Elon Musk the hero crypto deserves, but maybe not the one it wants, says exec

[dodok]

In my opinion, this is true because it has been proven that Elon's tweets can move crypto prices, for example, in a tweet on Doge, he tweeted Doge and the price of Doge immediately jumped. Until now, Doge is still supported by Elon, so investors still believe in Doge.

[Zezari]

This then means that the cryptocurrency does not need to develop updates, just write Elon Musk on Twitter so that he would promote the cryptocurrency icon, it would be normal for everyone to have such an advertising manager.

[lepbagong]

In my opinion, this is true because it has been proven that Elon's tweets can move crypto prices, for example, in a tweet on Doge, he tweeted Doge and the price of Doge immediately jumped. Until now, Doge is still supported by Elon, so investors still believe in Doge.

but it must be admitted that it is the intelligence possessed by elon musk but elon musk cannot change and make market movements, why? because right now where the market is falling, it seems that Elon Musk can't do anything to be able to move the market, especially not being able to increase doge.
because Elon Musk already knows the market situation and he won't tweet anything to make Doge increase.
that is the intelligence that elon musk has because he is able to influence his followers to believe.

[Tolyk]

It seems to me that Elon Musk influenced the cryptocurrency market a little bit, this is a marketing move from Elon Musk. Not a bad advertisement, I wonder how much it cost him.

[therozaq]

Elon Musk’s ability to move cryptocurrency markets with his tweets represents a danger to the average investor, says CoinSwap founder Erik Nurm, but the furore created around the Tesla CEO’s social media activity could draw more eyes to crypto in the long run. See more for yourself here.

Your opinion is greatly appreciated.

TBH, I wouldn't say Elon Musk is a doge hero.  Because he also took advantage of it.
He gained big profit.
In my opinion, Dogecoin is just a meme coin that popularized by the rich man Elon Musk.  Doge doesn't have a great project, so I doubt the coin will last long.
sorry...
maybe I have different opinion

[JahriMeayer]

I must admit that, due to stardom of elon musk, more people of the world get to know about cryptocurrencies as Twitter owner elon musk keep shielding doge and tweeting about crypto, such thing makes the crypto spread among people. But i agree with CoinSwap founder Erik Nurm because elon can also sell his share anytime if he want or if he found profitable. After that, people would be stuffer , after all doge is a memecoin

[Nazmul012]

Can't deny that there was significant role of elon musk behind current position of doge. When elon musk had tweet about doge, his followers started purchasing it and volume of dogecoin got increased. Even thus crypto industry goy highlighted to people and many people came here as searching of cryptocurrency. But now elon can manipulate doge and might do a lot of things by using his followers which could be dangerous as Erik Nurm claimed

[densus88]

Can't deny that there was significant role of elon musk behind current position of doge. When elon musk had tweet about doge, his followers started purchasing it and volume of dogecoin got increased. Even thus crypto industry goy highlighted to people and many people came here as searching of cryptocurrency. But now elon can manipulate doge and might do a lot of things by using his followers which could be dangerous as Erik Nurm claimed

Yeah I think It's just Elon effect.
Dogs performance depends on Elon.
Because dogecoin doesn't not good project that attracts investors.
So, I suggest to invest in other coins, not just meme coins.

[ajiz138]

Yeah I think It's just Elon effect.
Dogs performance depends on Elon.
Because dogecoin doesn't not good project that attracts investors.
So, I suggest to invest in other coins, not just meme coins.

Elon Musk played an important role in Doge, just imagine when Twitter was first bought, Elon Musk changed the Twitter logo to Doge and after that changed it, so you could say he is a Doge fanatic.

But Doge is the oldest meme coin, currently the volume is the highest among other memes, so you can be sure that Doge will remain in top volume.
Many people advise not to invest in meme coins but many people hope that there will be an explosion and they can make profits of 100x or even 1000x. Behind that there is a risk.

[SamReomo]

Many people advise not to invest in meme coins but many people hope that there will be an explosion and they can make profits of 100x or even 1000x. Behind that there is a risk.

There is huge chance of earning a lot of profits by investing in meme coins but the problem is that everyone is creating their meme coins these days and most of those meme coins are created to grab some money from the investors.

It's very risky to invest in new meme coins but if someone's luck is good then surely 100x to 1000x of profit is possible. I really don't care about other meme coins but surely Doge will always remain as a part of the market and it can gain more value in long term.

[Wiseman]

I think that Ilon Musk is not the man who can be called a cryptan, he probably mostly just joked and promoted only DOGE coin, about the rest of the cryptocurrency and in general about the whole he does not say much, because it is not interesting to him, I think that if he wanted he could attract a lot of people to cryptocurrency.

[bitterguy28]

Elon Musk’s ability to move cryptocurrency markets with his tweets represents a danger to the average investor, says CoinSwap founder Erik Nurm, but the furore created around the Tesla CEO’s social media activity could draw more eyes to crypto in the long run. See more for yourself here.

Your opinion is greatly appreciated.

But knowing how and what is his capacity now? I believe that over the years His influence are slowly fading as most of the coins he wanted to Bump are meme coins and mostly is like to be pumping and dumping.
and calling him a Hero? maybe it is best to be called manipulator than a hero? well that's just me  or some others that has this same belief .

[enwi]

Elon Musk’s ability to move cryptocurrency markets with his tweets represents a danger to the average investor, says CoinSwap founder Erik Nurm, but the furore created around the Tesla CEO’s social media activity could draw more eyes to crypto in the long run. See more for yourself here.

Your opinion is greatly appreciated.

But knowing how and what is his capacity now? I believe that over the years His influence are slowly fading as most of the coins he wanted to Bump are meme coins and mostly is like to be pumping and dumping.
and calling him a Hero? maybe it is best to be called manipulator than a hero? well that's just me  or some others that has this same belief .

Meme coins have quite high trading volumes, which are actually manipulated by whales who like to control price movements, including meme coins. With prices that are cheap enough to ultimately make whales prefer to trade in meme coins with the daily trading volume generated every day being quite high.