Dogecoin, is the joke going too far ?

Dogecoin, is the joke going too far ?

By Clemnms51 | Clemnms51 | 12 Feb 2021


The Dogecoin is on every lips since about 2 weeks. If you're "crypto aware", you can't deny that this coin is making a huge buzz. Thank you Elon, and thank you ... Reddit.

A 10 billion worth joke

Dogecoin was created by Billy Markus and Jackson Palmer, reddit users, in 2013. It is an absolute joke, to prove it, watch the presentation video of the coin :

Elon Musk plays, Doge pumps

This "meme" coin, represented by a Shiba Inu, wanted to ride the wave of success engendered by the BTC. With absolutely no fundamentals, none of the crypto believers would have advised you to put any cents on it, especially for this reason. But the crypto sphere is still young, and crazy. This meme is loved by Elon Musk, and that's enough to make it pump a lot.

821d6a7de1dba4983444e56a840726d1356ca7ca5d9b7e25acec740c16577d5f.png

And now another view of this chart : 

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The graph, just as the Doge, seems to be a joke, we can't see any logic and continuity there. The only logic is the fact that Elon Musk has tweeted about DOGE before every pumps.

Here is another tweet by him, I didn't put all tweets because there will be really too much.

But even crazier, other celebrities have started to talk about DOGE, more mainstream celebrities, like Snoop Dogg, as you can see in the tweet just below.

My opinion about having DOGE in your portfolio is that if you are not afraid to lose money, take a little bag when it's not too high, then buy when you make 100% of profits. Then repeat.

Some of my friends that doesn't know anything about crypto asks me if they should buy Dogecoin, that is pretty alarming in my opinion, as it is not the best coin to introduce people to the crypto world. The Snoop Dogg can also be welcomed as an alert, a signal that the bubble is maybe not too far ?

Tell me your thoughts about the Dogecoin in the comments section !

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Clemnms51
Clemnms51

French crypto enthusiast, I love sport and passive earnings and income. I try to talk about various subjects and I hope you'll enjoy reading my articles.


Clemnms51
Clemnms51

French crypto enthusiast, I love sport and passive earnings and income. I try to talk about various subjects and I hope you'll enjoy reading my articles.

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