Posts

Is there a reason behind the Doge pump?

avatar of @sayee
25
@sayee
·
·
0 views
·
2 min read

A few days back, I got the news that the Dogecoin which I do not even hold or ever bought was pumping. I had read a few years back about it when a few friends of mine mentioned on the blockchain that they had invested a lot in this coin and it backfired.

Almost all called it a shitcoin and such. With one tweet and some hype, the coin pumped and has reached all-time highs, like ever.

For that matter, even the top coins are touching all-time highs, and a few years back, some had called the crypto a bubble that would break and leave so many heartbroken people all over the world.

That has now been proved false and people are now investing in crypto like never.

One of the reasons for the worldwide acceptance of crypto is the lack of belief in false politics. People are tired of the political dramas and the corruption. The crypto world offers better hopes and opportunities for 'normies' as one person referred to normal people like you and me. The tweet went on to declare shockingly - what if normies would become rich after doge pumped? Hmm, so is that a shock for the Richie riches and do institutions like banks want the people to be ever in debt? Food for thought.

Whatever the case may be behind the pump of such coins, one thing is clear. Whether or not Doge reaches a dollar as is being hoped for, people have now recognized that crypto is something that can turn situations for them overnight.

What do you make of this pump? Have you bought Doge yet?

Why not give it a try by buying a few? It is still low enough. Imagine those who sold BTC when it dumped a few years ago, or for that matter Ethereum.

Hope Hive also rises in the meantime.

image - screenshot

Posted Using LeoFinance Beta