Dogecoin, which started as a meme currency but received a lot of support from the billionaire tycoon in the past few months also gained in value. But this positive trend in the cryptocurrency market is no guarantee that it will see the bull run, which started at the beginning of this year, again so soon. At most, the value addition to the price of Bitcoin and other digital currencies over the past two days most likely seems temporary.
What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?
As we can see from Elon Musk's example, that the price of cryptocurrencies can be easily manipulated, which means that the rise we saw at the beginning of the year cannot last long, of course there is no more growth, it's just that the rich are doing everything to get richer. We just need to follow what is happening in the crypto market and when the time comes to take action.