Post
Topic
Board Altcoin Discussion
Re: Dogecoin (DOGE)
by
Bushdark
on 23/12/2023, 22:09:46 UTC
Is DOGE Coin's Rise a Sign of the Future of Cryptocurrencies, or a Fleeting Internet Meme Phenomenon?

In my personal opinion, Doge is still memecoin and just hype is not suitable for the long term. The future of cryptocurrencies is still held by Bitcoin in the long term because Bitcoin will attract people to invest in cryptocurrency.
This is one of the things many people need to understand about meme coins. I could remember then when the price of Shiba went bullish, many investors wa able to accumulate large holdings for a very long time. It got to a time when they have no options than to sell there holding because they can't keep waiting for the price to go up a little for them to make profits from the market. The market can swallow all our capital if we make the wrong decisions. Doge might go up very soon when the price of Bitcoin goes up.