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why doge dump

Why has DOGE gone down so much?

The other reason why Dogecoin is dropping is a large number of selling investors. It has been identified as the biggest reason why Dogecoin is dropping. The number of Dogecoin holders is dropping fast, and what's worrying is the huge number of Dogecoin whales selling.

Is Dogecoin just a pump and dump?

In conclusion, Dogecoin might have been a pump and dump scheme, but the competition is also killing it. With the likes of Bitgert, it is difficult for such meme coins to survive.

Is DOGE still worth holding?

On May 4, 2021, Dogecoin has surpassed a $75 billion market cap. Since then, however, Dogecoin has fell significantly. While it's now worth 20% of its all-time high, the dog-themed cryptocurrency still has a multi-billion dollar market cap.

Will DOGE ever go back down?

The consensus is that Dogecoin is likely to do much better longer-term compared to 2022. Based on Dogecoin price prediction, DOGE is to trade at $0.30 by the end of 2022, $0.77 by 2025, and $1 by 2030.

Will Dogecoin go back up 2022?

Cryptocurrency experts are ready to announce their forecast for the DOGE price in October 2022. The minimum trading cost might be $0.071, while the maximum might reach $0.078 during this month. On average, it is expected that the value of Dogecoin might be around $0.074.

Can Dogecoin hit $10?

Conclusion. Can Dogecoin reach $10 per coin? Highly unlikely within the next year.

Is Shiba Inu pump and dump?

Shiba Inu has been characterized as a "meme coin" and a pump and dump scheme. There have also been concerns about the concentration of the coin with a single "whale" wallet controlling billions of dollars' worth of the token, and frenzied buying by retail investors motivated by fear of missing out (FOMO).

Can Shiba Inu make you rich?

Shiba Inu has since fallen over 70% in price and is currently trading at $0.00002426. Nevertheless, Shiba Inu made thousands of new millionaires – according to Shiba Inu price analysis, an investment of just $2 at the beginning of last year would have made you a millionaire by the beginning of 2022.

Is Shiba Inu better than Dogecoin?

Both Dogecoin and Shiba Inu are among the best meme coins to bet on in the long term. However, in terms of absolute gains, the odds favor Shiba Inu as the likely winner of the two. That's because of its deflationary tokenomics. SHIB also has a more robust ecosystem that includes a Metaverse.

Will DOGE explode?

Crypto experts are predicting that Dogecoin (DOGE), KLAYTN (KLAY), and Chronoly (CRNO)(in presale and have gained popularity among the major players) will explode in 2022 and provide unimaginable returns. Chronoly is backed by real-world, rare, and exclusive luxury watches.

Does DOGE have a future?

Every year, cryptocurrency experts prepare forecasts for the price of Dogecoin. It is estimated that DOGE will be traded between $0.81 and $0.90 in 2028. Its average cost is expected at around $0.83 during the year.

Should I still hold Dogecoin 2022?

Absolutely yes! Despite the recent cryptocurrency market collapse, Elon Musk has committed to keeping supporting Dogecoin. Since he is one of the key reasons why Dogecoin has performed so well in recent years, this is a big deal. It's a good reason to see Dogecoin as a viable cryptocurrency investment in 2022.

Can Shiba Inu reach 1 dollar?

Shiba Inu Reach Can't Reach $1, But the New Cryptocurrency Meme Coin Tamadoge Could. Shiba Inu is one of the most popular meme coins on the markets. It is currently working on its metaverse and a new crypto exchange to increase token utilization.

Can Shiba Inu get 1 cent?

Its current market cap is around $6.9 billion. If we consider this, then we can clearly say that the price of Shiba Inu Coin will never reach 1 cent. However, there is another option. It is to burn supply in order to reduce the total SHIB in circulation, thus raising the price, without raising the market cap.

How high can Shiba go?

Shiba Inu hit all-time highs above $0.00008 per token in early November 2021, surpassing Dogecoin's market cap. At the time, the project's market cap was over $40 billion, ranking it in the top 10 most valuable cryptocurrencies.

Can a Shiba hit 1 dollar?

Summary. Shiba Inu has broken many records in the crypto industry, such as defeating its rival meme coin, Dogecoin. However, the coin's massive circulating supply makes it impossible for the token price to ever reach $1 or even one cent!

Can a Shiba hit 1 cent?

So yes, it is possible for Shiba Inu Coin to reach 1 cent; however, it will be very difficult. Is Shiba Inu Coin (SHIB) a good investment? Yes, Shiba Inu Coin (SHIB) has many catalysts that will allow it to grow over time. As such, we believe that Shiba Inu Coin (SHIB) is a good investment, especially in the long run.

Will SHIB survive?

According to crypto analysts, Shiba Inu is among the cryptocurrencies struggling to stay alive in the industry. The coin performance in the market has been poor, with the past 6 months being a non-stop plunging. The bad news is that Shiba Inu has almost zero chances of surviving in this industry.

Will Shiba Inu crash?

Many factors can be cited for the plummeting Shiba Inu. The FED's inflation measures have been one of the major reasons why $SHIB has plummeted. These measures have caused the market to crash this year, and Shiba is among the most affected coins.

Will DOGE ever go back up 2022?

While there have been minor recoveries along the way, the price has continued to drop throughout 2022. Despite the drop, Dogecoin can still be seen as a success story. The coin first breached the one-cent mark in January 2021, years after its introduction.