DOGELong
📊How Elon Musk has influenced the price of the Dogecoin?
April 9, 2021
📌Investors in Doge expected that at the entertainment show Saturday Night Live Elon Musk will continue to talk about Doge, thus contributing to rising prices.
📌Elon Musk instead answered the question about Doge: "Is this a hustle?" answered "Yes. This is a hustle" thus causing the price to fall by 26% in the first hour as shown in the chart
May 11, 2021
📌Elon Musk asked his followers on Twitter if Tesla should accept payment for Tesla in Dogecoin.
📈Price: + 15.7% per hour
May 24, 2021
📌Elon Musk called for involvement in the development of Dogecoin on the Github
📈Price: + 11% per hour
June 2, 2021
📌Elon Musk dropped a picture of a doge with the inscription "I have to keep my passion hidden from the public or I'll be socially ostracized."
📈Price: + 8% per hour.
💡From this follows the riskiness of Dogecoin as a means of investment and the impossibility of conducting a fundamental analysis of this coin.
📌Investors in Doge expected that at the entertainment show Saturday Night Live Elon Musk will continue to talk about Doge, thus contributing to rising prices.
📌Elon Musk instead answered the question about Doge: "Is this a hustle?" answered "Yes. This is a hustle" thus causing the price to fall by 26% in the first hour as shown in the chart
May 11, 2021
📌Elon Musk asked his followers on Twitter if Tesla should accept payment for Tesla in Dogecoin.
📈Price: + 15.7% per hour
May 24, 2021
📌Elon Musk called for involvement in the development of Dogecoin on the Github
📈Price: + 11% per hour
June 2, 2021
📌Elon Musk dropped a picture of a doge with the inscription "I have to keep my passion hidden from the public or I'll be socially ostracized."
📈Price: + 8% per hour.
💡From this follows the riskiness of Dogecoin as a means of investment and the impossibility of conducting a fundamental analysis of this coin.
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