Every once in a while a hype is developed all around the world and this time its none other than dogecoin. The famous meme coin developed into December 6,2013 just to make mockery out of blockchain.
It didn’t have any hype around those times.
But during the lockdown and covid wave period everyone was busy on digital sites all the time since they were cooped up in the house.so the hype gained attraction after large institutions came into play to purchase bitcoins after finding out the huge potential of it .
Sites like Paypal, mastercard, etc. and Investors like warren buffet, goldman sachs etc. they were bad mouthing bitcoin for a long time But they started accepting crypto and the potential of them in future. So they started to invest which potentially triggered lots and lots of people towards crypto.
There’s a saying your biggest fan is your hater I guess that’s true.
This led to rise in crypto’s marketcap and more money came funneling towards it and started a bull run and its been going for a long time now. Out of this dogecoin stands at top.
Due to reasons such as wallstreetbet hype,Elon musk trying to popularize dogecoin and lots of media influencer hyping dogecoin. That’s the power of people and media. That’s why I this site will be for a long long time till there will crypto.
Now dogecoin has surged so high that investing at this point is straight up gambling. There’s no use case to it as soon as large whales dump it and make it fall to the ground. if you wanna invest do invest at lower prices managing your risk don’t go all it it might give us potential returns but at this high risk=reward both are same so keep in mind about that. Hope you guys enjoy the bull run till it lasts