Wednesday, April 14, 2021
Home Crypto News Market Elon Musk And Dogecoin-Influencers Heat Dogecoin Roller Coaster Ride

Elon Musk And Dogecoin-Influencers Heat Dogecoin Roller Coaster Ride

- Advertisement -

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.

 

Dogecoin-Influencers

On December 27th, You tuber KEEM followed the suit and beat the Doge advertising drums for his 2.8 million followers.

 

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.

 

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.

- Advertisement -
Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Binance List the Coinbase Stock Token (COIN)

Binance will list the Coinbase Stock Token (COIN) on 2021-04-14 (UTC), during which the COIN/BUSD trading pair will be open. Users will be able...

6 Blockchain Business Use Cases You Should Know

The potential of the distributed ledger technology (DLT) — an umbrella term of which blockchain is the most popular kind — is enormous. Businesses...

Europe’s Largest Digital Asset Investment Firm CoinShares Launches XRP Exchange Traded Product (ETP)

CoinShares, a major British cryptocurrency investment company, has announced it plans to list XRP (Ripple) exchange-traded fund (ETP) on the SIX Swiss Exchange. This ETP...

Coinbase Stock Hits The Market And Gets Reference Stock Price of $250 from Nasdaq

Nasdaq has released the figures for the reference stock price of Coinbase, the largest cryptocurrency exchange in the United States, which is scheduled to...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly