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Elon Musk Failed To Pump DogeCoin Or Trying Pump Another Coin

Elon Musk Failed To Pump DogeCoin Or Trying Pump Another Coin 4

Today Elon Musk tried to pump DogeCoin through a weird tweet Baby Doge, doo, doo, doo, doo, doo, Baby Doge, but failed.

On 1 July a crypto influencer shared a picture on twitter. 

Release the Doge! pic.twitter.com/9bXCWQLIhu

— Elon Musk (@elonmusk) July 1, 2021

And then Elon Musk quoted the tweet and said ” Release the doge!”.

This was the first attempt of Elon Musk to pump DogeCoin coins today ( 1July). 

But this tweet didn’t get attention. 

Then Elon Musk again tweeted 

” Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge.”

Baby Doge, doo, doo, doo, doo, doo,Baby Doge, doo, doo, doo, doo, doo,Baby Doge, doo, doo, doo, doo, doo,Baby Doge

— Elon Musk (@elonmusk) July 1, 2021

Since this was something weird but probably most of the active traders who saw this tweet by Elon Musk, entered in short term trade of DogeCoin.

This tweet influenced the DogeCoin price by 8.41% approximately within a few minutes.

But through the Volume chart trade analysis, we can say these were those people who took the advantage of this tweet and went with their 5-6% profit instantly.

Elon Musk Have No More Influence Or Trying To Advertise Another Coin

The whole incident that happened today with DogeCoin indicating two things. 

First , the struggle of Elon Musk to pump DogeCoin failed. Which is a clear indication that Elon Musk has no much impact in this Cryptocurrency market like earlier.

There is a second thing, Elon Musk is trying to pump another coin “Baby DogeCoin”.

We can see clearly in the tweet of Elon Musk, there was Baby Doge , not Doge or DogeCoin.

And there is also a coin in the Cryptocurrency Market with the same name.

We can see at coinmarketcap  about Baby DogeCoin.

Today the price of DogeCoin surged by around 80% as we can see in the chart.

Currently the rank of Baby DogeCoin is 2526 and a big hump of pump we can see that took place today.

So with this assumption, many people said that Elon Musk is following the same path which was covered by McAfee.

Read also: Twitter CEO Jack Dorsey Continues Keeping Distance From Ethereum

Source: Elon Musk Failed To Pump DogeCoin Or Trying Pump Another Coin

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