Topic: How much money is truly in crypto? (Read 64 times)
Doge is more a meme coin and its pump is just the result of Elon Musk's tweets and once the pump starts to settle down after traders begin to take profits, the overbought area buyers are the traders who pay the price of that pump to the greedy traders. I do not think Doge really has that much of actual cash sitting on it because more or less, Doge has just become a pump and dump coin and when the whales will begin their dump, you will know its real value as well as the 'actual' cash it has.
I remember reading of Bitcoin's marketcap as a multiple of the 'material' fiat invested.
I wonder for Doge .. which is at 50,000 Million $ marketcap. Is there more or less than 500 million of actual cash sitting in it?
I wonder for Doge .. which is at 50,000 Million $ marketcap. Is there more or less than 500 million of actual cash sitting in it?
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