Dogecoin is the only "special" shitcoin in my view,,, always there right from the beginning as a clear joke and it had before a special community that was also big on generosity. Everything else that pretends also to be a meme is shit that cannot be elevated. Pure MLM/ponzis as youo say.
The funny thing is most people in it still do not realize it is a big ponzi and keep thinking this is safer than gambling
To be fair Dogecoin generally looks terrible before it pumps. You know better pump only the matter most from the community. That's the chart for pretty much common for all the coins. You could characterize it by saying anything, yet your thought regarding dogecoin won't have any effect. This isn't something anyone could have predicted, it'll find bottom and pump again at some point. Those missed the train, used to see use scam/ponzi words. Isn't it?
I guess so,,, but now even above 250 satoshi per doge feels like a big slump from 1000 satoshi but still this is way more than a year ago at 50 satoshi,,, it is wonderful for a joke coin. And over the years it always goes up and up in terms of BTC price. Other memecoins have not copied this pattern yet
well, it became special when Elon Musk pushed the price of the Doge to what it is today. I suspect that Elon Musk is trying to push the price of Doge to $1 by doing endorsements such as tweeting or accepting Doge as a legitimate Tesla payment. however, I think people are getting tired of this. some of the doge-holding people before the pump must have sold some of their assets for a profit. From what I can see, $1 is still very far for now, and Doge's price is still trying to maintain its price in the $0.1 range, however, it's possible to see Doge's price below $0.1 again when a bear market appears at this time. people may start to realize that Doge is a very risky coin.
IT all started with tiktok challenge remember? 2020 I think then Elon jumped in. And since then, Doge is famous and loved by these guys. Anyway time will tell if it lasts.