With today's position for DOGE, we can see a similar thing to back in 2021, when DOGE went in 3 months from $0.09 to $0.75 for DOGE from February 2021 to May 2021.
Today's position was DOGE's position back then that led in 90 days to its highest record value ever so far up to now. Of course, since then it has plunged from that value along with the rest of most all the other "altcoins" that exist that are tied seemingly inexorably to BTC and which have plunged from their previous high values back when Bitcoin was at its highest.
In 2021, the people who were paying attention back then had never seen it rise up to much more than a nickel's worth, and that valuation had only just recently happened, whereas before it had been trading sub-$0.01 for the longest time, and had only recently come up above that key value of a penny.
Anybody who acquired and kept Dogecoin back when it was only fractions of a cent's worth in value are today rewarded with many more times their original put-in dollar's worth of coin. Anybody who today acquires DOGE even while it is in this ~6c-9c range will be handsomely rewarded should they happen to have it in their wallet when it reaches and surpasses the 75c range again in what appears to be the very near future.
There is a strong inclination for a sudden and severe drop, with a series of increasingly bigger drops, immediately before the eventual tidal wave of momentum takes over and elevates the prices of cryptocurrency to an as-of-yet-seen new astronomically high level.
There is the ever-present risk that all of these cryptocurrencies will vanish suddenly and it is wise to put money in only that you can afford to lose without much pain or sadness. This is a very likely happening in the future, and when it does happen, people will see major consequences of relying on cryptocurrencies the way society appears to be turning towards doing. There is going to be good that comes from that day when crypto is no longer accessible, much good that should be ushered in heartily, but there is anguish which people will be suffering, whose dreams and hopes and love and mental well being are wrapped up in the thoughts of the time spent acquiring wealth that has suddenly vanished. This is a very real and ever-present risk which I hope to always remember to warn people about in any proximity to a conversation where I'm telling people about trading with cryptocurrencies.
God causes everything to work together for good for those who love Him and are called according to His purposes. Let's be found with our hope in Him. Let's be found with our faith in Him, and let's be found faithful. Let's be found with our love in Him, and let's be found loving. Let's tell others about our hope that we have in Jesus Christ, which cannot be exchanged or traded or lost or stolen or bought or sold because we are covered under the blood of the Lamb which cleanses us from all of our sins.
24 For we are saved by hope: but hope that is seen is not hope: for what a man seeth, why doth he yet hope for?
25 But if we hope for that we see not, then do we with patience wait for it.
26 Likewise the Spirit also helpeth our infirmities: for we know not what we should pray for as we ought: but the Spirit itself maketh intercession for us with groanings which cannot be uttered.
27 And he that searcheth the hearts knoweth what is the mind of the Spirit, because he maketh intercession for the saints according to the will of God.
28 And we know that all things work together for good to them that love God, to them who are the called according to his purpose.
29 For whom he did foreknow, he also did predestinate to be conformed to the image of his Son, that he might be the firstborn among many brethren.
30 Moreover whom he did predestinate, them he also called: and whom he called, them he also justified: and whom he justified, them he also glorified.
31 What shall we then say to these things? If God be for us, who can be against us?
32 He that spared not his own Son, but delivered him up for us all, how shall he not with him also freely give us all things?
33 Who shall lay any thing to the charge of God's elect? It is God that justifieth.
Romans 8.24-33
Some things I have observed about DOGE:
It sort of closely predicts what BTC does, because it is traded by autonomous bots, and it is much more heavily influenced by a few strong/big/well-funded bots, and these bots have been programmed to buy and sell both BTC and DOGE together, so that whatever BTC is doing, this synchronized mass-buying/selling action causes DOGE to follow, and to "follow" by attempting to somewhat preempt what BTC is going to do, so much so that it often seems like it is doing the exact opposite of what BTC is doing, during the majority of its trading activity, but if you pay attention, DOGE actually, in general, foreshadows what BTC is going to do by a few seconds to about 30-40 seconds, depending on the day and hour.
