Dogecoin was going up and up when Elon Musk was posting about it more and more. Because of him, the coin managed to increase more than 13,000% in a year.
Now, since after his appearance on Saturday Night Live the coin is nearly 40% percent down from it’s all-time high.
It happened probably because Elon conceded at SNL that it was a ‘hustle’.I remember how Verge surged massively after John McAfee’s comment.
Later it was revealed that McAfee charges money for promotional cryptocurrency tweets.
I don’t believe that Elon Musk is getting petty by promoting cryptocurrency for his benefits. But it is surely a pump and dump case with the Dogecoin today.
What do you think about Dogecoin?