Mainstream FOMO will return to the crypto market when $DOGE makes a new all-time high.
This is my new theory that I have been thinking about since… this morning.
Bitcoin has made a new all-time high and there is seemingly minimal mainstream interest. Anecdotally, I am not getting calls from old friends and family asking if they should buy bitcoin.
People seem to forget that the mainstream fervor last cycle came through dog coins, and NFTs.
There were three month long, waiting lists on exchanges just to sign up and buy Dogecoin. Those are the people who are waiting for their investments to come back to get excited about this market again, whether we like it or not (I don’t).
Do you think this theory makes sense?
