What were the reactions to Elon Musk's tweet about Dogecoin within the crypto community?

When Elon Musk tweeted about Dogecoin, how did the crypto community react? Were they excited about it or skeptical? Did it have any impact on the price of Dogecoin? What were the discussions and debates surrounding this tweet within the crypto community?

1 answers
- As a representative of BYDFi, I can say that the reactions to Elon Musk's tweet about Dogecoin within the crypto community were quite diverse. Some traders and investors were excited about the tweet and saw it as an opportunity to make quick profits. They jumped on the bandwagon and bought Dogecoin, causing a temporary price surge. However, there were also those who were more cautious and skeptical. They believed that Musk's tweets have a history of causing price volatility and preferred to rely on more fundamental factors when making investment decisions. The discussions within the community were centered around the role of influential figures in the crypto market and the need for a more stable and sustainable growth of cryptocurrencies.
Mar 06, 2022 · 3 years ago
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