It’s just heartbreaking. And this once again shines a light on the ability of crypto investors to love being plucked like pigeons. Or more precisely to try to make money without ever worrying about the way or the consequences on the cryptocurrency ecosystem. With the headline of this nonsense, billionaire Elon Musk having fun where others lose money.
And its main weapon of mass manipulation is the historic shitcoin known as Dogecoin (DOGE). A joke that definitely stopped being funny the day he looked at it to make it his digital toy, like a cat getting excited on a dying mouse. The problem ? A horde of investors in ambush awaits the slightest sign – even fantasized – from him with hopes of fortune in their eyes.
Twitter – An April Dogecoin?
Since billionaire Elon Musk bought Twitter, one thing has become clear to its users: it’s getting worse and worse. With an almost unusable interface with repetitive bugs and a blue tick supposed to guarantee the identity whose obtaining now only requires writing a check to the company. And while this social network seems to be sinking, the only real remarkable initiative is the change of its logo for that of Dogecoin. No comment…
A modification made without notice and without any real apparent reason. But the consequence of which was immediate, with another unlikely increase in the DOGE of almost 30% in 24 hours. Because the price of this cryptocurrency has stealthily gone back above $0.10 for the first time since last December. That is a drop of -85% since its historic high (ATH) in May 2021 at the gates of $0.70.
A rise triggered even before Elon Musk made a single comment on the subject. And whose main supposed analysis on the subject comes from the Twitter account windows 98 Tech Support. This about what could ultimately be ” an april fool’s joke that took 3 days to deploy because no one knows how the site works anymore. “Quite likely…
Dogecoin logo on Twitter – “As promised”
And as usual, Elon Musk finally broke his silence by offering an explanation worthy of a playground. Because this change of logo almost coordinated with the date of April 1 would ultimately be the result of a simple contest of… tweets. This following a discussion with an account named Chairman offering him, before the takeover of Twitter, to carry out this operation to then “change the logo in the shape of a bird to that of the DOGE. » End of the necessary fundamentals behind this rise…
It all boils down to, again, a simple joke in dubious taste. With, no doubt, new investors whose wealth objective will quickly come up against the meaninglessness of this cryptocurrency, confirmed between each Elon Musk escapade on the subject. And a very simple reminder to their attention: even manipulated by one of the richest men in the world, Dogecoin remains an interest-free shitcoin that will boil down to large losses for the vast majority of its investors. On good terms…
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