Don't ask if DOGE can rise! Just ask "As long as Musk dares to tweet, I dare to double!"
Dogecoin (DOGE)'s fluctuations are almost tied to Musk's tweets. Every related update from this Tesla CEO can stir the market — setting it as a payment option, sharing memes, calling it "the people's cryptocurrency" — all have ignited trading enthusiasm. In 2024, a tweet with "🐶🚀" caused DOGE to soar 40% within two hours, with daily trading volume exceeding $8 billion.
DOGE does not rely on technology or ecology, but pushes the "meme property" and "celebrity effect" to the extreme. The community jokes, "Musk's tweets are the candlestick chart," with retail investors closely monitoring his account, forming a tacit understanding of "tweeting equals buy signal."
However, risks are hidden: in 2023, his comment, "DOGE is just a joke," caused the coin price to plummet 25% in a single day. But the market can quickly forget; when new tweets emerge, funds gather again.
Now DOGE resembles a social media-driven collective performance art, where fundamentals and technical indicators fail, leaving only the slogan, "As long as Musk dares to tweet, I dare to double!" continuing the absurdity.
There are still spots in the team, hurry and get on board!
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