“Ladrando a la luna”: the dogecoin saves 600% in a week and can sound the alarms about the formation of a burbuja

Published:

16 Apr 2021 23:18 GMT

This cryptocurrency, like a brand, has been ranked among the top 5 cryptocurrencies by its market value.

The value of the dogecoin, the cryptocurrency based on the meme of a shiba raza inu, is experimenting with a stratospheric despatch, with a higher crime rate of 600% registered in one week and 200% in the last 24 hours, according to CoinMarketCap.

The currency, which at some point in its fortunes raised $ 0.43 per unit, increased its capitalization to $ 40,000 million, raising $ 55,000, which it allowed irrumpir in the ‘top 5’ of the cryptocurrencies for its market value.

Launched in 2013 as a broma for the release of other cryptocurrencies, the dogecoin has been revalued in more than 8,000% en lo que va de ano.

Who attributes the impressive crime and ultimately disapproval of the dogecoin to the hands of Tesla’s CEO, Elon Musk. This multimillionaire Jew publishes a mysterious message –“Doge ladrando a la luna”– which, apparently, copies the popular lema of the cryptoaficionados “hasta la luna”, used to express some feelings about one of the other cryptocurrencies.

Musk, with the company invirtió $ 1,500 million in the bitcoin and which announced the acceptance of pages in the world head for Tesla electric coaches, has been referred to as dogecoin as its favorite currency and “moneda de la gente”. Without embarrassment, various cryptocurrency investors have warned that this type of statement should not be taken seriously.

Nic Carter, co-founder of Castle Island Ventures, described the dogecoin as a “vehicle of speculation” and advised that many minority investors “to lose money with dogecoin”.

According to David Kimberley, an analyst at the British investment platform Freetrade, “the dogecoin is a classic example of the more theory“.

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“The person does not understand the cryptocurrency considering that it has no significant value, meaning hope that others are one, impulsen the price and entons ellos vendan todo y hagan dinero rápido “, dijo a CNBC.

Kimberley advises that when all is said and done, the burbuja debe acabar rompiéndose y “uno quedará timado si no buy a tiempo“, means that” it is impossible to say when this will happen “.

This is a very probable with a small group of players wanting a huge part of the total of the ‘coins’ in circulation. “It’s something that bastards that a person liquidates all the tenancies to declare the entero market “, explained.

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