Short Hyped DOGE might be at risk


Short Hyped DOGE might be at risk
DOGE is not performing well and that is what happened with this week also. Volatile trading on futures tracking the tokens of Dogecoin (DOGE) and ApeCoin (APE) resulted in millions of dollars in losses to liquidations. And this happened again in the presence of DOGE Father Elon. As soon as people came to know about Elon is buying Twitter and he did also, they started buying the token and caused it to rise by more than 20%. People rushed for it just like gamers rushed for PS5 and Graphic Card after the shortage. Like really, why people are rushing for DOGE? Just because Elon accepted the meme coin for tesla last year and then dumped lol !!! and now people are thinking that it might accept memecoin for Twitter shares or might integrate it with Twitter. But the problem is this short time hype cloud will pop soon and might be a problem for the paper hand investors in DOGE. Many more projects like Stellar (For New Crypto Payments Network), Faith Tribe(Decentralised ecosystem for the creative communities), Curve (Cryptocurrency to Buy for DeFi Exposure), are floating around the space, that deserves love, and gets some too; but the question is, when will we start to focus on true crypto, and not run behind huge profits? Because as of now, crypto is more like a diamond mine, where anyone and everyone is trying their luck to turn their money around. Moreover, the futures losses on APE and DOGE contributed to over millions in overall liquidations as the broader market rallied by some 3.2% in the past 24 hours. And people need to understand this so they don’t rush for any short hype as it will make the market less volatile. submitted by /u/Bria_Hartley4567[link] [comments]from Ethereum https://www.reddit.com/r/ethereum/comments/uczhhn/short_hyped_doge_might_be_at_risk/
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