Quote from: ethereumhunter on November 01, 2022, 04:23:59 PM

Quote from: gantez on October 29, 2022, 07:07:17 PM

Have you noticed the bull run with dogecoin when Elon musk got hold of tweeter. Dogecoin is around $0.13 now. This is no surprise for dogecoin hodlers I believe and now that Elon is in charge more bull soon is expected.

Do you think the bull is from the increase of bitcoin to $20k or because Elon musk is on the tweeter throne. What is our thoughts ?

It will surely hurt his followers if it turns out that this is just a trick carried out by Elon to profit from the increase in Dogecoin. But we also don't know if this is the effect of bitcoin's rise that has already occurred and can stay at $20k or if this is just a breath of fresh air for his followers to take advantage of the current bear market conditions. In the end, we'll see what happens later and when the bitcoin price drops again, Dogecoin will surely get a correction and could go deeper than before. So be careful to invest in Dogecoin and only use the money you can afford.

While it is true that people need to be more careful I doubt they will actually listen, what they care about is that dogecoin is presenting a good performance and they want to have some of those profits, this is even more prevalent now that we are in bear market and as such the performance of most coins has been terrible during the last months, however even with all the hype surrounding dogecoin right now I would not be surprised if we were to see that coin crashing as I do not see how such a high price can be maintained.