Dogecoin (DOGE) pump signaled crypto market downfall again dogearmy $doge
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.The pump of memecoins like DOGE or SHIB a couple of days ago was like another funny phenomenon in the stagnating crypto market.
In one year only, starting from last August, each Dogecoin pump by more than 20% led to the collapse of the entire crypto market within a very short period of time. This time, the omen did not spare either, as it seems to have managed to strengthen its position in the sector and impose its fight on DOGE during the year.It is a funny twist of crypto fate that many people associated the excessively active growth of such cryptocurrencies with the fact that money, optimism and bullish sentiment are coming back to the market. However, itNevertheless, one cannot say that every such 20% or more pump would mean the further collapse of the market.
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