Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

DOGE may be the one that is truly underestimated.


Why do you say that?
First of all, DOGE is not the kind of "air coin" that purely relies on hype. It has real mining machines supporting it and computing power maintaining the entire network. This aspect makes it particularly solid among the many meme coins. It has financial attributes, can be traded, can be used for payments, and is even accepted by many merchants — this is not something just any funny coin can achieve.
Moreover, DOGE has a "number one fan" - Musk. Every now and then, he mentions it on Twitter, making DOGE the center of attention instantly. The celebrity effect is crucial in this sphere, and I don't need to elaborate. With heat, topics, there comes attention and liquidity.
And recently, there is another major piece of news that cannot be ignored: Grayscale is about to launch a DOGE ETF, which has already been approved for listing on the New York Stock Exchange. What does this mean? It means that traditional market funds can enter the DOGE market through compliant channels. Once the funds start flowing in, you know how the price will move.
Although DOGE's price has been fluctuating recently, and the MACD indicator shows short-term volatility, with even some pressure of capital outflow, you must see clearly: this may very well be an opportunity. The price has quietly risen above the EMA_99 moving average, indicating that the medium to long-term trend may be quietly turning.
Some say that buying coins is buying consensus. DOGE has experienced countless ups and downs since its inception, yet it has always had a group of loyal holders. It has a community, stories, use cases, and continuously incoming new users.
So, if you ask me which coins are worth accumulating at low positions, I would put DOGE at the forefront. It's not about blindly calling out a trade, but because it indeed possesses the dual attributes that only a few coins have – financial attributes + celebrity effect. How many such coins can you find in this circle?
DOGE-0.79%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
GateUser-954f2c4fvip
· 11-25 00:00
Steadfast HODL💎
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)