Market capitalization is very low for memecoin at the moment, the shiba discussed today is back down, no one can guarantee that meme coin will provide a high trend and selling price, even for now the price of shiba is still very low below the price of other coins that have similarity, for this year the shiba coin has not given a good selling value in the market, but for next year we have to wait for its movement at the end of this year.
this is a sure thing and now the people who are buzzing about and boasting of shiba are now out of sight after a pretty decent back down.
this is natural because meme coins like this only control the market with a scheme like this, fomo, hype and of course continuous pump and dump.
and yesterday was proof and now I'm pretty sure there must be some people who have lost their money as a result of buying at an already high price a few days ago.
The hype that continues to be developed for shiba and dogecoin will affect the beginner level in making purchases, but they don't know that the hype is starting to be packaged well, many people are starting to get stuck with the hype, so they buy two coins when the price goes up, even though the condition of the coin meme still doesn't have a stable level in the market for now, can't represent the situation that Dogecoin experienced yesterday on all existing coin memes, just a good chance that Dogecoin had at that time?
novices don't realize that they made a mistake by drifting into fomo and getting caught up in it.
this is where the importance of finding out a lot about information and asking a lot of people who have been in the business for a long time or just reading on forums like this.
because it will be very dangerous when they do not know how the system works here and only see coins that go up and are bought immediately even though the price is high, they can get caught in the dream of profit.
i don't understand by what you mean good opportunity to doge. because even now doge is still considered the same coin, namely meme coin and manipulation coin and I think even now doge even if things like this keep happening then the result will still be the same.
Knowledge is needed wherever we are, there is no term trying first, after that we just learn the knowledge we want to follow, this will be very dangerous for beginners, especially in terms of investing in the crypto world, there are many risks that arise in investments that do not have knowledge, related to Dogecoin, now is not the right time to buy it, because the hype of Dogecoin has ended at that time and according to my understanding Dogecoin is over for the future.