DOGE's trading volume has surged, with a rise in volume of 83%, but the price has dropped by 11%, which makes this data quite suspicious.


But from the perspective of moon, it is understood: DOGE is currently correcting its price, and within a year, it will surge to a price of 1$.
The current "bearish" sentiment is a tactic by the whale to manipulate the market. They first short-sell to eliminate some of the long positions, creating panic in the market, making those who haven't been liquidated and some spot players anxious and unable to resist the urge to cut their losses and run.
After the washout ends, they will go crazy with the pump.
Moreover, Musk has recently shown some enthusiasm for re-entering the cryptocurrency market.
DOGE has always been Musk's "dog".
Once the wash trading is almost done, Musk will influence the market again with public opinion, and DOGE might recreate the "ten-thousand times" myth of the past.
But a rise of 10 times or 8 times is still not a problem.
In extreme cases, a rise of 20 times is not impossible.
So the best strategy now is: short-term bearish, long-term bullish, value investing is to hold steady, DOGE is the "meme ancestor", its status in the industry is on par with BTC.
But the market capitalizations of these two differ by hundreds or thousands of times, DOGE has enormous potential and is more reliable than all the altcoins on the market. #今日你看涨还是看跌?#
DOGE2.5%
BTC1.49%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Uglyvip
· 10h ago
bullshit
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)