One thing Im really afraid about DOGE if I will buy is the possible dump Im not yet convinced with usecase of this meme coin can you tell me what is the use of doge for now? Still its a meme coin for pump and dump for me.
Replace "DOGE" with any other coin name in your sentance, read it again and let me know what you think
That's it majority of the coins have same functionality like DOGE and has no use case in real life but for speculation looking good. It's a big surprise for me Elon officially turned into a crypto pumper and making a lot of bag holders who will remember for this for long time when the hype will be over
Actually, we don't see any use case for the Dogecoin, only based on the predictions made by the whales makes the Dogecoin increase its price. Once the hype is surely the price of Doge will drop will quickly and most of the people will lose their money who bought it at a high price.
A lot of whales bought a lot of doges below the 50sat and they can start dumping this any moment.
I wouldn't step into doge right now. Just let the market calm down and see where it stands in a few weeks. It might be back around the 50sat or even lower.