{"id":3746,"date":"2021-05-11T09:29:23","date_gmt":"2021-05-11T07:29:23","guid":{"rendered":"https:\/\/walloftraders.com\/blog\/?p=3746"},"modified":"2022-02-14T16:45:18","modified_gmt":"2022-02-14T14:45:18","slug":"elon-musk-dodging-through-the-dogecoin","status":"publish","type":"post","link":"https:\/\/walloftraders.com\/blog\/en\/elon-musk-dodging-through-the-dogecoin\/","title":{"rendered":"Elon Musk Dodging through the Dogecoin &#8211; And it hurts"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/walloftraders.com\/blog\/en\/elon-musk-dodging-through-the-dogecoin\/#Dogecoin_and_the_weekend_Event\" >Dogecoin and the weekend Event<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/walloftraders.com\/blog\/en\/elon-musk-dodging-through-the-dogecoin\/#But_why_Elon_Musk_talked_about_the_Dogecoin_this_way\" >But why Elon Musk talked about the Dogecoin this way?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/walloftraders.com\/blog\/en\/elon-musk-dodging-through-the-dogecoin\/#Look_at_it_this_way%E2%80%A6\" >Look at it this way&#8230;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"dogecoin-and-the-weekend-event\"><span class=\"ez-toc-section\" id=\"Dogecoin_and_the_weekend_Event\"><\/span>Dogecoin and the weekend Event<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Shiba-Inu represented coin has been in the limelight when the CEO of SpaceX hosted a Saturday night show on the 8th of May and the<strong> Dogecoin army was anticipating a positive word to help the coin hit $1<\/strong> but it all ended with a meme just as the coin started. The proclaimed Dogecoin CEO Elon Musk, who has been a key factor in the acceptance and growth of the coin through his tweets did not do the army justice.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"450\" height=\"299\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2021\/05\/dogecoin-1.jpg\" alt=\"Dogecoin\" class=\"wp-image-3802\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2021\/05\/dogecoin-1.jpg 450w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2021\/05\/dogecoin-1-300x199.jpg 300w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/figure><\/div>\n\n\n\n<p>Dogecoin has seen a massive growth of up 15,000% year to date. Elon Musk has called it <a href=\"https:\/\/dogecoin.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">the future of currency<\/a>. <strong>Dogecoin has been mentioned to replace the dollar in the near future<\/strong> and it has been growing massively. Before the show, the coin had hit an all-time new high of 72 cents. Unfortunately from the appearance of Musk which supposed to change the game for the coin was not as impressive to the Dogecoin family as expected. <strong>The price started to go down from the beginning of the show.<\/strong> The price was at 70 cents when the show was starting and had dropped to 56 cents when the show ended and by 9 am Sunday the coin was selling at below 50 cents.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"but-why-elon-musk-talked-about-the-dogecoin-this-way\"><span class=\"ez-toc-section\" id=\"But_why_Elon_Musk_talked_about_the_Dogecoin_this_way\"><\/span>But why Elon Musk talked about the Dogecoin this way?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Dogecoin army was expecting Elon Musk to come with Shiba-Inus and something that meant business for the coin but things headed a different direction when he didn\u2019t show up with anything to support Dogecoin. The weekend was anticipated to be an eventful one since he first announced that he was host the show. But the previous week tweet <strong>\u201cCryptocurrency is promising but invest with caution\u201d<\/strong> was the first thing that brought the attention that it would truly be an eventful weekend.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"450\" height=\"300\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2021\/05\/anaki2405200800011.jpg\" alt=\"Dogecoin in a field\" class=\"wp-image-3748\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2021\/05\/anaki2405200800011.jpg 450w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2021\/05\/anaki2405200800011-300x200.jpg 300w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/figure><\/div>\n\n\n\n<p>Would it okay if Elon Musk came through supporting Dogecoin through the whole show? His company Tesla has adopted Bitcoin as a means of payment. He has been tweeting in support of Dogecoin and he is even a self-proclaimed CEO of Dogecoin but let us go back. <strong>Elon Musk has been sued for his tweets <\/strong>that moved the price of Bitcoin by over 20% when Tesla acquired Bitcoin worth $1.5 billion. If he ever tried to do anything on Saturday Night Live then that could probably move the prices of Dogecoin to massive numbers and that would have left him summoned by the SEC Monday morning to answer on facts and circumstances.&nbsp;<\/p>\n\n\n\n<p>To save his name from the SEC he had to play safe.<strong> He called Dogecoin \u201ca hustle\u201d <\/strong>people cannot still tell whether he was joking or serious but the consequences were felt in the price of the coin.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"look-at-it-this-way\"><span class=\"ez-toc-section\" id=\"Look_at_it_this_way%E2%80%A6\"><\/span>Look at it this way&#8230;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The coin has shed some price. That is the way cryptocurrencies works. It was time for speculations to take the path and it did very well on the Dogecoin. It was also a chance to remove some people from the market. Cryptocurrencies are not for the fainthearted am if they sold because the market was going the opposite direction then they should wait for others to reap the benefit of patience.&nbsp;<\/p>\n\n\n\n<p>But the Doge army is still up. The prices are still red. We have seen a Shiba-Inu on the moon (those memes about Elon Musk) it may be heading there. There has been a major increase in the price and analysts are saying that Dogecoin is aiming higher than where it is. Keep feeding the dog and hope for a rocket to the moon.<\/p>\n\n\n\n<p><a href=\"https:\/\/walloftraders.com\" target=\"_blank\" rel=\"noreferrer noopener\">Create your free Copy Trading account now<\/a>.<\/p>\n\n\n\n<div class=\"swp_social_panel swp_horizontal_panel swp_flat_fresh  swp_default_full_color swp_individual_full_color swp_other_full_color scale-100  scale-\" data-min-width=\"1100\" data-float-color=\"#ffffff\" data-float=\"none\" data-float-mobile=\"none\" data-transition=\"slide\" data-post-id=\"3746\" ><div class=\"nc_tweetContainer swp_share_button swp_twitter\" data-network=\"twitter\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/tweet?text=Elon+Musk+Dodging+through+the+Dogecoin+-+And+it+hurts&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-dodging-through-the-dogecoin%2F&via=WallOfTraders\" data-link=\"https:\/\/twitter.com\/intent\/tweet?text=Elon+Musk+Dodging+through+the+Dogecoin+-+And+it+hurts&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-dodging-through-the-dogecoin%2F&via=WallOfTraders\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_twitter_icon\"><\/i><span class=\"swp_share\">Tweet<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_facebook\" data-network=\"facebook\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-dodging-through-the-dogecoin%2F\" data-link=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-dodging-through-the-dogecoin%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_facebook_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_linkedin\" data-network=\"linkedin\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-dodging-through-the-dogecoin%2F\" data-link=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-dodging-through-the-dogecoin%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_linkedin_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_pinterest\" data-network=\"pinterest\"><a rel=\"nofollow noreferrer noopener\" class=\"nc_tweet swp_share_link noPop\" href=\"https:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Felon-musk-dodging-through-the-dogecoin%2F\" onClick=\"event.preventDefault(); 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And it hurts\">Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":3803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[194],"tags":[],"class_list":["post-3746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk Dodging through the Dogecoin - And it hurts<\/title>\n<meta name=\"description\" content=\"Elon Musk talked about the Dogecoin in the Saturday Night Live show. 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