Doge Coin saw a instant hike in Price after Elon Musk Tweets , "SpaceX is going to put a literal Dogecoin on the literal moon".
Doge coin is one of the oldest Crypto Currencies known to the World of Crypto.
It is also one of the top twenty Crypto currencies when it comes to ranking it. It has a market Cap of more than $8.5 billion.
Doge coin has been in headlines from the time it started getting support from World Richest man and founder of Tesla and SpaceX , "Elon Musk".
We have seen in past few weeks how Elon Musk tweet manipulated the price of doge coin many times.
Same thing has happened today when Elon tweeted , "SpaceX is going to put a literal Dogecoin on the literal moon".
See the chart below taken from Binance exchange.
Clearly we can see that the price went up instantly at one point and then fall down. from $0.053xx to $0.07 that was the change we saw.
If you don't know i must tell this happened after Elon Musk tweet but soon after this rise the price came down very fast.
Actually people have started to think that Elon Musk tweet change the price of the coin in positive manner and that's why when the tweet was made some large investors tried to manipulate the price.
that's what my though is but the manipulation didn't seem to work the way it should have.
So coming to last section of my post i.e the prediction for future and I would say that doge coin might go a little bit up maybe around $0.06xx .
Let's see if more tweets ll be coming from Elon Musk side and it ll effect the price or not. I would suggest not to invest just because what happened today.
Happy Trading Everyone.
i hate that this is happening in this market
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Oh, this Elon Musk, who will say something about cryptocurrency, and she starts dancing with a tambourine there. Guys, so that without such nerves in the crypt, I advise you to try the currency on https://www.fxgiants.com/fxg/platforms/metatrader-4/, everything is fine here, and there are no such jumps, at least not as often as in the crypt.
Thanks for the information. I usually track the state of the market at https://tradingoverview.com, but I think reading this kind of news is important to stay informed. By the way, this site has very convenient tables that contain all the necessary data such as volume of transactions per day on various exchanges. It helps me in trading.
How did Elon Musk become a crypto expert which the whole world seems to follow whenever he posts anything? Just asking &if anyone can shed any light, i would be grateful for the feedback.. To the moon!!
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i dont think doge is the oldest coin in crypto world. btc is.
Yeah BTC was introduced in 2009 whereas, dogecoin was introduced in 2013
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