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❕NEWS The price of Dogecoin went up by 20% - Musk's Tweet

AudraMiller

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The price of dogecoin has bene doing very well lately, and it has increased by 20% over the last day. This is a major increase in the price. Crypto analysts are speculation that this could be because of a simple tweet made by Elon Musk. .Musk has 40 million followers, and posted a single word (Doge). This could have prompted his followers to invest in the coin, therefore driving the price up. This clearly shows the influence that these figures have on the crypto world.
 

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The price of dogecoin has bene doing very well lately, and it has increased by 20% over the last day. This is a major increase in the price. Crypto analysts are speculation that this could be because of a simple tweet made by Elon Musk. .Musk has 40 million followers, and posted a single word (Doge). This could have prompted his followers to invest in the coin, therefore driving the price up. This clearly shows the influence that these figures have on the crypto world.
It's growth in price doesn't matter as it still have a very lower in value, and it still remains less popular. May be in next 10 years it will be rise as a major crypto like btc and ltc.
 

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If this is true and the price really increased thanks to Musk's tweet, that would be crazy, though not unheard of. Herd mentality is strong in the world of finance, but it doesn't mean that the value increases with the price.
 

AudraMiller

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It's growth in price doesn't matter as it still have a very lower in value, and it still remains less popular. May be in next 10 years it will be rise as a major crypto like btc and ltc.
I don't think that dogecoin will ever rise to that extent as there is no halving event so technically speaking there is an infinite supply, unlike btc and ltc. I think that dogecoin is popular though for trading in small amounts and for low transaction fees.
 

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Oh wow, this shows the kind of influence these big figures have on their followers. Just a tweet Doge and we have this positive turn around for dogecoin. This sounds amazing
 

AudraMiller

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Oh wow, this shows the kind of influence these big figures have on their followers. Just a tweet Doge and we have this positive turn around for dogecoin. This sounds amazing
Yes it does show their influence. But to a certain extent it also shows how volatile and easily influenced the market can be if the right people are influencing the population on crypto decisions.
 

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Yes it does show their influence. But to a certain extent it also shows how volatile and easily influenced the market can be if the right people are influencing the population on crypto decisions.
Definitely, the market will be a lot better. Your observation is valid here. A lot of things need the right influencers and things will begin to happen very fast
 

AudraMiller

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Definitely, the market will be a lot better. Your observation is valid here. A lot of things need the right influencers and things will begin to happen very fast
Exactly. So we can see that these coins that are soon to considered dead coins, or who are losing value., just need to be backed by some influential people in order to resurface.
 

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Exactly. So we can see that these coins that are soon to considered dead coins, or who are losing value., just need to be backed by some influential people in order to resurface.
Totally agreed with you. Maybe these influencers need to be aware of these coins. You know they can't endorse what they do not know about. More awareness might just be what is needed
 

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Wow all the credit goes to Elon Musk's tweet . But I don't think dogecoin will get in the position of investment like as bitcoin , litecoin, ethereum or bitcoin cash. So doge somehow popular because of its very low transaction fees. Anyways good to see one post was able to drive the price up by 20%
 

AudraMiller

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Totally agreed with you. Maybe these influencers need to be aware of these coins. You know they can't endorse what they do not know about. More awareness might just be what is needed
This is a good idea. However the number of coins that are leading to dead status have increased a lot recently especially with new crypto being introduced into the crypto world daily. Therefore i think that this is why these influencers tend to stick to the known coins.
 

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This is a good idea. However the number of coins that are leading to dead status have increased a lot recently especially with new crypto being introduced into the crypto world daily. Therefore i think that this is why these influencers tend to stick to the known coins.
Yeah! We wouldn't blame them since it only success that a lot of people want to follow. So yeah they might only want to influence the known coins more
 

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very few people are sailing their coins in Doge ocean now. mostly eyeing on bitcoin and some other profitable booster coins for a day shot. so wondering by Elon Musk's tweet "doge". 20% rise over time is not something outstanding a normal coin can go 70% hourly. not a dream but everyday reality.
 

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That's impressive that dogecoin was able to rise 20% by 1 day but now it has started to fall. So no use of that especially. The basic point is that doge is not a much appropriate platform for investment as the price is very low. I don't know about others but I personally not interested on dogecoin much.
 

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That's impressive that dogecoin was able to rise 20% by 1 day but now it has started to fall. So no use of that especially. The basic point is that doge is not a much appropriate platform for investment as the price is very low. I don't know about others but I personally not interested on dogecoin much.
typically if one day rised 20% that is good for short term hourly traders but i will say other coins more bright specially RAK or BASE jumped a lot you may not believe i did not buy BASE at 42 dollar but after 44 minutes i saw it went 33% up ! a lot of coin was my target all good so bought another one. i mainly target buying then selling after say 2 to 7 hours for 15% minimum expectation.
 

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typically if one day rised 20% that is good for short term hourly traders but i will say other coins more bright specially RAK or BASE jumped a lot you may not believe i did not buy BASE at 42 dollar but after 44 minutes i saw it went 33% up ! a lot of coin was my target all good so bought another one. i mainly target buying then selling after say 2 to 7 hours for 15% minimum expectation.
Yeah cryptocurrencies are so unpredictable they always changes suddenly. So that means we need to follow them every second? That's so hard. Like when coinbase released Ethereum token The Graph, it gained by 300% within few hours. I don't think only on coinbase, it was released globally on that day.
 

AudraMiller

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very few people are sailing their coins in Doge ocean now. mostly eyeing on bitcoin and some other profitable booster coins for a day shot. so wondering by Elon Musk's tweet "doge". 20% rise over time is not something outstanding a normal coin can go 70% hourly. not a dream but everyday reality.
70% hourly seems to be a bit far off from the actual increases that you see in the used coins. The 70% rise could be on low value coins and this could be based on the pump and dump strategy.
 

westmania

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Yeah cryptocurrencies are so unpredictable they always changes suddenly. So that means we need to follow them every second? That's so hard. Like when coinbase released Ethereum token The Graph, it gained by 300% within few hours. I don't think only on coinbase, it was released globally on that day.

Well as of my example I dont trade on top coins like BTC or ETH. but mostly target new added coins that just started now in exchange and safely securely eyeing on price to get a possible lowest buy price then usually can get a 35% to 50% profit after spot rise to a possible maximum. this actually happens in first 3 hours. i see after 3rd minute highest spike reaches then fall down.... so may be 2nd hour is bright lots of up and down one may buy 3 times with 15% expectation but also 1 trade is fine with 35% to 50% say enough in MXC exchange everyday 1 or 2 new coins being added plus i target those which gives good profit in short time like RAK, BASE, NBS. there were 2 similar name coins GPT and GRT both went 5x or 6x straight after buying on 2nd hour. i just missed it.
 

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Well as of my example I dont trade on top coins like BTC or ETH. but mostly target new added coins that just started now in exchange and safely securely eyeing on price to get a possible lowest buy price then usually can get a 35% to 50% profit after spot rise to a possible maximum. this actually happens in first 3 hours. i see after 3rd minute highest spike reaches then fall down.... so may be 2nd hour is bright lots of up and down one may buy 3 times with 15% expectation but also 1 trade is fine with 35% to 50% say enough in MXC exchange everyday 1 or 2 new coins being added plus i target those which gives good profit in short time like RAK, BASE, NBS. there were 2 similar name coins GPT and GRT both went 5x or 6x straight after buying on 2nd hour. i just missed it.
This is very interesting to see that you are targeting the new coins. The question that i have for you however is how can you know which of the new coins are likely to be of value or increase in value? There are many new coins that immediately go dead after they are released.
 

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Well as of my example I dont trade on top coins like BTC or ETH. but mostly target new added coins that just started now in exchange and safely securely eyeing on price to get a possible lowest buy price then usually can get a 35% to 50% profit after spot rise to a possible maximum. this actually happens in first 3 hours. i see after 3rd minute highest spike reaches then fall down.... so may be 2nd hour is bright lots of up and down one may buy 3 times with 15% expectation but also 1 trade is fine with 35% to 50% say enough in MXC exchange everyday 1 or 2 new coins being added plus i target those which gives good profit in short time like RAK, BASE, NBS. there were 2 similar name coins GPT and GRT both went 5x or 6x straight after buying on 2nd hour. i just missed it.
Wow your technique is soo better. I also think the newly released coins are best for to earn some quick profit as soon as the coin is released, it starts on rampage . Like the latest Ethereum token released about 1 week ago, got to 0.1 to 0.6 within few hours. So I also think these are the best way of investment.
 
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