Good news for dog lovers and bad news for the rest of the people. His shitty tweet about shit coin will only cause a bad reputation for crypto. If a meme coin like this can pump like this then investors are not serious about technology or project. It's more like a money-grabbing machine. Elon will surely manipulate the whole market for pumping doge as he did before.
Why has every pump in Dogecoin over the last two years always been associated with Elon? Is it because other people can't afford to pump on Dogecoin in the market. I was just a little surprised when there was a pump on Dogecoin in the market, the first name that was mentioned was Elon and it was as if he was the only one who could afford to buy Dogecoin in such a large quantity that the names of other people never appeared despite making the same amount of purchases as Elon do. After all, Elon himself also never said how many Dogecoins he bought at this point.
My hunch for the increase in Dogecoin at this point is because of two things, first because there is a bit of a push from the market starting to look green and even that it has little to do with Bitcoin's increase so that people start looking at the top ten cryptocurrencies to buy before they get expensive. The second is absolute because the number of buyers is increasing so that Dogecoin, which was ranked 10th cryptocurrency, is now ranked 8th cryptocurrency.
