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.
Nothing new, just a stampede, people are used to think that popular individuals are always at the heard of herd because their mind associates popularity with success. And they don’t think about the way success was achieved. Teasing is one of the elements of Musk's life. Following him one can notice he is used to do it in every field of his activity. Cryptocurrencies are is not in the list of exceptions to the rules.