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 ?
The increase in dogecoin is only temporary and it becomes a trend on this memecoin when Elon tweets about dogecoin it will have an impact on the price but that doesn't mean the altcoin has entered a bullish period.
Musk can't afford to do that on Bitcoin because the capitalization of Bitcoin is bigger than any other coin so it takes a bigger effort to be able to pump it up.
Obviously a meme coin like Dogecoin is certainly different from Bitcoin but it must also be admitted that when Elon Musk posts a tweet about Dogecoin it will have an immediate impact on the price increase even if only temporarily,
whatever it is I think we need to always follow the news and developments from the market and that's important