RE: Sunday Thoughts
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I personally believe that Doge is a mega-bubble that is slowly deflating, although it is an inexpensive way to send and receive money, it does not have much use in the whole environment and it would be a matter of time for the effort that Elon makes to maintain the air inside doge, start to fade
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Doge is hyped by Musk and the wallstreet bets, add some big investors to that and the mass FOMO'ed in. Ready to get dumped on.
But I won't deny that there are quite few people who made big profits from Doge. Will it go back to zero? I don't think so, does it have use cases? No not much, is that important? Also not really when you look at how big the marketcap is.
I don't know what the future holds for Doge, but never underestimate hypes and emotions. People are and will remain herd animals and will follow each other. One makes a profit, the other a loss. Until everyone will finally do their own research ... there will always be these moments, and that again indicates that the crypto market is not yet mature. At least, that's how I see it.
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