20 March 2021
Dogecoin is one of these many altcoins that starts to gain momentum in 2021. Dogecoin is based on Luckycoin which is originally based on Litecoin. Dogecoin has risen to over 500% from last year to now. While Luckycoin has been trading in the 30s. It's a relatively unknown coin but it has promise.
They are trading around the $1.00 mark. There are just too many dog lovers out there. I am sure it will spike up. I just wonder how high. I imagine when one look at the volume, volume looks just about the same as Luckycoin. I believe Luckycoin has a better momentum.
As an investor, you need to do some research into the past and know what you are looking at. Some of the dog lovers are probably thinking why did Dogecoin drop like a rock in the middle of my research. I believe this to be a marketing ploy like with all trading ponzis. I am not worried because the devs have promised a giveaway of a GPU. Not a real GPU. Just a test to see if anyone could make more than a few thousands on a small rally.
I feel for this coin. It just recently reached the top of the market cap charts. It just hit a million. What can it do to me, me at a million. Well, it can do one thing to me. I will send it to the moon.
But I would be careful of going for huge profits like we saw in the last week. A day where you go for high profits might be a day when you are not there to respond to the next day. What could come instead?
I am not against Dogecoin. I am just watching it with caution. There are worse coins. Dogecoin is not one of them. I only suggest you do your research to know what you are looking at. If it's too good to be true, it probably is.
If you don't want to take my word for it, then by all means take Luckycoin and Dogecoin as a caution to not invest your money for high profits. Just do some research and be careful with the dog lovers.