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

1 answers

• Dec 28, 2021 · 3 years ago
  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.
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