DogeCoin, Ripple and SafeMoon Will Cause A Market Correction Soon

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DogeCoin, Ripple and SafeMoon Will Cause A Market Correction Soon

Watch Dogecoin (DOGE) Video: DogeCoin, Ripple and SafeMoon Will Cause A Market Correction Soon. It’s the day of the doge. At least, that’s how proponents of dogecoin have deemed April 20.

Staunch supporters of dogecoin, which was created as a parody coin, a lighthearted rival to bitcoin, are aiming to push the value of the surging crypto to $1 on Tuesday, which has come to be known as “Doge day.”

It isn’t lost on the supporters of dogecoin that April 20 is the national holiday for marijuana fans. The number 420 had become popular at Grateful Dead concerts after a group of high-school students and now dogecoin fanatics have adopted the day for the virtual currency that has skyrocketed in value on the back of retail investor enthusiasm for the asset that is seen as having a limited utility compared to bitcoin BTCUSD, -1.44% and Ethereum’s Ether ETHUSD, 0.41%.

Dogecoin’s recent rise has been on the back of individual investors gathering on social media platforms like Reddit and Discord as well as Twitter to support and propel its price to record heights.

Dogecoin has rocketed more than 8,038% so far this year, CoinDesk data show, briefly hitting a 24-hour high at around 42 cents and taking its market value near $50 billion, minting a number of millionaires on paper. By comparison, gold futures GC00, 0.13% are down over 6% so far this year, the Dow Jones Industrial Average DJIA, -0.75% and the S&P 500 index SPX, -0.68% are both up over 10% in 2021, while the Nasdaq Composite Index COMP, -0.92% is up 7.5%.

In fact, $1,000 invested in dogecoin at the start of the year would be worth over $68,500, based on MarketWatch’s calculation of a starting price of 0.005405 cent for dogecoin at the start of 2021 and a roughly 37 cent trading price now.

These eye-popping gains aren’t satisfying the most dyed-in-the-wool supporters of the crypto. On Reddit’s popular SatoshiStreetBets chat forum, some have been expressing a desire to push dogecoins value to $1, when it was just 9 cents just a week ago.

Dogecoin fans on social media are using hashtags #DogeDay and #Doge420 to promote the day for the crypto, the New York Times reports.

***Excerpt from Market Watch***

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

Bitcoin and other crypto news, prices and info. Ripple XRP & DOGECOIN MARKET MANIPULATION! | Charles Hoskinson. Dogecoin News: is SAFEMOON the next Doge, WeBull to get Dogecoin to $1?. CRYPTO NEWS - Market Correction, Bullish Altcoins, Huge Events Coming. Stock Market Live - BTC, BITCOIN CRASH Or Correction? BlackRock Crypto Exposure?! SPY, DOW, NASDAQ. Dogecoin & Safemoon!!! Lets Talk About it. Ripple XRP MAJOR NEWS For Holders!!! Safemoon Tutorial included!. SAFEMOON BIG UPDATE!!! THE ONLY SAFEMOON PRICE CHART YOU NEED TO SEE BEFORE YOU BUY!. Safemoon PUMPING! Dogecoin CRASHING! Which Altcoin is better?!. Ripple XRP: What Is In The Cards For XRP Short Term During BTC’s Correction Down?. DOGECOIN PREDICTION & SAFEMOON ANALYSIS - AMC, GME, PLTR, CCIV, NIO STOCKS. Ripple XRP WARNING!!! MAJOR CORRECTION COMING! | Mark Cuban. Dogecoin Day | Former Lead Regulators Join Crypto Companies | WeWork | Venmo | Safemoon | More News!.

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