I think Elon and Doge have a lot in common so what Elon does has an impact on Dogecoin. Every time Elon tweets the price of Doge increases but the current market supply is high but the price is very low. The market is not fixed no matter the tweet tries to increase the price.
There could be no connection between Elon Musk and Doge coin so far maybe he is just an investor same way everyone is. The only reason is just due to his influence. Elon has a bigger influence on making even project with less value succeed with just a single post. If he would make a post on any other Altcoins, same way the price of the coin will pump.
But why does Elon keeps bumping Dogecoin , how many times did Elon mentioned Doge in His tweets that made this coin increasing high? maybe he is one big investors and indeed that he is making money out of this tweeting.
Omg some time ago Elon Musk again shocked the cryptocurrency community by changing his Twitter home profile and as the owner of Twitter which became the symbol of Doge Coin, now Doge has increased by 24% recorded today at
https://www.coingecko.com/en/coins/dogecoin there is always this behavior of influential people.
Do you think Elonmusk's movement can make Doge return to the moon?
Don't worry as everything is for temporary , Elon Musk will do everything for Him to make money so it is not just dogecoin mate, he even Pumped Shiba Inu in the past and some shitcoins more.
so maybe you are just buying what he does that time but not checking what have he done many times before?
I also felt the same way, because at that time crypto was hype, so he put his money there, and did fomo on the project he bought, because he also wanted profits from there.
until finally he committed fud.
sad but true , this is something why we need to distance in this project and in this person.