{"id":288507,"date":"2021-07-01T15:53:12","date_gmt":"2021-07-01T12:53:12","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/elon-musks-latest-attempt-to-pump-dogecoin-fails-miserably\/"},"modified":"2021-07-01T15:53:12","modified_gmt":"2021-07-01T12:53:12","slug":"elon-musks-latest-attempt-to-pump-dogecoin-fails-miserably","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/elon-musks-latest-attempt-to-pump-dogecoin-fails-miserably\/","title":{"rendered":"# Elon Musk&#8217;s latest attempt to pump Dogecoin fails miserably"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3fa88676bf2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3fa88676bf2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/elon-musks-latest-attempt-to-pump-dogecoin-fails-miserably\/#Baby_Doge_booms_meanwhile\" >Baby Doge booms, meanwhile<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Elon Musk&#8217;s latest attempt to pump Dogecoin fails miserably <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Dogecoin (DOGE) prices surged but did not skyrocket after receiving another endorsement from Elon Musk on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> this Thursday morning.<\/p>\n<p>The billionaire entrepreneur published a tweet at around 0843 UTC\u2014a Godfather meme that showed Marlon Brando&#8217;s iconic character, Don Vito Corleone, with a text that read, &#8220;YOU COME TO ME AT RUNTIME TO TELL ME THE CODE YOU ARE RUNNING DOES NOT COMPILE.&#8221;<\/p>\n<p>Meanwhile, Musk captioned the tweet, writing &#8220;Release the Doge&#8221; with an exclamation mark.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Release the Doge! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/9bXCWQLIhu\">pic.twitter.com\/9bXCWQLIhu<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1410519466518233089?ref_src=twsrc%5Etfw\">July 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Seconds into the tweet, the DOGE\/USD exchange rate surged from $0.24 to $0.261\u2014about 8.42%. A sell-off followed suit, which took the pair as low as $0.247. Just then, at 0924 UTC, Musk tweeted another gibbering Dogecoin message, which read &#8220;Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Baby Doge, doo, doo, doo, doo, doo,<br \/>Baby Doge, doo, doo, doo, doo, doo,<br \/>Baby Doge, doo, doo, doo, doo, doo,<br \/>Baby Doge<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1410529698497630212?ref_src=twsrc%5Etfw\">July 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>DOGE\/USD rose 5.22% to 0.260 after the second tweet.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/c574dbe5-7744-4003-a003-4c64d96d62dd.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>DOGE price 1-minute candle chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>In the next couple of hours, DOGE\/USD attempted to reclaim the intraday high of $0.261 on Musk factor, but profit-takers kept offsetting their upside bias, as shown via the large minute-candle bullish wicks in the chart above.<\/p>\n<p>Nevertheless, Dogecoin was still down by almost 0.5% around the London noon session Thursday, hinting that Musk&#8217;s influence on the cryptocurrency market has been in decline. <\/p>\n<p>Earlier this year, the Tesla CEO&#8217;s whole-hearted endorsement of Dogecoin had caused massive retail-led price spikes, insomuch that the cryptocurrency&#8217;s market cap peaked at almost $100 billion in early May.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Even Elon tweeting about Doge doesn&#8217;t work anymore<\/p>\n<p>\u2014 Joe Weisenthal (@TheStalwart) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheStalwart\/status\/1410549888669073410?ref_src=twsrc%5Etfw\">July 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Meanwhile, the DOGE\/USD exchange rate surged to its record high of $0.76.<\/p>\n<p>The pair is now worth half of its value two months ago, primarily due to a significant crypto market correction that saw almost all the top-cap assets, including Bitcoin (BTC), Ether (ETH), and XRP, crashing by more than 50% as well. Altcoins such as Dogecoin typically trade in sync with Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">damn it.<\/p>\n<p>not even <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw\">@elonmusk<\/a> can pump doge anymore.<\/p>\n<p>we are all going to die poor are we. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/JBVbFx3oFD\">pic.twitter.com\/JBVbFx3oFD<\/a><\/p>\n<p>\u2014 NFTeddy (@TeddyCleps) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TeddyCleps\/status\/1410574423485263878?ref_src=twsrc%5Etfw\">July 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Baby_Doge_booms_meanwhile\"><\/span>Baby Doge booms, meanwhile<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While Dogecoin logged brief upside pumps, its copycat meme token, dubbed as Baby Doge, climbed sharply after Musk&#8217;s 0924 UTC tweet.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/4229b569-dfff-46f8-a89d-39deca2b2814.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Baby Doge&#8217;s price is too low to calculate<\/em><\/figcaption><\/figure>\n<p>Baby Doge was worth around $0.00000001 before Musk&#8217;s tweet but surged by more than 35% later. Nevertheless, the meme token&#8217;s value remained too low even for CoinMarketCap to calculate. Its market cap was also zero at press time.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/elon-musk-s-latest-attempt-to-pump-dogecoin-fails-miserably\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Elon Musk&#8217;s latest attempt to pump Dogecoin fails miserably &#8221; Dogecoin (DOGE) prices surged but did not skyrocket after receiving another endorsement from Elon Musk on Twitter this Thursday morning. The billionaire entrepreneur published a tweet at around 0843 UTC\u2014a Godfather meme that showed Marlon Brando&#8217;s iconic character, Don Vito Corleone, with a text&#8230;<\/p>\n","protected":false},"author":1,"featured_media":288508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvYjVhM2I3ZWItY2UxZS00YWY5LTk4MzMtOGU0YWM2OTcwY2I5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,75302,74937,86883,74939,75150,87877,73785],"class_list":["post-288507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-altcoins","tag-bitcoin-price","tag-dogecoin","tag-market-analysis","tag-market-update","tag-price-indexes","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/288507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=288507"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/288507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/288508"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=288507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=288507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=288507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}