Continue to fill in the pits and answer questions from fans - DOGE
DOGE is our old friend. As the ancestor of the MEME coin, with a current market value of 10.9 billion, coupled with Musk’s continuous hype, everyone seems to know the big dog, whether they are newcomers to the circle or people outside the circle. Token.
As the earliest MEME coin, DOGE has created a lot of wealth myths. It is estimated that there are a lot of them circulating in the market now. Many new people enter the market to buy spot. Those with more funds buy Bitcoin, Ethereum, buy some DOEG, and those with less funds buy others. A copycat, but I will definitely buy DOGE, why? Famous, many people think that if this token is famous, it will definitely make money. And I also want to use DOGE to create a myth of wealth creation.
But is this idea realistic? It doesn't seem realistic.
DOGE itself is a MEME coin. This type of tokens are all about copying emotions and expectations. As the earliest MEME coin, DOGE has also attracted the support of a group of die-hard fans. Coupled with Musk's blessing, there are many fans, which also makes this token The market value of the currency reached 10.9 billion.
However, the old currency does not have a better narrative. Although the community is constantly working to transfer DOGE from MEME to a practical application token, for the current DOGE, it is a drop in the bucket. It can go up, but it’s not realistic to go up several times, at least in the current market environment. An increase would be too capital intensive.
And every time this token flips, it attracts a large number of people to enter the market, and each wave will lock in some retail investors. According to the chip pressure, there are no one knows how many chips are waiting to leave the market. So judging from the current market activity, if you want to make more profit margins, you have to ask the big brother holding the chips if he is happy. Also ask the big brother on the sidelines if he is willing to rush in to support you in arbitraging and exiting.
However, this token has the advantage that it is stable and stays at the bottom all year round. It cannot rise too much or fall too much, so if you open a position at the right point, it is not a problem to take advantage of the swing. But if you want to make several times the profit, it is a bit difficult. At least not at the moment. Maybe when the bull market really comes, at the peak of the bull market, Musk comes out to speak out, or the community makes major moves to benefit it, then it may attract more people's funds to come in. After all, this project has fans abroad. Still a huge amount.
Generally speaking, although DOGE is the originator of MEME currency, it has gradually separated from the category of MEME currency and has a good consensus. However, the shortcomings are still obvious. There are less actual construction and applications, and more chips are locked up. It may be necessary to Only bigger actions can activate it and lead to higher profit margins.
For those who do not pursue high gains, you can choose a good point to open a position. It is at least a little more stable, but it is too stable and may not move for several months or half a year. If you choose a bad position to open a position, you may be punished for a long period of time. .
As for the bull market really coming, there is no need to say, there will definitely be some hype. However, it is still a bit difficult to double the market value of this size, unless Musk is calling for orders.
