🚀Doge Coin! a Titanic Ship🚀
Dogecoin, which is built on the POW framework, currently has an average price leaning heavily towards $0.15 but has been through a lot of fluctuations when it comes to price. This week, the monetary value of this particular currency was determined to be $0.19. The relatively insignificant part of the market cap of the coin can rightly be credited to something that can be referred to as vicious cycle of liquidation by whales, who sell off coins causing the trend to end with decreasing the scarcity of the coin leading to increasing its supply.
We will leave it here by saying that the value of money is not there precisely because of what it theoretically what it can be exchanged for, but because is scarce in relation to the number of transactions during a given period of time.
In that Doge coin is a market driven cryptocurrency asset, it is oftentimes hard to cite the impact of Elon Musk’s influence on its price volatility and the trend. In other words, only the market determines whether the price will go up or down. Take an example of the Titanic film that depicts the paradigm of the participants of the market who are supposed to be watchful so as not to be lured by the emotional treating and the accuracy of the information to must meet the standards for the investment purposes .
Cryptocurrencies can be compared to a roller coaster, with ups and downs being present at all times. This is how will it always be because cryptocurrencies represent a strongly volatile market. Therefore, only those who are hardworking and persistent will enjoy the fruits of this entrepreneurship. Finally, take your time and read some texts to approach the issue knowledgeably.
Continuously keep track of current comparson, do the homework, and made your independent mind on which side you stand basing the decision of your mind on facts which never allow others' to your own emotions that contradicts you be the ones that decide the process.
