Dogecoin and Twitter belong to each other. Dogecoin (DOGE) lives up to its reputation as a Meme Coin and is currently displaying a pump-and-Dump pattern from the textbook. The fun Token records an impressive 100 percent increase on a weekly basis, rattles with an equally impressive 24-hour Minus of 32 percent and only briefly conquered 1-Cent mark.
What usually causes the alarm bells for Altcoin investors, can not upset the common Dogecoin Hodler. Pump-and-Dump roller coaster rides are part of the Dogecoin DNA. Born as a fun Token, the cryptocurrency responds to the Twitter like no other.
Tesla CEO Elon Musk has positioned himself as particularly influential personality on Twitter. If Musk drops even the word “Doge”, you can set the clock for the next price explosion. It happened on December 20, it’s enough for the waiting Dogecoin community to go crazy.
One word: Doge
— Elon Musk (@elonmusk) December 20, 2020
On December 27th, You tuber KEEM followed the suit and beat the Doge advertising drums for his 2.8 million followers.
Next up! DOGE COIN pic.twitter.com/rcV2NxFYrn
— KEEM 🍿 (@KEEMSTAR) December 27, 2020
In fact, Dogecoin took a steep flight shortly after the Tweet by Angela White on Jan 2, 2021, and climbed above the Cent mark within a day.
— ANGELA WHITE (@ANGELAWHITE) January 2, 2021
A fun Token conquers the crypto market
It should be clear that Dodge price developments are on rather shaky grounds. It was in the summer of 2020 when a Tik-Tok Challenge ensured a Dogecoin rally, which, however, fizzled out just as quickly. The times in which a Dogecoin Investment is worthwhile are usually short, but very profitable.
After all: with a market capitalization of 1.2 billion US dollars, the digital currency ranks 29th among the largest cryptocurrencies with the a big, loving community that cares about dogecoin.