Bitcoin Forum

The pump of memecoins like DOGE or SHIB a couple of days ago was like another funny phenomenon in the stagnating crypto market. But now it seems to be no time for jokes. The fact is that this event once again marked the fall of the crypto market, and it seems that now it can be considered a full-fledged regularity.

Read full details on U.Today
https://u.today/dogecoin-doge-pump-once-again-indicates-collapse-of-crypto-market

I think there are 2 indicators, the first is that cryptocurrency will dump, and the second is that it will pump, not just dump,
do you remember how Doge experienced a high increase in 2021? yes it also indicates that the market is excited,
and after that other altcoins also pump, so it's not just about dumps.

Some predict that the meme has begun, and that there will come a time when we can make 100x to 1000x with this meme coin, or that we will lose everything. That means we are in a very risky position. But it all began with the launch of the dogechain. And this network makes memes into coins. And we already saw that there have been so many coins launched where some people make a profit, while most people lose everything. I will invest a little bit to check if I can survive with that trend . But I am not sure at all. And all of the effects occur only on Dogecoin.

I didn't know dogecoin pump and dump is the determine factor of the general crypto market,  I thought only btc has that power. How do you explain all the previous weeks of bear market? Was that because of dogecoin as well?
Despite what the analyst may say i don't think there is a connection, the market is already in bear market.

I think there are many people who think Dogecoin and Shiba inu has dethroned Ethereum in terms of usage well it's fast becoming the undisputed truth. Although I still don't own any Dogecoin yet I can not fail to admit it's a high flying Alt-coin and even in this poor market it has been strong in this situation. I still believe that Elon musk gave it and it's like the boost and they also worked on it to get to this stage.

Put the article here. I don't like visiting random links  ::)

No it's not.

Do you have any idea how huge ethereum is in terms of usage, or you are just doing guess work?
It's funny because one of the tokens you mentioned (SHIBA INU) is an ERC20token on Ethereum blockchain  ;D

After all, Dogecoin is a memecoin but it became popular when many people are using it. Crypto are like that where there is a possibility that it will dump or pump. Some whales are the cause of that and as far as I can tell, the price of dogecoin within 24h decreased about 11.55% from its price before. It's just an indication that it may pump or dump of the price but the truth is we can't predict the price of cryptocurrency.

I think if you look at meme coins now You will find out they are everywhere on the top coins list and mostly or independently the can just pump on their own news like the recent pump doge coin had due to dogechain People are actually using meme smart contract to create more memes and we are actually in a bear market

The market is really doing good in the last week or so, Bitcoin reaching $25k and then Ethereum at $1900. So for sure, it has a trickle even on DOGE and SHIB and then the usual suspects, pumpers going to work and uses. these two as their vehicles to make money by pumping it early and then waiting for the whole crypto market to catch up, unsuspecting noobs joining, and maybe they think they can make a quick buck out of it. But then again, massive sell-off, DOGE for example is down -12% already. So this is going to repeat itself again and again.

I think the pump and dump of a meme coin like doge doesn't mean there is a bullrun or a bear market, in 2021 the price of doge will skyrocket following the bullrun, I don't think the pump is a meme coin that is a sign that there will be a crash in the market.

Since when people are taking meme coin as an indicator to determine the pump. The football token was even doing the opposite thing. I think that it's a wrong thing. The bearish trend can't be determined. Doge was getting pumped due to the some reasons along with shiba inu as well with its burn mechanism. I think that must not become a reason why that article was taking doge as an indicator to signal for bearish trend

Of course, Dogecoin, with its capitalization of $9 billion, cannot significantly influence the prices of other cryptocurrencies in this market. Prices can be influenced by such giants as bitcoin with a capitalization of $405 billion and partially ethereum with a capitalization of $200 billion. The price of dogecoin may change slightly under the influence of Musk's tweets, but we can hardly expect a similar surge in its price again, like last year.

I can't even believe doge coin as an indicator. It seems like that if there are some parties who are randomly predicting about that. There was no research about that as well. It's pure luck. Sometime it can happen but it doesn't mean if the whales will be dumping once doge got pumped. It was also getting dumped right now. That proves that doge was not strong enough to give huge impact to the market.

Common folks the crypto market always behaving like that, I am not surprised because cryptocurrencies are very speculative in nature, and artificially react to every situation that was happening around involving the crypto industry so I guess some are just overreacting about it. IMO, I think the reason why Dogecoin and Shiba Inu are rallying artificially is because of the intervention of the whales who pumped it nothing more nothing less. don't think much it's just a normal market price correction.

I know what you're doing is probably part of your job or your actual job. But every time that there's a pump whether be it on meme coins or not, there's always a publication that you guys are doing.

And now that the market is embracing a sudden dump.

I guess that you're going to make another content and news that the market has dumped so quick after all of these pumps that has happened for the entire market.

Well, let's say that it's on you and that indicator you've said worked as we've seen the dump on the market but I wouldn't say that it's collapsed. That's too much to say.

before the Bitcoin price fell, indeed the price of Memecoin jumped by tens of percent,
for example Shiba jumped to 40%, and doge 20%, now after the pump, it's true what the OP said,
Bitcoin and altcoin prices fell sharply, even SHIB fell by 40% too, very scary, and this is exactly what happened

meme smartcontract? this is my first time to hear that and i thought that it never exist lol. meme token developers were always using mainstream smartcontract like binance smartchain. I thought that there's no meme smartcontract.
I guess if you are drunk or something like that. Can you mention the link please? im a big curious about what you have called that as a meme smartcontract.
This is my first time to hear that lol. It seems like that you are mentioning wrong smartcontract

maybe  you are right .but it is  better not to  predict market by pumping and dumping that kind of  shitcoins. they are waiting for  a tiny reason to  pump or  dump. those shitcoins are community driven tokens at all. if  holders want they will pump it  or dump it.

