#doge⚡
Today let's talk about Dogecoin!
Aside from newcomers to the industry, there shouldn't be anyone who doesn't know about Dogecoin. It’s the leader in the meme segment and currently ranks eighth among all cryptocurrencies. Many people have likely purchased it, especially during the surge in 2021, when Dogecoin skyrocketed and allowed many to achieve financial freedom.
Because of this, many similar coins have emerged, and if you're interested, you can look into them yourself. If you want to continue hearing about Dogecoin, then keep listening.
First, let's discuss the news. Experienced traders know that Dogecoin suddenly gained popularity in 2021, largely thanks to Musk's endorsement. With his support, how could Dogecoin not rise? On October 28 last month, Musk posted a picture of Dogecoin on X, resulting in a short-term increase of 0.0378, with a rise of 26.61%.
Now, let's talk about the market for Dogecoin. From the daily chart, recently Dogecoin has corrected along with the broader market, and near 0.158 is a good level to buy in batches. Just now, the broader market broke below 69000, which is a good buying opportunity.
Personally, my view on Dogecoin is that, from the monthly chart, compared to the last bull market, the current price is still relatively cheap. Although the market capitalization is already quite large, compared to other meme coins, its volatility is relatively low and stable, making it suitable for friends who prefer a more conservative approach.
Moreover, from a macro trend perspective, I have always been bullish. As the broader market continues to set new highs, Dogecoin follows suit. So for those who like it, consider building positions in batches during corrections, and then you can sell in batches next year.
Recently, I plan to invest in a potential coin that is about to explode, doubling is quite simple, and I'm also preparing to find some potential coins to hold until the end of the year, with an expected growth potential of over 10 times being very possible. If you want to keep up, leave a message, follow, like, and share for free.
