$DOGE is bullish, and everyone may be taking it for granted when they say it will fall
Recently, I found that many people are shorting Dogecoin, thinking that it has reached its peak. But I have a different view. Usually, when everyone thinks that something has reached its peak, it often has not reached its true peak yet.
My trading idea is this:
Several things may cause Dogecoin to rise
For example, if Trump is president again, he and Musk may work together to promote cryptocurrencies, and may also help promote them through new government departments.
I also think that there may be a Dogecoin trading fund next year, so that more people will want to buy Dogecoin.
If retail investors come back to speculate in cryptocurrencies, Dogecoin may become popular again. Especially when Bitcoin hits a new high and the news that Trump also supports cryptocurrencies spreads, retail investors will definitely come back to speculate, and Dogecoin may be their first choice.
The relationship between Dogecoin and Bitcoin is also very interesting
Although Bitcoin is getting stronger and stronger now, Dogecoin can also hold up, and even hit a new high. If Bitcoin reaches its peak someday, Dogecoin may be even stronger.
Retail investors may still remember the good of Dogecoin
Think about how popular Dogecoin was in 2021. If retail investors come back to speculate in coins, they will probably still think of Dogecoin first.
In general, I don’t think there is any reason to be bearish on Dogecoin now. Everyone says it will fall, but I think it will rise.
Currently, Bitcoin is breaking through 9.3w, and the market is exploding! In this situation, it is most suitable to layout potential altcoins! I have carefully selected a currency that is expected to be 2-3 times in the short term and 5-10 times in the long term. Leave a message + like, and share it for free!