Quote from: Abiky on Today at 02:38:08 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?

The majority of people are believing that Elon will do something and Dogecoin will hit $1 by this year. What do you think guys? Will tesla accept dogecoin as a payment? And the chances are high that other merchants do accept dogecoin as a payment.

Share your thoughts.

The crypto market has been bearish lately, so we can't expect much from Dogecoin's price. Not even Elon Musk will be able to do anything about it. He used to hint the possibility of adding Dogecoin into Twitter, but nothing has materialized yet. I think Elon Musk is playing with investors to "pump" DOGE for his own benefit. If he is taking the cryptocurrency seriously, he would've kept his promise by now.

Besides, why would you want a "meme" coin that's hyperinflated to rise in value? There are billions of DOGE in circulation, so don't expect it to go higher than $1 anytime soon. There are far better options to choose from in the market. Who knows if DOGE goes back to $0 someday? Just my opinion

Exactly, the amount of DOGE that is in circulation right now can be more than enough reason for you not to expect Dogecoin reaching the moon or even itself being a valuable asset. Even if you put Dogecoin on Twitter nothing will literally happen, users won't even bother to interact with that feature. Although Elon has included NFTs on Twitter, I do wonder how it'll turn out because even NFTs are declining right now.