I don't think there is anything wrong with the memecoin market like doge, if it really makes the market crash it should have been since the doge touched $1 it has already collapsed, we should realize that right now the market hasn't really come out of the bear market so be patient to buy more when it's cheap when it's this, I believe the crypto market will recover

Just a coincidence, if believing in a crypto price crash marked by a rising memecoin before it happens is an imprecise conclusion, although often happens but not a fact that always must be a true. Some possibilities such as whales taking profits after playing on meme coin, and selling their bite of Bitcoin so that the decline also occurs in other altcoins. This is just profit taking, not an always indication collapse of crypto market.

Memecoins are not reliable coins. I also agree that there was a fake operation when they took the pump, but we should not attribute the whole market's action to their actions. We should evaluate the direction of the cryptocurrency market on more objective technical indicators. As an example, we can use classical indicators or money flow diagrams for this...

If you knew how many coincidences there are in the world, you would be surprised.  Bitcoin's chart has been correlated with so many things before, including stocks and all sorts of weird things.  Just because DOGE pumped before a 'collapse' does not make it an indicator at all.  DOGE has pumped before during bull runs and that was not the end of the run.  Even the best algorithms failed so far, and I think S2F is included now in the list of failures as well?

-
Regards,
PrivacyG

Funny how the article made Dogecoin and Shib as the center of Crypto Market.  Honestly, I don't care how many times they pump and dump those memecoins since they are not the representation of the whole cryptocurrency market and they don't affect the ecosystem of other cryptocurrencies. The article is a personal view of the author and shouldn't be taken seriously as a fact.

Meme coins are useless.  I take no sign from memecoin pumps or dumps.   The peoe who actually rely on meme coins for profit or determine market stability and or influence with meme coin moves deserve to lose theor money.  It was a fad that's all.  In the end 99% of them will forever be forgotten.

And I'm thinking that they are subliminally sending some message for their readers to invest on those meme coins. And I agree that this is just a coincidence and we shouldn't treat this as like a good indication of what is going to happen next in the crypto market because they don't have any bearing. Bitcoin is still what we call prime movers to it calls everything. And so when it tanks, all crypto goes down very hard. But when it is on a massive bull run, everything is uplifted including meme coins. And just to reiterate, these are probably the works of some pump and dump group.

You are right. Let me add the fact that dogecoin future could be predictable and from my own perspective looks good.From all indications, it should bounce back to have greater value than what was recorded in 2021.

I also think this is just a coincidence, but this has happened a few times in the past. When we were going through bear season suddenly memecoins pumped up and then the market dumped a few days later. In the past few days we have witnessed the strong development of shiba and doge, especially the dogechain blockchain that has created a wave of Fomo in the past few days.
It was not a forecast for the market but somehow it happened.

I'd see no reason for this pump but I don't think as well that this will be an indication of the market collapse. The article is just spreading wrong information and is likely just made to create panic. And for doubters, this is absolutely worrying information with them thinking all the way to negative. Are we really heading down? No, in fact, we have been in a market crisis before more than this and crypto still survives, and besides, it is growing. This Dogecoin and Shiba Inu are no way to make it.

We can't underestimate the hands of the Pump and Dump groups, they are going to obviously have their footprints in this two, Dogecoin and Shiba Inu because it is still one of the hottest meme coins that we have even in a bear market.

As for the whole market going down, it has somewhat stop, we are back to the $1 trillion market cap again so a good indication that the recovery or at least bitcoin going to $25k and ETH to $1,900 again.

I'm not so sure doge & shiba can pump back, there are many things that can be considered and seen why doge and shiba are not the target of investors at this time, even though it happens it won't happen to both types of memes.

This is not true at all, how can 2 memes cause a market crash? The market capitalization of these 2 coins seems to be at only 15 billion compared to the market capitalization of more than 1,000 billion, too small to put pressure on the market. This is just a coincidence and the article took advantage of this opportunity to spread untrue information. Use indicators on the market, news related to the world economy are the factors that clearly affect the market.

DOGE and SHIBA, memes that have hope, a lot has been discussed about these two types of memes in various media, I'm sure if investors are aiming back at the two coins, pump expectations are bigger than what happened before, need in-depth analysis to see the next action.

Yes, it's true that only bitcoin can affect the price of other coins on the market and if we look so far when the price of bitcoin has fallen it will usually make almost all coins on the market will also follow the movement of bitcoin too, I don't think that currently the coin meme is the determining factor of the market price because if that happens then the market will always crash following the price of the coin meme.

I believe that it is just a surprise and coincidence and not what it is generally. People could of course try their best to make a connection and I do not care about it for sure. I am not saying that it is impossible to have any connection between the two, but it is unlikely for sure.

This is just what I believe, maybe we do have a connection but to me "when doge and shiba pumps, it will be followed by crypto market crashing" doesn't really sound like a reasonable or logical thing. Maybe there is a good logic behind it that someone can explain to me but I feel like there isn't one and I can't see any logic behind it so I prefer not to believe this at all.