The influence of a person is known, when the action speaks for themselves! It is no doubt, ELLON Musk is making a huge impact in crypto market (especially DOGE & BTC). According to past history we saw this period of the years usually the market went into bearish trend but luckily this year seems to be different. Even though there were various reasons behind it but the Musk sure made a classic entry and all the other big institutions jumping in on CRYPTO, is still giving butterflies to many people. This trend should actually keep on going for few more months. At least, I suppose we all want it badly ;)
DOGE Pump!
The tweet about Doge from Musk is clearly affecting the price of Doge. Whenever something comes up from this person, the price of Doge plumets through the roof. The recent tweet of SNL event which will happen in 8th May, seems like people are enthusiastically waiting for that particular moment. It is like, what announcement will be there? How much effective would it be? How the price will affect? ETC ETC. This is a perfect example of FOMO which is happening right now.
I am even effected by that FOMO lol. SO I got in with a small amount of my portfolio and let me see what I can make along this hype. Few things are about to happen. Honestly, i am pretty sure some people are to make chunk of money from the next two days, while some people will eventually get their money stuck due to this FOMO.
Buy the RUMOR, Sell the NEWS!
No one knows what the announcement going to be about. So it is kind of a rumor that he might add DOGE as a payment method to TESLA. This really got people very much and seems like different crypto groups are also promoting it in different ways as well. IMO if the rumor goes through than it is going to be massive for Doge and the price impact will be huge and we might be able to see Doge even competing for the next place in crypto chart.
But if it goes sideways a massive dump will happen for sure. It will result in people panicking and selling their share off, which is going to impact the price retardedly. So better be prepared for everything of what might actually happen.
In addition if Doge making 2X from here the market cap of it would massively move to 3rd biggest crypto in the market overcoming BNB's current market cap. That would be literally crazy if that actually happens. A coin which has no significant value climbing up the ladder and making moves towards the top, this is more than insane. I personally do not appreiate it. As once this bubble pops up, the users who are investing as a new investor into DOGE like crypto, they will take crypto negatively ever than before. So better be prepared guys for everything.
Dip, screw it. If you can not enter in a dip (in a stable run) you might need to think other wise. Not a financial advice but there are promising coins which most of the time climbs up the ladder even after a dump. Big entities behind them will never actualy let their coin go down and rather would invest on it and put the price up higher by their own money. So there is a hint I guess. But even after everything, it is your money better be prepared to loose or gain from it.
Image source : 1 , 2 (CMC)
Best regards
Rehan
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Its a crazy bull run all around. Dip buyers are making a lot of money. Doge is suddenly in news due to tweet by techno king. Its difficult to say how long will it go from these levels
When Musk tweets, the world falls silent, and when he tweets about Doge, the fanatics jump to buy, the truth is that this year has been very beneficial for the whole crypto army.
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Something is up with Doge. I transferred $everal thousand to Poloniex three hours ago and it's a no-show. So, I pulled everything I had out.
But I can't help but wonde why it would dip 10% while Bitcoin is going up.
Tbh it was suppose to happen. The people who bought at a lower price they need to dump it somewhere. Even a 10% gain would be huge for anybody in such a short term trade.
Poloniex! HUH. I try to stay away from it as much as possible. SUN factt!
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Happy
There is nothing in this world today I want to see more, than
The crash of Doge
Let it go back to $0.0002, where it belongs
Like I have said previously, I would not even touch that coin for any reason. Lol anything above 2cents is too expensive for me. It is such a gamble right now but hey, trust crypto to do crazy things
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