Elon Musk's tweets have a history of creating FOMO (Fear of Missing Out), leading to quick price surges. Expect an initial price surge as news about Musk's White House project spreads.
With Musk's immense influence on Dogecoin through his tweets and public statements, any buzz on social media regarding the $DOGE project could directly impact its price. Traders are advised to stay alert to updates on platforms like Twitter, where Musk frequently shares his thoughts and announcements that drive market sentiment.
Proactive traders who react quickly to these updates may gain an advantage in the short-term price movements. Musk's tweets are known to create FOMO (Fear of Missing Out), leading to rapid price surges.
For instance, in April 2021, Musk's single tweet about Dogecoin being "the people's crypto" sparked a massive buying frenzy, driving DOGE's price up by over 200% in a day. Such updates can provide quick opportunities for traders to capitalize on the hype.
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