Dogecoin has just been shocking the cryptocurrency community with a tremendous increase in a short period of time. Previously who would be thinking the price of Dogecoin would reach $0.55 (the price at the time of writing this post). Dogecoin transform is amazing, of the coin left by trader Becomes coin that are taken into account in the crypto market. Surprise like this always graces the cryptocurrency market, but we will never know which coin the surprise comes from.
only liars and morons could be shocked by the movements in doge. everyone else sees it for what it is: a pump.
I have problem that crypto influencer Elon put his all attention on Doge. So, other alt affected as people shift into dogecoin. For short term put everything in the doge. I don't mean to be like rude but like dogecoin does what it is. It is not a long term investment. Make your money and get out. A lot of people want to dump at $1 so consider the fact.
Sure but that is how it works in all markets. At some point though we will see it is going to end up like a zero sum game. Look if you are bloody sure that a coin is going to pump rationally it would be wise to join the pump. The issue with DOGE is that it could lose 60 or 70 % of its value. If it starts dropping heavily I don't see buying support as quickly as it would for BTC. DOGE could certainly end up in a free fall.