Hello traders , let me know your point of view about DOGECOIN.
TO be Honest with me It truly represents the market cycle but I want to know what scenario are you expecting from it.
Generally, one market cycle exhibits 2 different stages. At each stage, securities will respond to the prevailing market conditions differently. For example, during an upswing or a boom period, we have feelings such as Optimism , Hope , Thrill
During a downswing or a recession, price just hit a phase of herd behavior when retailers buy the most expensive price losing money. Yesterday Dogecoin tumbles after Elon Musk jokes about it on 'SNL'