Post
Topic
Board Speculation (Altcoins)
Re: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run?
by
Starkick
on 24/05/2022, 10:07:51 UTC
It's very unlikely for Doge to see another bull wave, in my opinion.
People are now desensitised to the erratic movements of the markets and are unlikely to buy into any further hype when it comes to memecoins that have no utility.
Besides, the macroeconomic conditions would suggest that we will have a long 2022 due to tightening interest rates worldwide. Crypto does not respond favourably to these macro conditions, so that is definitely something to consider. BTC should hold up nicely though since it is considered to be a reserve asset and a form of storage of value in these very volatile times.
Bitcoin is the last coin I will worry about as it already proved several times that it can move really wide and a great fall is followed by a great rise. Other coins usually follow its movement. Now I watch after Crypton privacy coin from Utopia p2p. It was listed on the Hotbit exchange https://twitter.com/Hotbit_news/status/1527122277711564801 Looks like it only improves day by day.
Indeed, it looks very cool. The fact that the coin continues to be added to new exchanges shows an increase in its popularity, as well as an increase in the level of trust in it.