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Dogecoin's Bitcoin-Beating Bounce May Be Bad News for the Market

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Historically, outsized gains in DOGE have signaled a broader sell-off in the cryptocurrency market. reports godbole17

) and bitcoin's 8% rise. Total market capitalization has increased by 10% to $808 billion, CoinDesk data show.

The discrepancy is significant because, historically, outsized gains in DOGE and other meme coins like shiba inu have portended a marketwide sell-off. "Every time that [the] price of DOGE starts rising rapidly, there's a market-wide crash following just moments later," blockchain analytics firm Santiment said in a market insights note."Right now, we are observing such a rise.

 

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godbole17 Phyrex_Ni 倪叔是否可以考虑把doge也纳入日常分析

godbole17 dogecoin

godbole17 Why

godbole17 Shit take. DOGE price spikes have consistently foreshadowed a broad Crypto decline... Because it's a shit coin. Risk assets rise more and rise last. They also collapse first and more. BTC is a flight to safety compared to DOGE.

godbole17 Bitcoin trying to gain in price.

godbole17 This was before elon acquired twitter. “This time it is different” 😅

godbole17 Does it mean time to sell everything?

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