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/biz/ - Business & Finance

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28058123 No.28058123 [Reply] [Original]

What if Elon Musk pumped 180 billion dollars into the dogecoin market because he thinks its funny. Wouldn't that mean that doge would go up to 1$? Or do I not understand how marketcaps work?

Also around 50% of all the doge coins are stored in 20 wallets. Call me a schizo all you want, but what if this is just the biggesg PnD rugpull scam ever?

>> No.28058251

>>28058123
They would just pump out more doge coins and the value would decrease, there is no cap on doge coins.

>> No.28059541

>>28058123
I think youre right but i dont really know. I just bought because of funny yellow dog

>> No.28059656

>>28058251
That's not how doge works. They are mined at a steady rate.

>> No.28059985
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28059985

>> Check out HOGE it is the DEFI doge

Pays you to hold
Deflationary
Locked liquidity
Released today
1% burned every swap
1% distributed to holders

>> No.28061505

>>28058123
Elon musk doesn't have $180 billion in liquid cash. His wealth is tied up in assets such as Tesla. How retarded are you?

>> No.28061529

>>28059656
lel, don't listen to this shill, you're just getting elon rich.