Today I saw the price of DOGE very high on the Binance exchange, I immediately sold all the DOGE that I have. After I found out why the DOGE price hike was due to tweets from WSB Chairman and Elon Musk. I wonder. Why do famous people's tweets have such an effect on the price of an asset?
I guess it could be that we are still in the cryptocurrency bull run, it would be difficult to reach up to 1$ since it would need around 128 billion$ market cap.
Be careful trading the DOGE coin in the market as it could easily liquidate your funds, I already see some people that lose up to 10,000$ in futures trading because of risking it and believing in this DOGE pump.
Everyone already sees it as a short-term investment only, or maybe wait for the lowest price possible again and then reinvest. I would trust another project like ADA, DOT, ETH than this meme coin. But still, we can't deny that the pump could easily make a huge profit.
This is indeed the biggest pump in doge coins. I don't believe in Doge coins, let alone invest. I use doge to play dice and reward someone who wants to use my referrals. I never thought to invest and sell it. But the moment the dogecoin gets high, I have to take the opportunity to sell it and buy it back when the price has collapsed. After that, I will keep using it as a reward and playing dice.