Excitement and sentiment are everything in this speculative market, and they are also the cause of the "cycles" we see among retail investors.
Market cap is really only the last price somebody was willing to pay for an asset * total theoretical supply.
#Doge
Market cap is really only the last price somebody was willing to pay for an asset * total theoretical supply.
#Doge
https://twitter.com/BillyM2k/status/1470058035838078986
The aim of real FUD spread around #Dogecoin throughout the year (it has no devs; it has no future; it must be capped; a whale holds 30% of the supply) is exactly aimed at killing sentiment and making people sell and lose interest, because they think there is no hope.
Alongside FUD, institutional investors and speculators driving the price, marketing ploys by exchanges pushing towards other tokens, and in general any attempt to gain control of the liquidity are aimed at manipulating the sentiment and interest of the public. #Doge
And yet, in terms of development, adoption, and potential, #Dogecoin has never been in a better position.
This is why I never talk about the price: there is no real way to predict where we are going to be next.
The only thing we can do is to build and do good, to be positive.
This is why I never talk about the price: there is no real way to predict where we are going to be next.
The only thing we can do is to build and do good, to be positive.
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