"Most people do not have the grasp of their investment thesis and merely follow some influencer and buy such meme coins, " he said. "However, early Doge investors last year did quite well, so it is not as black and white as most want it to be."
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Dogecoin, a parody cryptocurrency, soared by 91 per cent after Tesla CEO Elon Must tweeted about it. Picture: Brendan Smialowski / AFP
CoinMarketCap also warned potential investors that SQUID coin was probably a scam, displaying a warning to “exercise extreme caution” if they bought the cryptocurrency.
President of Islamic Development Bank, African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, World Bank Group respectively.
CFDs trading are derivatives, which enable you to speculate on cryptocurrency price movements without taking ownership of the underlying coins. You can go long (‘buy’) if you think a cryptocurrency will rise in value, or short (‘sell’) if you think it will fall.
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McGurn is part of a legion of investors who are new to cryptocurrencies. Drawn in by the huge gains that started in late 2020 or excitement around dogecoin, they entered the market looking to make some quick money or to avoid missing out on the next big thing.
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Some weeks back, memecoins were the ‘IT’ coins. Fast forward to today, the cryptos are gradually dumping, particularly, Shiba Inu. As a result, crypto analysts are calling on investors to sell now. According to them, SHIB will fall even more. Interestingly, the Shiba community is rather championing a rally and advising hodlers to buy more SHIB.
The cryptocurrency, Solana, is up a whopping 17,000 percent this year and is now the fifth-largest cryptocurrency on the market.
Overall, such a wallet holds almost 13% of the total circulating supply of the Dogecoin killer token, prompting concerns about a possible liquidation triggering a massive selling pressure. But at least, speculation is starting to fade about the wallet being a dormant one because it hadn’t seen any activity whatsoever.
According to our SafeMoon Price Predictions, the currency might reach around $0.00000738 by the end of 1 year and $0.00001503 by 2025. Digital Coin Price
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Burger King, Robinhood hand out free dogecoin in play to lure back retail investors