Ninjastic
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Board Speculation (Altcoins)
Re: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run?
by
OgNasty
on 29/10/2022, 20:09:02 UTC
Quote from: Abiky on October 24, 2022, 12:56:05 AM
Quote from: crunck on October 21, 2022, 05:45:16 AM
Dogecoin is a scam? I can tell you it has been around for almost 10 years and it even outlived a lot of other top coins. IOTA? I remember correctly it was also a potentially evaluated coin and now I don't see anyone mentioning it anymore, is it still alive? What project is MAXX finance, what do you say it will be better than doge, a new coin and such a fishy smell, how can you compare with doge?

I can tell you Dogecoin is NOT a scam. It's been around the crypto space for a pretty long time now. What I can tell you is that Dogecoin is not meant to be taken seriously because of the large number of coins in circulation. Even developers said so. I'd say DOGE has hold onto itself pretty well, even though other coins have died quickly. It may not retain its price for long, but it's certainly a fun little coin you can use for experimental purposes.

For some reason, DOGE has attracted the likes of Elon Musk and other popular figures (eg: Mark Cuban) in the mainstream world. Especially Mr. Musk who's been a staunch proponent of the "meme" coin lately. Anything he says could positively affect DOGE's price, so I wouldn't be surprised if the coin "pumps" after the next bull run. As long as you don't put all of your life savings into crypto, there should be nothing to worry about. Just my opinion Smiley

The rise in market exchange rate price for DOGE since Elon bought Twitter has been astounding.  I'm sure he's already made a small fortune off accepting DOGE for his "Burnt Hair" cologne earlier in the month.  It's up over 50% just in the last 24 hours.  There always seems to be something hyping DOGE, but as far as I can tell it's still seeing lower highs.  I question if this latest pump isn't just more of the same.  If the price doesn't break over $0.20, then I think we're still just seeing pump and dumps.  If it does get significantly over $0.20 and stays there, I could see it making a run for a new ATH on the news that Twitter will be implementing DOGE payments.