Categories: Analysis

Elon Musk failed again when attempting to “pump” DOGE – resuscitation or end for Shiba dog?

It seemed that Dogecoin (DOGE) would “break through” again as usual after the well-known posts by Elon Musk. But before the latest action by the Tesla boss, things did not go well.

Elon Musk failed again when attempting to “pump” DOGE – resuscitation or end for Shiba dog?

In particular, on July 1, Elon Musk posted the iconic image of Godfather Don Vito Corleone belongs to the classic of the same name with hidden information attached to the picture.

Song, the picture Godfather mentioned, may be related to his relationship with DOGE. Elon Musk used to call himself The Doge Father on Saturday evening live in May.

See more: What did Elon “The Dogefather” Musk say on Saturday Night Live that caused DOGE prices to drop 30%?

You come to me during the project execution and ask for help to let me know that the code you are working on is not working.

In order to “understand” the meaning that Elon Musk gives, we will go into more detail on the levels of meaning in the information in the picture.

  • When programmers create software programs, they first write the program in source code, written in a specific programming language. In order for the code to be recognized by the computer’s CPU, it must be converted from the source code (a higher language) to a machine code (a lower language). This process is called Compile. In other words, Compilation error is an error that occurs before the source code actually runs.
  • running time is when the program is running. Runtime error also execution errors, that is, errors that occur when executing the source code, that is, errors that Compiler difficult to see.
  • It is concluded that normally running time and Compile time mentioned when it comes to errors. Error running time ie errors only during execution, ie logic errors. Error Compile time is an immediate error, that is, a syntax error.

It seems that given the facts, the DOGE developers have a real problem. At the same time we can see Elon Musk referring to himself as the person behind the “Supreme” of DOGE.

This further illustrates his “ambiguous” relationship with the project development team since the “tease” to begin development of the DOGE network in May with the confirmation in the post above.

Let’s release DOGE!

See more: Elon Musk has been working with DOGE developers since 2019 – scam or truth behind the scenes?

DOGE rose slightly from $ 0.24 to $ 0.26 in seconds thanks to Elon Musk’s actions. As if that wasn’t enough, just an hour later, Musk released the next “product”. This time it’s the lyrics of the famous nursery rhyme Baby Shark, but it has been changed to Baby Doge.

Unfortunately, DOGE’s attempt to break the $ 0.26 intraday high was unsuccessful after Musk’s second tweet, and DOGE even fell back to the original July 1st trading session at $ 0.24.

DOGE / USDT price chart. Source: TradingView

It should be noted that DOGECOIN has now lost more than 70 billion US dollars in capital from a harmless joke to a billion-dollar project. The reaction suggested that Musk’s influence in the crypto market in general, and DOGE in particular, may be waning.

DOGE is on alert – maybe Elon Musk just can’t save DOGE?

An interesting point that is another coin meme Baby Doge Coin (BABYDOGE) up more than 56% as the token name coincided with Musk’s “song”. The value of BABYDOG still too low. The market capitalization of this token is also unknown at the time of writing.

BABYDOGE / USD price chart. Source: CoinGecko

Synthetic

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