RE: What To Make Of DOGE
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One of my students was talking about her DOGE holdings in class a few weeks ago. She bought DOGE via RobinHood.
Students trading DOGE via apps like RobinHood mean nothing -- they aren't users or customers of the token, they are speculators.
Track the number of unique wallets holding DOGE -- that will tell you whether the current 'bull run' is real or not. If it is fueled by speculators, look for a crash. If the actual user base is climbing geometrically, strap yourself in and get your moonsuit ready.
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Yes a run without breadth tends to be a very narrow pump that ends up dumping.
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