funny how even dogecoin which is a ''shitcoin'' according to many raised like 50% in recent days how do u guys explain that? i bought 15000 dogecoins as a joke for 30 euro 2 weeks ago, today that's worth over 45 euro which is a 50% increase lol i didn't expect people to actually buy dogecoin what's up with that? at such increase its more profitable then many altcoins lmao
Pure speculation... Actually you'd be surprised because even though dogecoin is technically just a memecoin it's still got more practical usages than half of the supposedly "legit" coins on the market right now. It's actually got a community behind it that cares, and it doesn't promise anything that is outrageous.
And if you look at the charts, doge gets pumped once a year or so. Right now we may be seeing the start of a new rally for dogecoin, with the price going from $0.001 to $0.003 or more.
Though for long term holding, i don't see much potential in dogecoin just because it has no extra features other than being a cheap means of transaction.