So if BTC looks like it is going to go up, DOGE goes up. If BTC looks like it is going to go down, DOGE goes down. In general. There are also bots out there that are programmed to react to this expected behaviour, and when they are running strong, they cause some counter-balanced actions that help round out the predictability in the patterns in the charts, as the values ebb and flow up and down in the waves of predictable volatility brought on by these programmed sessions of autonomous purchasing and selling.
Most "bigger" coins nowadays are traded autonomously in this way, but DOGE is a special coin, for many apparent and some not obvious reasons. DOGE and SHIB are the two coins that I primarily trade in from day to day, because they are more predictably volatile than most any other coin that I have found that also has a great backstory and a probable future.
There are plenty of other coins out there that people are finding profitable, but DOGE and SHIB are the two that work for me.
SHIB is kind of the same thing to DOGE, which DOGE is to BTC, in the prediction realm, but it has a few key and profoundly noticeable differences. Instead of being always the foreshadowing coin, SHIB will usually seem to only reluctantly follow and sometimes lead with the same predictable fluctuations that DOGE will have. In other words, SHIB usually slowly follows whatever overall direction DOGE is appearing to take, and sometimes jumps ahead a little and goes in what direction it appears DOGE will take in the near future, but usually SHIB changes slower than DOGE. This applies to most trading sessions that I have been observing this year, and I would classify them mostly as somewhere just above the doldrums for most days, regarding levels of volatile activity, but with some excited activity on some days.
On days when there is more activity than others, SHIB somewhat transforms more from a calm, quiet thing to something that changes more frequently and with greater swings in value, and with a greater lead time and greater frequency of how often it leads the direction and momentum of other coins.
I don't usually trade in BTC, unless someone wants a payment or only trades in BTC, but I pay particular attention to what it is doing, because whatever bots are trading SHIB and DOGE are also paying attention to what BTC is doing, and are responding accordingly, and by paying close attention to these three coins together, I have a sort of triangle of influence to watch and see how this corner of the market interacts with each other. These three are sufficiently huge enough that they are carrying their own predictable momentum and have their own large enough following of people that they should have some longevity among the rest of the coins, yet cryptocurrency in general is small enough and still in its early stages, so that there ought to be several more big jumps in value, for as many years as it lasts, if it lasts more than a few more years.
It is fun to think that, because I hold x-amount of DOGE and SHIB coins on a daily basis, that one day if I had that many of them and they are going to be worth a dollar, I will be uber-rich with cash. If they make it up to 10 bucks and more, I'll have even more. It's almost unfathomable to think about what it would be like to have millions or billions of SHIB and/or DOGE coins one day in the future when SHIB and/or DOGE have surpassed the $20k mark, or $60k mark, or higher. It's almost unfathomable to think about what those people are doing today who collected BTC back when it was worth less than a penny, and have tens of thousands or hundreds of millions of them stored, or lost, somewhere out of sight.
In all of this daydreaming, it is also fun to realize that cryptocurrencies are currently a very real means and way to multiply money. Perhaps in the future I will look back and be sad for being a part of something that ruins the world and its economies. Perhaps in the future I will be sad about the effect that my use of electricity had on this planet. Perhaps in the future I will be sad about all the people who are sad about what they have lost, when all this is lost. But perhaps not, because, sufficiently, I have told everyone around me the things I know, and I have mitigated my use of things to a minimal level, and I have even purchased solar panels and put together a mining rig, and have begun experimenting with mining my own cryptocurrency, and I have no real care or concern for money as it is, and I believe the United States Dollar is fallen, and is fallen for a while, and I don't trust that cryptocurrency will be any better or worse than the systems that spawned it, I simply trust that God saw all this before it happened, and I trust what He told us about it in His Book, in His Word.
Jesus Christ is Wisdom. Wisdom is a name of His. His name is Wisdom. Wisdom gives us wisdom. He has given us many parables in His Word, and there is much wisdom in these parabolic stories for us to gain wisdom from, and knowledge with which to apply it. He Himself gave us the unction to not overlook the markets of this world in our quest to multiply the riches He has given to us. He Himself helps those who are helped by Him.
