Why is that when a promotional video or a tweet by popular individuals regarding a particular crypto are published, people go panic buying pushing the price up and become part of the reason for a pump and dump?
Elon Musk just tweeted about DOGE coin I guess we might see another phase FOMO coming in for DOGE coin. You can check out the tweet
here. DOGE is already up by 14% after that tweet lol.
It's a psychological thing I guess whenever someone with millions of followers says something about some product then their fans instantly wanna go try that thing. Makes them feel like a celeb??