Post
Topic
Board Altcoin Discussion
Re: Dogecoin Foundation Officially Relaunches
by
Chuky92
on 23/08/2021, 06:52:12 UTC
I saw some news today that the Dogecoin Foundation is officially coming back after several years of silence. The foundation is set to support core developers and projects benefiting the meme-inspired cryptocurrency DOGE.

I think this is a good news and a good sign for the Doge to rise up again, what are your thoughts about this news guys? buy or wait again?.



They always say a very good news is capable of pumping a coin or even the entire market and a bad news is capable of dumping a coin or entire market. After years of neglect and the foundation is finally coming back to map out ways for more development of Dogecoin, then to me it is a good news and as they start working and their works turns out to be quite good, then the price will grow even more. But there is a  twist here or rather the reason why it's good to be mindful of your investments and that is, in as much as they are going to work to develop more on Dogecoin, if what they offer after a long time is not encouraging or attractive massive dump might take place. Also, bearing in mind that a lot of other Meme coin might have built one thing or the other, if Dogecoin foundation ends up not being better, it will also be bad.
Therefore in as much one can buy as a result of what they will offer, he should also monitor the market to watch out how it goes unless the person is a long term holder.