Quote from: leonair on February 22, 2023, 05:18:35 PM

Quote from: coinremitter on February 20, 2023, 09:44:34 AM

Since we all know that dogecoin is getting backed by Elon Musk and people also want him to accept payment in dogecoin for his Tesla cars. And since his single tweet can give a boost to the price of dogecoin, what do you think?
Does Elon really take doge to the moon?

Elon Musk shilling Doge Coin for the first time Doge price skyrocketed because a rich person like Elon Musk was the first to tweet about cryptocurrency and that was Bitcoin and Doge Coin. At that time everyone panicked and bought Doge and as a result many people made huge losses. So now no one panics over Elon Musk's tweets. So even tweeting about Doge doesn't pump up its price much. So now it is doubtful that Doge can go back to $1

The people that were part of the market at the time have learned their lesson and they no longer run to the exchanges to buy dogecoin as soon as Elon mentions it, however once a new bull market takes place and we get many new investors I believe those kind of tweets will have an effect again as those people will not be aware that this has happened before already, so the story is going to repeat again and many more people will lose their money thanks to dogecoin.