Quote from: Trilli7777 on October 28, 2024, 04:55:24 PM

In the early hours of today, the x owner (Elon Musk) made a post on twitter showing he's support for the doge coin
Well in my opinion I'm happy he did this because this will not only increase the awareness of doge coin to the public but will also increase the trust people have for the cryptocurrency
Hopefully this will be enough to show people that doge coin has never been a shit coin

https://x.com/elonmusk/status/1850718973564006767?t=3AZXJZATpJMud32ZCCltxA&s=19

https://news.bitcoin.com/elon-musk-still-owns-a-bunch-of-dogecoin-spacex-owns-a-bunch-of-bitcoin/

I think you need to dig it deeply. Elon has a special motive by shilling Dogecoin. This is because he may still be holding Dogecoin. He has revealed that in 2022, he owned a bunch of Doge as a part of his assets along with Bitcoin. This means he may still be holding it till this time, and he is shilling it with the hope of pushing Doge's price to go up.

Elon often does this to drive the demand in the market to buy his owned token and drive it up. I think shilling Doge will raise crypto users' trust in it, then encourage more people to put their money on it. it's a really a basic theory used by the influencer to pump his bag.

In the end, It's simply that his motive is increasing his bags, and i don't see other reasons than it.