#allin1 --->>> DOGE's Market Manipulation. Blockchain Projects Approval Risks! Cardano's Founder Calls Dogecoin a "Danger Bubble"

in LeoFinance2 months ago (edited)

Charles Hoskinson says the price of Dogecoin could collapse, causing a failure of regulation for the crypto industry.
Charles Hoskinson - Cardano creator, IOHK CEO - criticized Dogecoin's rapidly growing market value.

dogecoin_bubble_1_1.jpg
~source

Prices will not last, says Hoskinson

#melonflasc and co...

The recent performance of Dogecoin prices - which has risen by 124% in the last 24 hours - has prompted Charles Hoskinson to comment on the state of the currency.

He noted that Dogecoin was largely driven by the promotion of the currency by billionaire Elon Musk on Twitter. He added that their growth was also driven by "smart whale market manipulation", possibly referring to / r / WallStreetBets, a Reddit community that hosted many early campaigns.

The growth rate of Dogecoin is unsustainable, says Hoskinson. For him, Dogecoin does not have a stable development team, the currency code is largely based on Bitcoin and the currency is not well equipped to deal with security issues (if any).

Hoskinson even encouraged investors to sell their DOGE. "If you made money, great, but get rid of them! It's a balloon, it's not real, there's nothing sustainable there, "he said.

Will you be selling your DOGE?

A regulatory failure may occur

In addition, Hoskinson suggests that the Dogecoin balloon could bring long-term failures to the crypto industry.

He believes that once the Dogecoin bubble bursts, there will be regulatory requirements from agencies such as the SEC and the US Congress.

Hoskinson suggests that if this trend continues, the crypto industry will be regulated to the extent that blockchain projects will be needed to obtain the same approvals as the banking industry.

Will this affect Hive projects? How about Hive, HBD, Leo, Cub, and our second-layer tokens?

He added that even before the bubble burst, too much market value could attract parliamentarians and international regulators.

I've said enough!
I feel it can be much more transparent and fair to let you see the guy talking about this right here:

Let me know your thoughts on this. We are all into crypto and any feedback could help me and others here.

Thank you!

With respect and research,
@regenerette

leo_gif.gif

Posted Using LeoFinance Beta**

Sort:  

LOL I was calling ADA a danger bubble a while back, mostly as a joke tho. In the short run ADA was and did drop from those highs. I like ADA.
https://blurtter.com/ada/@coininstant/omg-ada-has-gone-into-full-parabolic-mode-time-to-damp-eeet
I got some doge, I think ELON has proven he's here with DOGE fo0r the long haul. Maybe the people in ADA are just scared. HAAH??? If HIVE could touch a dollar, surely DOGE can and will. Probably next week. My inside connections say to HODL doge now!!

Ok. Thank you for the link and tonight, before I go to sleep I will consider some strategy around DOGE.

Much appreciated!

Doge is going to $1

Posted Using LeoFinance Beta

Might get even higher soon

The bubble might burst but DOGE looks like it stopping at nothing to hit $1

Posted Using LeoFinance Beta

@joetunex...If I were a new investor and wished to put some usd into DOGE would that be OK to do it now?

I wouldn't advice you put money in DOGE now it looks like buying at the top though I wish it reaches $1 so I can dump the few I have.

Unless you want to gamble on some quick profits then you can pick up some and ge ready to dump

Just my opinion though not an advice 😃

Posted Using LeoFinance Beta

Thank you for your advice, I will pass it on to one of my good lady friends later tonight when we talk.

You're welcome

Posted Using LeoFinance Beta

Yay! 🤗
Your post has been boosted with Ecency Points, by @regenerette.
Use Ecency daily to boost your growth on platform!

Support Ecency
Vote for Proposal
Delegate HP and earn more

All cryptomones tend to go to zero, I mean that less satochis is earned against more btc rises, that said, all currencies will rise in price if btc continues to rise including doge

Yeah all cryptos priced in BTC tend to rise as btc floats all boats.

So, we have a win-win here, @thranax?

Here we have a very very good benefit jejejjje.

Through the management of a friend who has been in the world of crypto all his life, I am earning between 100 to 400 dollars every week :-))

Super!

I wish to reach this target also.