The Bizarre Case of Dogecoin
Dogecoin was created by its Founder back in 2014 as a joke.
It was a joke then. It's still a joke today.
Pump and dump schemes have kept it alive along with algo trading bots that take advantage of opportunity.
This week TikTok social network has jumped on the bandwagon with scamster videos projecting a price of $1 per 'stock' of DogeCoin.
That's a 20,000% increase from current prices. Is that possible?
Sure, this is crypto.
Doge went up some 60% within a day... and has since dropped off. Buy The Dip?
Is it sensible to buy in the hopes of DogeCoin going up more reliably than other actual cryptocurrency projects like Vechain, Cardano, Ripple, Chainlink, Ethereum, and so on? We think not.
Perhaps it's worth a punt? Sure, if you're a gambling guy or gal. Only if your flutter on DogeCoin represents a very, very minuscule percentage allocation of your overall crypto portfolio. $25. Sure. $2,500. Probably not.
The team at SparksterSignals can see the TikTok publicity for Doge as a good thing for crypto, despite the big losses that some people are likely to suffer as a consequence. A new audience will now start to learn about cryptocurrency, research real projects, and begin to take control of their financial future.
Welcome newbies. You're in the right place. Now get into the right coins.
And please note: THIS IS NOT FINANCIAL ADVICE :)
It was a joke then. It's still a joke today.
Pump and dump schemes have kept it alive along with algo trading bots that take advantage of opportunity.
This week TikTok social network has jumped on the bandwagon with scamster videos projecting a price of $1 per 'stock' of DogeCoin.
That's a 20,000% increase from current prices. Is that possible?
Sure, this is crypto.
Doge went up some 60% within a day... and has since dropped off. Buy The Dip?
Is it sensible to buy in the hopes of DogeCoin going up more reliably than other actual cryptocurrency projects like Vechain, Cardano, Ripple, Chainlink, Ethereum, and so on? We think not.
Perhaps it's worth a punt? Sure, if you're a gambling guy or gal. Only if your flutter on DogeCoin represents a very, very minuscule percentage allocation of your overall crypto portfolio. $25. Sure. $2,500. Probably not.
The team at SparksterSignals can see the TikTok publicity for Doge as a good thing for crypto, despite the big losses that some people are likely to suffer as a consequence. A new audience will now start to learn about cryptocurrency, research real projects, and begin to take control of their financial future.
Welcome newbies. You're in the right place. Now get into the right coins.
And please note: THIS IS NOT FINANCIAL ADVICE :)
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