Last night, Twitter changed the webpage LOGO icon from a blue bird to a DOGE dog head. DOGE rose for a short time, breaking through 0.1 USDT, an increase of more than 23% in 24 hours.

The "blue bird" became a "yellow dog" overnight, which naturally brought great benefits to DOGE. As the "Godfather of Dogecoin", this is not Musk's first "shouting order".

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Dog named Twitter CEO

On February 15 this year, Musk posted on Twitter to "announce" that a cute Shiba Inu was appointed CEO of Twitter.

In the tweet, Musk praised "Twitter's new CEO is great." He posted several tweets in a row, "It's perfect for this job." "Much better than other guys!" "He's good with numbers and has the potential to be hot."

And netizens also found that the name "Floki" was written on the CEO's signature document in front of the dog table, and the three coins of Meme coin FLOKI, Shiba Inu SHIB, and Dog Dog DOGE all rose.

At 3:17 a.m. on February 15, Musk tweeted.

Within an hour after the tweet was released, DOGE rose by about 6.3% in a short period of time, reaching a peak of 0.0827. After a brief pullback, DOGE continues to rise,

It is even more obvious from the 4-hour K-line. After the Twitter release, DOGE’s rally continued for 11 K-lines. Nearly two days after the tweet was released, DOGE reached the highest point of this round of rise of 0.00925, with a cumulative increase of about 11.18%.

After the DOGE rally ended, within a few hours, it lost nearly half of its gains, and DOGE fell back to around 0.085. March 22,That is, about 8 days after the start of this round of rise, DOGE returned to a position near the start of the rise.

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More products support Dogecoin payment

On June 18, 2022, Musk tweeted that Tesla and SpaceX merchandise "maybe more will support Dogecoin."

Prior to this, DOGE had just experienced a decline of about 10 days. Interestingly, this call for DOGE did not increase quickly.

The next day (June 19), Musk continued to “call out orders”. He tweeted: "I will continue to support Dogecoin."

Finally, this call for orders was a success. After Musk tweeted the order, Dogecoin immediately rose.

Judging from the market trend, this rally lasted for a long time.After Twitter was released, it created a 7.7% increase within 4 hours. After that, DOGE’s rally continued for 49 4-hour K-lines and lasted for 8 days. The highest increase reached 49.27%. Since then, a K-line has fallen by 6.2%, and this round of rise has ended.

The first "order call": call order failed.

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"It has the potential to be a currency."

On May 13, 2022, Musk tweeted and praised Dogecoin for its potential to become a currency.

Before that, DOGE was falling continuously. Not long after the fall, Musk posted this tweet.DOGE quickly rose by more than 20% within the two K-lines, and finally reached the peak of this rise on the fourth K-line, with an increase of about 24%.

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buy twitter

On April 14, 2022, Musk proposed to buy Twitter for $43 billion. However, after the announcement of this news, we did not see a significant increase in the price of DOGE.

On April 25, Musk announced that he would acquire Twitter at a cash price of $54.2 per share (a total of $44 billion). After the transaction closes, Twitter will become a privately held company.

After the acquisition was basically clear, crypto investors immediately linked Twitter and DOGE.

DOGE rose rapidly in a short period of time, and reached its peak after 3 K-lines, with an increase of 38.88%.

However, after 16 hours of sideways trading, DOGE fell by more than 12% within 12 hours, and then the current round of market ended, and DOGE continued to fluctuate downward.

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blue jay turned yellow dog

Looking back at previous "Musk Effects", it is not difficult to find that DOGE will quickly hit the peak of a round of gains in the short-term stimulation of the news. In the recent previous rises, the longest rally lasted for 8 days, and the shortest was less than one day. However, after missing the first-time rise, the rally lasted for a short period of time, making it difficult to intervene in the middle to achieve profitability.

If you follow the "call order" investment, uncertainty can easily lead to losses.

In the last round of the bull market, Musk’s behavior of shouting orders has also aroused heated discussions and criticisms from countless investors. If it is in the traditional financial market, his behavior may have constituted market manipulation.

Odaily reminds readers to DYOR, raise risk awareness, and never FOMO.