Both coins now have a market cap of over $ 31 billion and are alternating between 10th and 11th on the CoinGeckos ranking page at the time of posting. The price of bitcoin, the first cryptocurrency, has nearly doubled since early 2021, while the value of coin ether has increased fivefold. Fearing a possible devaluation of the US dollar, investors are now turning to the crypto space, which is leading to positive shifts in the overall dynamics of the market.

Bitcoin, ether and dogecoin have all hit record highs this year and are seen by crypto fans as the future of money for the world. To understand if Dogecoin is a safe investment, you need to understand why the cryptocurrency was created in the first place, starting with Bitcoin. I believe that Ethereum is more than just a digital currency (like bitcoin), but instead provides a broader platform for enabling cryptographic “applications” that will add much more value in the long run.

If you are confident about the long term future of Crypto and any particular currency, this latest fix may be the right time to buy even more Bitcoin, Dogecoin, Ethereum, or whatever digital currency / platform you believe in. Many strategists, including some of the big banks like JPMorgan, predict that Bitcoin’s price could surpass $ 100,000 per coin in the next 1-3 years and push its market capitalization above stocks like Apple. It might be possible that it could continue to rally while bitcoin is in a bull market, but this is a risky opportunity.

Like many cryptocurrencies, it tends to fluctuate in price volatility. In the current market, Dogecoin miners are wreaking havoc as speculation and meme culture have pushed its price up to unexplained levels.

It is almost impossible to give fundamental value to Dogecoin, with its endless and rapidly growing supply, compared to limited cryptocurrencies like Bitcoin, which are much more decentralized. With an endless supply of Dogecoin and a low level of decentralization, it is difficult to attribute real fundamental value to a cryptocurrency.

According to cryptocurrency market data site CoinGecko, Dogecoin’s total market cap is now over $40 billion, adding more than $20 billion in the past 24 hours. Dogecoin recovered last week, hitting 10 cents per coin for the first time on Wednesday.

DOGE prices did indeed rally in April and May, when on May 8 they surged more than 1.100% to an all-time high of $ 0.731, pushing it to the fourth spot in the cryptocurrency market capitalization rankings. On New Years Day, DOGE was only $ 0.004 and was largely ignored by most cryptocurrency traders.

DOGE fired its first small shot in February following the first of a series of later Elon pumps. DOGE has fallen out of this epic pomp since May in relation to both Bitcoin and the USD. Among competing dog coins Dogecoin and Shiba Inu, the former lost 2.67% in price, while the latter gained 0.78%.

Shiba Inu has significantly increased the value of its cryptocurrency, surpassing the main digital tokens of the day as the market surged 4.38%. Shiba Inu (SHIB) shares rose 50.07% on Tuesday, October 5, 2021, more than the top 10 cryptocurrencies and more than competitor Dogecoin (DOGE). It doesn’t take long to move the Shiba Inu market – earlier this month, its price only rose because Elon Musk tweeted a photo of his puppy.

Musk revealed that he does not have Shiba Inu coins, but he does have Bitcoin, Ethereum, and Dogecoin. But Liu said that the Shiba Inu coin is of interest to young investors in cryptocurrency, so it is a good long-term investment.

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Responses (27)

  1. <I totally agree with what you are saying. I started in crypto in February 2018, and I bought in. I was up 5x by December only to watch that disappear quickly and then watch the original investment go down by about 85% during the ensuing 4 year bear market. I took the opportunity to accumulate more over the last 3 years which was hard to do and at the same time a smart thing to do. I wish I had bought more. I am in profit for now but I am planning on using my experience to do exactly what you have said in this post. I have learned from you and other Youtubrs especially my mentor Alice Marcella who taught me how to make trades and increase my crypto daily, ive went from 4btc to over 12btc in few weeks. no one really knows what is going to happen and I know you are only saying what you think will happen based on the past. It is yours and my opinion so people should make their own investment choices based on their own research…

  2. Just at the dying moment when I thought all was lost, I got to know about your service and my life turned around thanks so much sir..

