Twitter’s logo changed from a little blue bird to a big yellow dog, and Dogecoin instantly rose from 0.076 to 0.1, an increase of more than 31%.
The last time Dogecoin was most eye-catching was in April 2021, when Musk called for the first time. Dogecoin was not well-known at that time. It rose from 0.05 to a historical high of 0.73, an increase of 13.6 times. .
At that time, many old players in the group pledged to mine and obtained a large amount of Dogecoins. They gave millions of Dogecoins to friends as soon as they were sold. After the increase, they really regretted it. There were also many who forgot the Dogecoin wallet mnemonic, and Return to zero directly.
Now the effect of Musk's order call is not as strong as the first time, with an increase of only 31%; the market is more rational about celebrities bringing goods, and after crying wolf many times, not many people follow up.
Since Musk acquired Twitter last year, Twitter has also made a lot of moves and has been promoting the payment and economic model of the platform; I don’t know whether Twitter will use Dogecoin for rewards in the future, or use Dogecoin as a push button. If tokens are circulated on a special platform, the usage scenarios will increase a lot.
After being bound to Musk, Dogecoin has been a topic of constant discussion, and there is a hot topic of "to the moon" from time to time. Perhaps it is also expected to use DOGE to buy Tesla in the future?
In the crypto market, who knows where the next rotation will be? Some data analysis indicates that a certain hot spot may rise or fall, but it is only a prediction and cannot be falsified. The highly volatile crypto market is too difficult to predict.
Take Dogecoin for example. If it never fluctuates, no one would dare to say it is the number one meme. Only after every ups and downs will someone discuss it again.
If you buy after a hot spot, you will be trapped, and you will have to either cut the stock midway or wait until the next opportunity.
Think about it, there will be a lot of people entering Dogecoin at 0.7 in 2021, right? Even if it has risen to 0.1 now, it has dropped 85% since then. The timing of entry is really important.
Either you regret to leave the game midway, or you hang on and wait for the next opportunity, but it is not easy to seize the opportunity.
A friend entered the market in 2017. At that time, he bought EOS and ETH with 40,000 yuan, but then the price went down badly.
The bull market is back in 2021. Seeing that ETH has finally recovered its capital, I quickly sold ETH and waited for EOS to recover its capital before selling.
Unexpectedly, the ETH sold rose directly from US$800 to a historical high of 48k; while EOS did not rise to the cost and then fell back. It was really a big deal.
Most of the people who leave the crypto market with a good harvest are those who choose the right direction, seize opportunities, and work hard quietly.
Those who are free to spot stocks have seized the opportunity at the early lows, can still hold on to it, and come back to baptize it over time; those who are free to play airdrops have silently enjoyed one interaction after another, and will not give up even when no one cares. ;
Even those who are willing to be free will stop in time after 100 times and leave the market in a low-key manner; those who make 10 million in the contract market by luck will eventually lose it all based on their strength.
The crypto market may be the place with the most opportunities, but luck only favors those who are prepared.
Getting rich overnight in the market is only possible after early precipitation and accumulation. It’s impossible to just explode overnight if you don’t invest in anything.
The above is just my personal opinion, no investment advice. I am Chuxiaolian, and I am paying attention to the metaverse and web3.