Could Elon Musk's D.O.G.E. affect Dogecoin market prices?

[bitgolden]

There were hopes for that, but considering it has already started and it has already made some cuts, I do not think it would be wise to say there will be some similar situations between these to connect them together. I can see why it would feel that way, since they are both named the same, but unfortunately as we can see, it hasn't made anything.

I do not see any reason why it would suddenly start to make Doge go up now, after so many time, when it first started was the best time it could have done this, but unfortunately we are no longer there anymore and we can't say that it would make sense for it to be impacting the price anymore. The people have seen it and decided that it has nothing to do with price so they didn't buy.

[Abiky]

The association with Elon Musk is probably not helpful, but I’m not sure you can blame him for its recent decline. It was doing really well prior to Trump getting inaugurated and then there was a big crash because of high profile rug pulls and tariffs, which impacted altcoins a lot harder than Bitcoin.

Musk going on Joe Rogan’s podcast and basically saying that investing in memecoins is stupid might have caused potential investors to reconsider, but we will have to wait more than 2 months to see the long term effects when compared to the overall market. If Dogecoin is one of the worst performers, then we can definitively say that anti-Musk sentiment was the reason.

Wasn't Elon joking? "Meme" coins are a joke, after all. He could be playing with investors' minds. Anyways, we'll have to see how Dogecoin will react within the short term. Market prices have been going down lately, but it's not because of investors' disappointment with Elon Musk. Rather, it's a response of the on-going trade war between the US, Canada, Mexico, and China. Especially, Canada. Trump promised "reciprocal tariffs" by April 2nd, so this is not over yet.

We should expect more pain for DOGE in the time-being. Good for Elon himself, because now he can buy more Dogecoin at a cheaper price. Would you imagine the "meme" coin hitting $1 in the long term? That would be a dream come true. Crypto land behaves in many strange and bizarre ways, so anything's possible.

[Bushdark]

That's the point. Elon musk is an investor who is pushing the dogecoin market and I don't think he has been making statement about dogecoin lately, perhaps he has been busy with Trump job. If he comes out to make statement on dogecoin especially negative, that would be seen as blackmail. I'm sure he is finding way to resolve the challenges in his head with D.O.G.E and look for means to get Tesla shares back.

Elon Musk and others can control the market with their positions if they open the trades. Tesla shares are important for Elon Musk because thats one of his gigantic investments. He's also incharge with Doge but that would have been an abandoned project but he's not reluctant, he might be discreetly doing some bidding on this project since he's the CEO.

Elon Musk is a top whale in the crypto space and there's no way he's panic with the whole unsettling up and down movements of the market. He was more focused in carry out important roles in Donald Trump presidential campaign and today, he's smiling because his target have been meet.

I don't know if it was a fake rumor but I over heard that Elon musk is planning to resign because the position he was given has caused so many damage to his personality and his company. Tesla is battling invaders burning down Tesla cars and making the Tesla stock market to keep falling. When Donald Trump won the election, Elon stock market drastically skyrocket making more investors to buy in and hold but now I think things are falling apart. He is blaming himself for taking politics too seriously. He was supposed to mind his business not to be too focused on politics because it has a serious consequences from the society.