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$DOGE the cryptocurrency that cost me the most money
These past few days, it bottomed out and rebounded, and once again it’s back in the mainstream. The last surge was mainly because of Musk—also, the government efficiency department, abbreviated as D.O.G.E—yet even Dogecoin couldn’t manage to break to new highs. This time there’s no real positive catalyst or material good news at all; it’s only being propped up by leveraged capital and FOMO sentiment.
Overseas, Dogecoin is inflationary.
Back in the 2021 bull market, its market cap was only a little over 120 billion. Now it’s close to 170 billion.
If you still believe in this, be careful—treat it as pure speculation only. Never easily develop faith.