DOGE The Next To Die In This Flush Of Crap Down The Toilet

7 hari lalu

Doge had an amazing run, those who made money and got out I applaud you. Those still holding these bags of coal are about to get wrecked. Memes are dying, no one cares about them anymore. People are beginning to realize that these things have ZERO utility and no future. No ETF will ever get approved, its too inflationary. Take a look at the Grayscale trust thats a great insight to how many institutional investors want this thing. Its Total assets under management are less than $2 million dollars. Thats laughable compared to their other holdings. So even in the slim chance this turd gets an ETF it'll be an epic failure.

Your messiah Elon has abandoned this thing, the onyl real hope you all had for real world utility. Litecoin miners are dumping this as soon as they get it. The meme coin frenzy has died down. In January alone this year there were 600,000 meme coins created thats an all time record for a single month. That meme bubble is about to collapse as people move toward more utility driven cryptos and this space gets wrangled in a bit. Many people including myself have made a bunch of money playing in the meme coin casino, it was fun when it first started. 100x's everywhere. Now its pretty much over. The future for Doge is a slow and steady decline back to NAV under a penny. It was a great pump and dump. Dont marry your investments especially ones that are just memes with no utility they are made to get in and out, make money and rotate into something of value to preserve your wealth.

None of this is financial advice, just my opinion.

kelmarin

Dagangan aktif

This is the chart no Doge holder likes to see. Doge made a new closing high on the monthly on its market cap. People forget theres 15 million Doge mined every day dumped onto the market. Eventually the price to market cap will reach a point where the market cap may stay stable but price comes down. I think that this is whats happening. The price market cap hit its peak and now combine that with selling pressure the move down for Doge is going to be sharp and swift. Look at the double top on the Cutler. Its over for Doge despite what any of you think its over. Your dreams of 1-20 dollar Doge is gone. It'll never happen. You're all about to round trip with your Doge bags and not even in the next bull run will Doge ever get to any previous all time high with the amount of Doge being printed daily. When Doge market cap breaks this trend line its bye bye. Forget it. Not financial advice.