Dogecoin is a coin without team and core technology, but Musk made it appear in the general public. Many people who are not cryptocurrency traders are buying Dogecoin, just like buying BTC. Why does it succeed? Is it just because of Musk? Dogira, Shibi, HOGE, who will be the next Dogecoin？
Or is there only only one unique Dogecoin？
must gave it a little hype. but dogecoin was already growing and getting community adoption by itself. even if must didn't tweet dogecoin. it would still grow with the time. it may not surged that fast as now. but it would eventually worked out.
I don't know why people are so interested in trolls, there are some coins and tokens which are now being used by big institutions for use in real world. So many undervalued coins. I feel doge is literally eating the space of other good coins and it will eventually be corrected one day for sure.
Yes. I also think that doge is unnecessary given so many attention and adoption without any good technology and use case. if that much shout outs was given to a good project a deservering project that would been a lot better for both the community and the project as well.
Well mate, what I think is a bit different but it might be close to what happened. I think the reason the hype was made is to profit. Maybe there is a possibility that when they and I mean the ones who created the hype, bought Bitcoins and Dogecoins, the currency was low then I mean the price. Then after they have bought it, then they started these tweets that became viral and spread like wildfire. Invest in BTC and DOGE now while it is not too late. Of course the old timers in BTC and DOGE and those who made a significant investment were the winners. Including of course those who invested and made the hype. Now they have sold, then the hype is gone and those who bought at the ATH will be the temporary losers.