DOGE Is An Example of Social Schizophrenia

DOGE Is An Example of Social Schizophrenia

By Sir Loin | The Crypto Shenanigans | 4 May 2021


While Doge Father Elon Musk prepares to perform on Saturday Night Live, Dogecoin is storming another ATH. Today the Doge price has reached $0.61, having risen 34% over the day.

On the way to $1 expected by fans, DOGE has already pushed XRP out of 4th place, increasing its capitalization to $71.4 billion. The next target is BNB, which now occupies the 3rd line of the market cap. To displace BNB, DOGE needs to rise to $ 0.75, which is likely to happen in the coming days.

Major exchanges are sending out calls to take a closer look at this coin, and not take it as a joke. Every day new celebrities are connecting to the popularization of Dogecoin. DOGE is at the top of Twitter and Google trends.

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But if you call Dogecoin insanity, then what about the real insanity in the IPO market? In the United States, a rural grocery store went public and turned into a company with a capitalization of $100 million.

One single grocery store from Paulsboro, NJ, with $13,976 in revenue, went public last summer as Hometown International $HWIN and now has a $99 million cap.

The store was closed from March 23 to September 8 last year due to the pandemic, and during this time the company's shares rose from $3.25 per share to $9.25. At its peak, Hometown International's capitalization reached $113 million.

The founder of the "corporation" has no experience in food retailing but says that his deep knowledge and understanding of the market makes him a valuable leader and board member. The vice president and company secretary is a 46-year-old math teacher at Paulsborough High School.

Have you already checked out the Dogecoin white paper? If not, it doesn't matter. DOGE white paper may end up on a roll in a bathroom. Therefore, you shouldn't even try to read something on this roll.

If a wrestling coach from a village school has “deep knowledge and understanding of the market, which makes him a valuable leader and board member of a $100 million public company, then you have no argument against DOGE becoming the second cryptocurrency after Bitcoin. 

Even though I don’t hold any Doge (simply because I don’t like to support things that make no sense, even for profit), I have no doubts it will reach $1. And then $2. And then $5.

Just watch. People have lost their minds. 


Sir Loin
Sir Loin

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The Crypto Shenanigans
The Crypto Shenanigans

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