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$1 DOGE Bet of This Influencer Fails, Now He Might Delete His Account

Fri, 12/30/2022 - 15:47
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Yuri Molchan
This major Dogecoin blogger bet on meme coin to reach $1 by end of this year, but he was wrong
$1 DOGE Bet of This Influencer Fails, Now He Might Delete His Account
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The user behind the @dogeofficialceo account has posted a tweet, in which he reminded the Dogecoin army that the person whom he called "influencer" Matt Wallace, a popular blogger on Twitter and YouTube, earlier this year made a serious bet on DOGE but failed.

To remove or not to remove YouTube channel – that is the question

In mid-June, he stated that his confidence in the original meme coin was so high that he promised to delete his channel on YouTube with 242,000 subscribers if a price surge does not take place.

Today is Dec. 30, @dogeofficialceo reminded his audience, and Dogecoin is trading at $0.06707, dropping by nearly 13% over the past seven days and 6% in the past 24 hours.

The question now is whether Matt Wallace will indeed remove his channel on YouTube or if he made that brave announcement just for the sake of publicity, the DOGE fan tweeted.

DOGE 90% below all-time high

Since reaching the historic peak of $0.7376 in early May last year, Dogecoin has managed to drop slightly more than 90% below that all-time high.

Maybe the thing here is that the abovementioned all-time high, as well as the majority of DOGE price surges after that, were reached thanks to its biggest and most influential (as well as richest) DOGE fan, Elon Musk. Prior to the meme coin hitting the ATH, he called himself "The Dogefather" on Twitter and then went on to debut on SNL, where he shilled Dogecoin to millions of viewers.

After that, in the majority of cases when Musk mentioned DOGE and predicted a bright future for it (such as calling it "the currency for people" or promising to take it "to the actual moon") made DOGE jump slightly.

48% of Dogecoin (DOGE) Supply Under Influence of 10 Addresses

Musk fueling DOGE rise all the way up

Then Tesla added Dogecoin as a payment option to its merchandise store, first as an experiment, then on a regular basis. SpaceX and The Boring Company founded and run by Musk followed Tesla's example.

These events also allowed DOGE to rise in price. However, Musk's mentions of the meme coin that followed did not have any particular impact on the price, and DOGE's jumps up the chart were pretty short-lived.

But then Musk did something that reinstated his influence, so to speak, over the coin's price; he announced that he wants to buy Twitter in the summer of this year. This caused a high wave of interest and hope in the DOGE army as Musk previously and many times mentioned that Twitter should make Dogecoin one of its payment (or tipping) options, and that content makers should be rewarded by users, and that could easily be done with the help of Dogecoin.

Now that Elon owns Twitter, the DOGE community is happy and looks forward to its dream coming true, waiting for Musk to integrate Dogecoin on this social network, although it remains to be seen whether he will do it eventually.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at