Many people hope that Doge can soar into the sky with Musk’s call, and still hold on to the dream of Musk, to reproduce the glory of Doge in the past. However, the facts prove that Musk’s influence in the cryptocurrency circle is getting weaker day by day.
When Musk called for Dogecoin, it was just that he absorbed enough chips to become the banker of Dogecoin in an environment with sufficient market liquidity. He used his influence to attract off-market funds and push it upward.
Today, Dogecoin has a market value of more than 10 billion US dollars. Even if there are more orders, it is just going back and forth. Is there any off-market capital coming in now? Is there a consensus now? It has become a game of mutual cutting in the market using orders to create fluctuations, just to see who runs faster.
In essence, it is just Musk's performance-type personality, showing off his awesomeness and influence in the cryptocurrency circle. It is like a feeling that he can control everything. Musk himself built positions before calling the order, and cashed out after calling the order. Only the fans of Ma are left standing guard on the top of the mountain, paying for their beliefs.
When Musk is short of money, he comes to the cryptocurrency circle to withdraw money. This bad habit and trend should be cracked down. Is there no one who can punish Musk now? Don't believe in Musk anymore, he has become a cancer in the cryptocurrency circle.
