Nicholas Merten from DataDash has addressed a question by many if it is realistic for Dogecoin to go to $1. He says it’s realistic to think Dogecoin can go to 10 cent, but not really the best time to get into Dogecoin because it’s lining up very close to finding it’s next point of resistance on a monthly trend chart.
Nicholas says it’s normal DOGECOIN pumps with influential people like Elon Musk constantly tweeting about it, especially when you have retail volume coming in to push up the price. “Joining ‘Dogecoin fun’ right now is a bit of recklessness at this point, and a lot of people are going to get burned if they are not cautious.”
This episode premiered on February 8th, 2021.