Something or someone this morning caused a sharp increase in the price of Dogecoin. Its price jumped by almost 39% in minutes Anything can be behind this increase. As you can see from the graph, more than $ 5.5 million has flown into Dogecoin in a while. Now it is important for all private investors not to surrender to FOMO and avoid ill-advised investments.

Dogecoin is a very popular altcoin. The disadvantage of such smaller cryptocurrencies is their ease of manipulation with more capital. In this particular case, it can be seen that institutional investors are very active on the market.

So keep calm and be careful with your investments.