What are the reasons behind Dogecoin's surge after the Elon Twitter deal?

3 answers

• Ritter NiebuhrOct 24, 2020 · 5 years ago
  Dogecoin experienced a surge in value after the Elon Twitter deal due to Elon Musk's influence, the power of online communities, and increased media attention. Elon Musk's tweets mentioning Dogecoin lead to increased interest and investment, creating a sense of legitimacy and credibility. The passionate Dogecoin community further fueled the surge by actively promoting the cryptocurrency. Additionally, the media coverage attracted new investors and traders, driving up demand and value.
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• Cowan KatzJun 07, 2023 · 2 years ago
  The surge in Dogecoin's value after the Elon Twitter deal is a result of the 'Elon Musk effect,' his endorsement providing credibility, and the active community of Dogecoin supporters.
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• mohammad baniasadJan 14, 2021 · 5 years ago
  The surge in Dogecoin's value after the Elon Twitter deal can be attributed to Elon Musk's influence, the added legitimacy from the deal, and the existing community of Dogecoin supporters.
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