Today I saw the price of DOGE very high on the Binance exchange, I immediately sold all the DOGE that I have. After I found out why the DOGE price hike was due to tweets from WSB Chairman and Elon Musk. I wonder. Why do famous people's tweets have such an effect on the price of an asset?
DOGE is a relatively small market. It may have started as a joke but it is the fork of a litecoin fork. There is nothing special to it besides it starting as a joke and growing a big community that as a result of this will keep growing. Was honestly expecting the DOGE price to go all the way back to like 1 Cent but not so sure any more. If more people like the coin and just keep buying it why would it not stay at a higher price.
I believe this doge pump isn't going to be that simple, look how they started coming in and made a big wave.
What that says, when you're in stocks you won't know where your money is going. But in crypto, it is different, even if the projects you have invested, even if it has no value, you still know where your money is.
You understand the problem that I mentioned, how great is crypto, doge is a coin like in this market you already know, and it has been pumped up there is just one way they want to position themselves that they are I am not controlled by anyone.