OK, I get it. I know why Dogecoin is up almost 400 percent in the last month. I just don't like it. It is the same reason it went over .70 a few years a go: Elon Musk. This is one of the main reasons that crypto gets a bad name. Sure everything is up right now, but, how much long term damage is done to the integrating of crypto by a meme coin skyrocketing off of something a billionaire does unrelated to that coin? Do you remember the exact reason DOGE hit its high? It was because Elon Musk was going to host Saturday Night Live. That's right, it was nothing to do with the actual coin, it was because a guy who was pumping the coin hosted a late night sketch comedy show.
Crypto in general hitting all times high because it believes the next president, just elected, is going to be great for the technology is fine with me, that makes sense. We will have to see how it pans out, but, at least it based on a tangible idea that has some reasoning behind it. Dogecoin doubling this week because a billionaire is hanging out at another billionaire's house is something completely different.
As the title suggest, I don't own DOGE. To be honest, it never crossed my mind to draw a line from Donald Trump winning to Elon Musk to DOGE going to the moon. So, I may be a little jaded on this, but, I'll be back in a month when DOGE is back under .10 to gloat.