived. So for people holding this coin, they should be on the lookout if they want to profit from it.
Otherwise, channel your funds into other valuable coins like btc. It is quite hard relying on someone else's impulse with no concrete plans in the pipeline.

[ololajulo]

There is no doubt that Elon Musk is one of the Dogecoin Whales, he and those people working on Twitter would have benefited greatly from these changes, this is pure market manipulation, it is even possible he bets in both directions before the logo was changed and after the logo was changed. Even a novice trader knows that when the logo was changed that the price is likely going to dump and this is one of the best short trades this year.

If it's so obvious, why do most people still fall into this trap and run to buy an asset after Musk did something with the logo. This is absurd. The coin didn't get any additional distribution, there were no new announcements or developments, someone just wanted to have fun and stick the badge where it didn't belong at all. People blame all their losses on Musk, but for some reason they still can't stop reacting to some of his next manipulations.

Consider this perspective: The individual currently ranked as the second wealthiest in the world has a vested interest in a particular coin, and also possesses the financial means to provide significant support for it. The previous market cycle demonstrated notable increases in value for both Dogecoin and Shiba Inu, which many cryptocurrency enthusiasts dismissed as a mere bluff due to the coins' origins as meme-based currencies. However, numerous long-term proponents of digital currencies ultimately expressed remorse for missing out on the substantial profits that ensued. So if similar trend start who will want to miss

[Yamifoud]

A few days ago Twitter changes back its logo to the original one, the blue bird. As the hype and FOMO wind down, DOGE prices follow the sentiments. As of now, the prices lose almost 30% from the peak of the surges which is around 35% according to current CoinMarketCap data.

Based on my observation, there is not any further news about the assumed linked motive of his absurd lawsuit. Regardless the fact, I'm very sure the "mockery" surely hits the prosecutor and other parties who are in favour of it. I guess the current fate of Doge is only in the hands of big names or influencers, and I believe somewhat loses the meaning of its meme-based community owned status.

That is obvious we can say that without Elon Musk Dogecoin is likely nothing and too sad that many people don't think about it because what they think is a possible hype that will happen and make them rich. Perhaps, it is always ridden with hype in a short while and drops right away. Influencers are making money for this for sure and they keep doing this again and again. And I agree, anything that will happen to Dogecoin in the future lies in the hands of the influencers, not its investors.

[tvplus006]

Elon musk again posted a tweet about Dogecoin: "What does a dyslexic, agnostic amnesiac who believes in crypto do? Lies up all night thinking about Doge." - https://twitter.com/elonmusk/status/1645271510561562625. But this time we saw absolutely no change in the price of Doge. Why is this happening? Or has Musk lost his power in front of his followers?

[kapalmabur]

things like this are common in Doge, because Doge is really loved by Elon Musk and likes to be his pump game,
when he does the action, Doge will pump, yes, as long as we have to be careful and don't fall for fomo, then you will be fine of course,
hold doge if the price drops back is also very good this year.

[Jody.Drummer]

There is no doubt that Elon Musk is one of the Dogecoin Whales, he and those people working on Twitter would have benefited greatly from these changes, this is pure market manipulation, it is even possible he bets in both directions before the logo was changed and after the logo was changed. Even a novice trader knows that when the logo was changed that the price is likely going to dump and this is one of the best short trades this year.

If it's so obvious, why do most people still fall into this trap and run to buy an asset after Musk did something with the logo. This is absurd. The coin didn't get any additional distribution, there were no new announcements or developments, someone just wanted to have fun and stick the badge where it didn't belong at all. People blame all their losses on Musk, but for some reason they still can't stop reacting to some of his next manipulations.

This is what happens when indeed we are still very naive in seeing things.
Even though, reflecting on what Elon did before, I think it's pretty clear that he pumped and slammed again hard until now and when he changed there are still many naive people whose intention was to gain momentum but instead were trapped by the momentum they created.
It's quite sad actually when blaming Elon is actually useless when you see things like this because of course Elon also can't afford it if there's no additional naive people like this and when they fail to leave because the price has started to lose Elon won't have any problems and these people who will blame and say Elon is a fraud but I think it is also their fault that they want to be deceived many times by people like Elon.