Short analytics of Doge Coin - WTF is going on?

in LeoFinance3 years ago (edited)

The DOGE Coin is going through the roof. But the question is how long this price increase can be maintained, if you look at a small but fine technical and financial side.

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lol...website screenshot edited by me.

10,000 DOGE Coin are generated per minute. That is 600k DOGE Coin per hour. Calculated over the whole day, that's 14.4 million new DOGE Coin available.

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https://en.wikipedia.org/wiki/Dogecoin

High Value

It quickly becomes clear that a large-scale market manipulation is certainly taking place here - or what do you think?
At the current price of 0.39 USD per DOGE Coin, that's 5.6 million US dollars alone that are generated every day in new value. This cannot go well for long.

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What are your opinions on the current pump of Doge Coin?

Posted Using LeoFinance Beta

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