Re: Investing in DogeCoin or Bakac Coin for the Uptrend season?
Bakac Coin? What is it, another memcoin? If it is a memcoin, it has the potential to once again lure the crowd into another shitcoin, if only the shitcoin starts to be written about en masse in various media outlets or on social media. Without that, another memcoin is of no use to anyone. Just remember how everyone was praising SHIB In 2021. Two years have passed and now no one remembers about SHIB, the price of the coin is not growing, but only treading on the ground or falling. This is a natural finale of such projects. They do not live long.
Bakac coin I think Is another memecoin have came across this forum by a user who said of someone investment and made fortune out of it about series of increase, which made him to sell immediately. Although I never delved into it to ascertain if actually such project is worth investing on as I believe after that pump there may be no serious invest since lots of people already cashed out with huge project.
But nevertheless, I wouldn't want any one to be overwhelmed with any altcoin out there as it has every possibility to dump at any time and, after this hype no one would ever remember them again as most meme's doesn't last for long periods of time and they easily failed away where no one would get to hear about them anymore.
If we take into account the chart that came to my attention, it looks more like a situation where they are trying to attract as many investors as possible in this shitcoin to actively buy it and provide liquidity for those who have already started to actively sell this token.
I have mentioned these situations before. When some coin starts to be actively talked about, there are 2 ways:
1. The coin does not grow at all and shillers are trying to attract some attention of hamsters to the coin to make money at their expense.
2. The coin has already grown and is preparing to sell, so on various forums and social networks shillers attract attention to the coin, so that as much as possible to buy it, providing a profit to those who bought earlier and ready to sell.