  3. Just at the dying moment when I thought all was lost, I got to know about your service and my life turned around thanks so much sir..

  4. I am seeing 3 waves.. not good… We want to see 5 waves and huge pumps… Kinda going side ways

  5. I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

  6. I believe < that the inflation is already priced in crypto market since the end of last year. These manipulative rats are always two steps ahead of everybody because they are market makers. I hope I’m wrong and they won’t keep dumping it on retail investors as always. Those who hold the longest will profit the most, I trade and hold profits keep up the great work! and also Leon Calvin has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 17 BTC lately.<You can reach Calvin on ͲeIєɠɾαm👉LeonCalvintrade.

  7. Reading about people grabbing multi-figures monthly as incomes in investments even in this crazy days in the market, any pointers on how to make substantial progress in earning? i would appreciate

  8. I like this earning website above 🔝🔝❤️❤️❤️❤️..


  9. I like this earning website above 🔝🔝❤️❤️❤️❤️..


  10. What you think might not happen – WILL

  11. Great video!!!! WOOOOOOOO

  12. Robinhood is mount gox in the making re res

  13. I earned $120k monthly!!! After a successful investment you have nothing to worry about, whether the rise and fall of economy or anything won't affect you, make your future brighter, by making good investment! Wondering if viewer's here are familiar with Julia's trading strategy?

  14. Soy Boy Face Thumbnail

  15. I always applaud your efforts to update us with the latest information. I usually tell people that traders don't make money, they make money trading. As a trader, you have to be brave about where to put your money. At the moment everyone seems to be talking about Bitcoin trading and smart investing will make our dreams come true. I've been successful in trading since following Robert Davon's daily signals and directions. However, the profit was on my side and was able to expand my portfolio with a total profit of 5.8 BTC. From there is easily accessible on Tєlєɠг ค m as [DavonRober_Signals]. And What'sapp✙ 34612253397

  16. .70 incoming for Doge!!!

  17. You need to make a video on how to make 6 figures monthly because I have read about investors making up to $650,000 within 5 months and I really want to know how to outperform the market and make a significant profit


  19. I'm no longer waiting for the stimulus check
    because I earn $22,000 every 14-16 day's🚀

  20. I really feel left aside hearing and seeing several testimonies from people on profits they make from crypto/forex investments. can someone please recommend a good expert that can trade on my behalf and generate profits for me 🥺🥺🥺

  21. THE OG IN THE HOUSE 🏠 🙌 💖 DOING ONLY GOOD EVERYDAY FOR THE DIGITAL ONLINE GLOBAL ECONOMY WOO HOOOOOO!!! 💖 #DogeSpreadingLove #DogePumpItUp #TheRickFlairOfCrypto #CryptoDailyTradeSignals #ZenMusicAddict

  22. People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in Crypto as it's retracing….BE WISE

  23. Talking about stocks, Forex and
    cryptocurrency trading is the most
    profitable venture I ever invested in, I
    reached my goal of $120k monthly trade eanings. Wondering if viewers here are familiar with Doriana-Ndele trading strategy.?

  24. Opinions like yours are very much appreciated. However, we are in extreme different times with many other key factors in play that werent in previous markets…They! now own the market!!!! yes, read the charts, however, ZOOM OUT and think of the WHY's, regarding the action of the last weeks and going forward. Everything has changed and will change fast in these months ahead. Cant be ignored if advising.I will say we all should prepare for any scenario as the market has always been volatile.I have played safe by putting my assets into active trades,so I don't feel the price if the declination continues.I have made over 16 btc with 2.5btc since early november till date from implementing trades with insights and infos from Ari David Paul. I will advise everyone to stick to this method instead of just waiting on a pump.You can reach Mr. Ari Paul on ͲeIєɠɾαm👉@Aripaulsignals