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[AudraMiller]

Dogecoin has gained a lot of attention in the past few weeks especially with Elon Musk taking an interest in it, and this has caused the price to surge beyond anything that many thought possible. However in a recent article it seems that Elon Musk may be losing interest in this cryptocurrency, after he wrote a tweet that says that the whales within a cryptocurrency market are actually quite large and if they had to sell off most of their coins then he would have his full support into this cryptocurrency. After making the statement it seems that the price of the cryptocurrency has dropped by over 20% in a single day which is something that is very rare for this coin at the present time because we have been seeing the price continuously increase.

What are your thoughts on this and do you think that the whales should consider selling their coins in order to try and get a large people like Elon Musk behind this coin?

 

[BullyMaguire]

It's just going back and forth. It has increased again today.. guess it won't go back to the price it used idle at.. i think the normal price now will be at 0.5-0.6

 

[AudraMiller]

It's just going back and forth. It has increased again today.. guess it won't go back to the price it used idle at.. i think the normal price now will be at 0.5-0.6

It is likely that this will become a normal currency price for the coin however I think that the reason that it is increased is because one of the Whales has in fact sold off their coin. So this could be a major contributing Factor to why the price has increased.

 

[Virkk]

Dogecoin has gained a lot of attention in the past few weeks especially with Elon Musk taking an interest in it, and this has caused the price to surge beyond anything that many thought possible. However in a recent article it seems that Elon Musk may be losing interest in this cryptocurrency, after he wrote a tweet that says that the whales within a cryptocurrency market are actually quite large and if they had to sell off most of their coins then he would have his full support into this cryptocurrency. After making the statement it seems that the price of the cryptocurrency has dropped by over 20% in a single day which is something that is very rare for this coin at the present time because we have been seeing the price continuously increase.

What are your thoughts on this and do you think that the whales should consider selling their coins in order to try and get a large people like Elon Musk behind this coin?

Yes these big investors have great influence on price of cryptocurrencies.
I hope they will be interested to invest in Crypto in the near future so don't lose hope.

 

[AudraMiller]

Yes these big investors have great influence on price of cryptocurrencies.
I hope they will be interested to invest in Crypto in the near future so don't lose hope.

I definitely think that in the future there will be many more investments that are made into cryptocurrency because ad you see there are many countries and high ranking people that are getting interested and involved in it. However, the distribution of wealth is already out of balance in the crypto world.

 

[Niftyicon]

I definitely think that in the future there will be many more investments that are made into cryptocurrency because ad you see there are many countries and high ranking people that are getting interested and involved in it. However, the distribution of wealth is already out of balance in the crypto world.

Yeah! and I think that correcting that imbalance may be near impossible because as it is, it is those with the huge funds that can rule the markets.

 

[Wisdom01]

Lol well i think he should more careful on what he tweet , since many are looking towards is tweet in determining the fluctuation of the coin

 

[sagefave]

Elon Musk is trying to play crypto god and dictate to some extent the future of some cryptocurrency, including bitcoin and dogecoin. I am curious to find out which cryptocurrency he will tweet about next.

 

[Brain]

I believe it is going through what other coins goes through daily rising and failing so I'm believing it will rise again but I don't support musk assertion let the whales decides to sell on their own

 

[Rollerkid]

I know the in the future, the coin will rise but maybe now it will just be following the normal trend of all the crypto currencies. Maybe who knows, when the Reddit group guys decide to dump the coin, it might further drop by some percentage.

 

[achawaskey]

That is a personal thought, if the whale sale off there crypto the market will be crowded and the prise of the Doge will go down.

 

[Brain]

Doge coin is a good coin for the future. The major problem I have with the coin right now Is that a lot of investors are pumping the crypto currency just because of the hype from Elon musk

Well, for me I think Musk is just trying to make the coin popular and maybe be more valuable in price it could help boost the price which is what investors desire

 

[Rollerkid]

That is a personal thought, if the whale sale off there crypto the market will be crowded and the prise of the Doge will go down.

Yeah, that is the main determinant of crypto currencies prices in the crypto market. So whatever the future of dogecoin depends mainly on the behavior of whales.