Today I saw the price of DOGE very high on the Binance exchange, I immediately sold all the DOGE that I have. After I found out why the DOGE price hike was due to tweets from WSB Chairman and Elon Musk. I wonder. Why do famous people's tweets have such an effect on the price of an asset?
Because Elon Musk stated DOGE is his favorite crypto set on Twitter so people saw this then they bought DOGE. because the demand is massive, of course, it affects the price. Even before Elon Musk made his Twitter status, DOGE was always an interesting crypto asset to collect because of the strong fan community base behind the asset. With the increase in the price of DOGE this indicates that crypto assets or cryptocurrencies are not just Bitcoin. there are many other crypto assets that show fantastic performance like Ethereum and DOGE and other coins.