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Dogecoin is now the number 8 CryptoCurrency by market cap, ahead of Cardano and Solana

All Cryptocurrencies

by COINS NEWS 142 Views

First and foremost. Dogecoin has massively pumped over the last week, up 77%, it's likely massively hyped and due for a correction, buying Doge will probably get you burnt.

Over the past year Dogecoin has taken hit after hit along with the rest of the crypto market. Every time Dogecoin dropped out of the top 10 cryptos by market cap, this sub was quick to celebrate the drop.

With posts like

If You're Still Holding Dogecoin, You're the Greater Fool

Polkadot (DOT) Dethrones Dogecoin To Join Crypto Top 10

and blatantly false FUD posts

Doge has a single wallet with more than 23.17% of all the Dogecoin in circulation and it can be rugpulled at ANY moment.

The top wallet was previously discovered to be RH holding on behalf of its clients not a whale waiting to dump Doge.

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So I wanted to use this opportunity to celebrate the recent rise of Dogecoin

  • Over the past five years Dogecoin is up 410% against BTC
  • Over the past year Dogecoin is up 10% against BTC
  • Over the past 6 months Dogecoin is up 45.85% against BTC
  • Over the past month Dogecoin is up 64.82% against BTC
  • Over the past 5 days it's up 65.88% against BTC
  • Over the past day it's up 23.89% against BC

* To prevent spam on this post I didn't include image of charts, however you can Google "Dogecoin to BTC" and look at the charts for comparison in the different time frame if you want

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Welcome back to the top 8 cryptos by marketcap Doge. May your stay be long and not just a few hour footnote on the daily news.

Again, Dogecoin is massively hyped, hype is not reasonable or long term and anyone thinking of buying into hype should be prepared to be exit liquidity for whales.

submitted by /u/GabeSter
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