$DOGE has been making waves in the past few days, skyrocketing over 150% and shaking the market! 😱
Many people are starting to ask: "Should I invest in DOGE right now?" The answer is: NO, absolutely not! 🔥
The reason is simple:
Infinite supply. Unlike other coins, DOGE has no limit on its total supply. This means that you will never see a "scarce" DOGE, and the value will be affected by the ever-increasing supply.
Constant inflation. Every day, about 14 million DOGE are mined. This means that there is never a shortage of DOGE on the market, and MMs (market makers) can absolutely maintain the price high in the short term but not in the long term.
Don't get caught up in these "fake" price increases. When DOGE drops 30% or 40%, it doesn't mean it's "cheap". You're simply seeing a coin that's losing value very quickly. So don't try to "buy the bottom" when DOGE drops sharply, because it can easily cost you money! 😂 You may see DOGE drop 100%, but don't forget that it will take MM years to distribute all the excess DOGE on the market.