Greetings to all my dear readers and followers of this valuable community, continuing with my publications today I will share with you how again Elon Musk manipulates the market just by tweeting about the cryptocurrency that wants its value to go up or down, I know that many still do not consider this as something real but it is very true, the economic power of this millionaire can change the course of the cryptocurrency market.
Months ago Elon Musk made positive comments about Dogecoin and the reaction of this cryptocurrency then rose its value motivated to the twitter posted on his account, similarly the Bitcoin had a drop in value once the billionaire said through the same social network that his company Telsa would not receive the BTC as a means of payment. This is how this powerful tycoon, just by commenting something either positive or negative about a cryptocurrency, immediately reacts to the rise or fall.
I know that at the present time there are users who think that this is not true, much less that a single person can manipulate the market just by tweeting, because again Elon Musk did it again and this January 15 the value of the DOJO token increased its value by 500% with just Elon wrote on his twitter account DOJO, the price of this token before the publication was 0.000000011 cents and half an hour after the publication of Elon Musk this was located at 0.00000049 cents. It is not really known what was the reason for Elon Musk to publish that, but for sure he had to have made some millionaire investment to profit from it.
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This DOJO cryptocurrency last year broke its historical maximum when its value reached 0.000037 cents, but after that it has lost its value up to 99% and yesterday just by Elon Musk writing on his Twitter network DOJO immediately increased its value by 500%. Although its value is not so representative in the market by investing a multi-million dollar sum in this token makes it possible to generate a significant profit and that is what many analysts think Elon Musk is doing.
Undoubtedly the main feature of the cryptocurrency market is the decentralization it has, but for many this decentralization is not total because it cannot be that a single person can be able to vary the price of a cryptocurrency as does the CEO and owner of Telsa Elon Musk. The truth of the matter is that the economic power that a person like Elon Musk possesses can do many things, even manipulate a market.
Greetings friend @carlir, there are people who manage to influence in a masterful way in the minds of people, this gentleman is one of them, with many followers who usually do the things that he raises, when we talk about blockchain ends up happening largely what he says, as many people and large investors in the industry follow him.
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Hi dear friend @carlir
I think elon musk is the most important influencer in the world, he got people to invest in DOGE and he seems to like playing that game, I bet he buys the coin before tweeting
god bless you
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