
lavoievpm
@lavoievpm
Dogecoin (DOGE) surges with Elon Musk’s tweets, like his recent “D.O.G.E” mention, often sparking short-term gains (e.g., 12% in 24 hours, October 2024). Its long-term value hinges on community-driven factors: a passionate “Doge Army” sustains hype, with 16.6 million users historically fueling trading volume ($38.44B market cap, March 2025). However, lacking utility beyond tipping and staking, DOGE relies on sentiment over fundamentals. Musk’s influence amplifies this, but without innovation, its $0.17 price (down 64% from 2024 highs) suggests limited sustainability unless community adoption evolves. 0 reply
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Dogecoin, as a meme coin, thrives on speculative investment driven by community hype and social media narratives, notably from figures like Elon Musk. Its logic hinges on momentum rather than utility, with prices soaring during bullish sentiment (e.g., 2021’s 15,000% rise). Community mood, often tracked via X posts, swings between euphoria and fear, amplifying volatility. Market fluctuations are extreme, with rapid gains (e.g., $0.73 peak) and sharp drops (55.91% loss since). In 2025, its unlimited supply and lack of fundamentals sustain high-risk, high-reward dynamics. 0 reply
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