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Have you ever seen such an amount of Volumes on Coinmarketcap for the DOGECOIN ?
What lessons can we retrieve from Dogecoin ?
During the SNL of Eleon Musk, as expexected, MISTER MUSK said that DOGECOIN hype is hustle.
Did he buy DOGECOIN before ? or not ?
That is the question.
Moreover you have Barry Silbert, Grayscale, who has heavily insisted on twitter that he was short on DOGECOIN.
Imagine if a GameStop paradigm would have repeated on DOGECOIN .. what it would mean for GRAYSCALE ?
They could have been liquidated, purely and simply.
Of course, that was expected to see the price sharply drop.
And yes, the Drop is HUGE now.
I highly respect Mister ELON MUSK. And at the same time, his speeches in Social Medias, are really hyping.
He could have said that DOGECOIN Hype is hustle much before.
He waited until Now.
In my view, even if i deeply respect him, that sounds like a manipulation of Market and even Grayscale plays that game.
Honestly, I think it does not help the crypto space to be considered seriously by institutions.
So take care my friends.
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