Meme coins are planned launches where insiders make all the money and those that find out about the coin on X or any social media platform lose all their money.
Anyone saying that meme coins are good for the trenches or it will bring retail back are either insiders or just stupid.
Sure you can argue coins like DOGE brought a ton of the crowd in, I would agree, however it also washed that same crowd out after it dumped.
Meme coins are not a win for the space, never were, outside of pumping up network usage on networks like Solana.
No one will ever convince me that meme coins aren't a net negative for the space.
Department of Gov Efficiency (deptofgovtefficiency.com) DOGE Price History USD
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I’ve been tweeting about Ansem a lot this morning because I actually think he’s made a genius play in the space.
He barely posted for a long while, frustrated people, came back, started ball posting, completely 180’d his content, started a podcast with FaZe Banks, dropped a meme coin, the meme coin runs to $100M, and he potentially makes $30M+, maybe $45M at the highs, maybe even more.
People are saying this is a good thing because it’s bringing the trenches back. Maybe it is, maybe it isn’t.
But what I don’t think people understand is that you’re essentially just donating to Ansem if you buy his token.
That doesn’t mean you should or shouldn’t do it. If you think you can make money from it, that’s up to you. That’s the whole point of the meme coin trenches.
But you literally only make money if someone buys after you because it’s a meme.
If Ansem then cashes out, for example, money is going to be net extracted from the space. If he doesn’t cash out, I’ll be very, very surprised. I think he’ll cash out a
What $DOGE Needs
Dogecoin needs more than social buzz.
-X integration would be major.
-Merchant usage must expand.
-Whale demand helps break resistance.
Cycles matter more than noise. https://t.co/rJ9SrivHtZ
$DOGE
Range broken. Targets Acheived.
The new charts tell us that DOGE has now entered a 'fear sell' territory, where each pump is a small sigh of relief for the pro-doge holders, and they then sell to save some of their investment as DOGE heads to make lower low every day.
The current price of DOGE is the LOWEST in the last 900+ days, that speaks volume.
Forr now, chart looks like it will follow what is described on chart till it reaches the $.06 support.
#CRYPTO #TRADING #BTC #ETH #MARKETUPDATE #DOGE
$DOGE
Charts have a tell.
The manner by which a chart approaches its support or resistance can tell you whether or not it will be held or be broken.
An aggressive approach to a support zone, AFTER consolidation is bad for that support conversely a soft approach to a support zone, AFTER a consolidation is good for that support.(Vice Versa for resistance)
What do you think is happening here? And by what I just told you above, what do you make of this DOGE chart.
#CRYPTO #TRADING #BTC #ETH #MARKETUPDATE #DOGE
Price Prediction
When is a good time to buy DOGE? Should I buy or sell DOGE now?
Beacon Prediction
Probabilistic Price Forecast (Next 24 Hours)This prediction is an experimental technical product and is provided for reference purposes only. It does not constitute investment advice. Unexpected real-world events may significantly impact market behavior. Traders should make decisions with caution.
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