$1 for Doge is easily possible in this market. It is already at $0.50 and has held its fourth and on coinmarketcap despite undergoing a big correction. However, some new dog meme coins are there to compete with it.
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A mix of both trading and investing can be very profitable. Trading the hot coin pumps and spikes while hodling the good top ranked coins for longer term can be a good strategy.
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ETH $5K is not too far away at this rate of rise. It could even go near $8-10K over next couple of months so good to just hodl and wait.
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It seems SNL was the classic sell the news event for Doge. It is going to be in correction for some time while the crowd is chasing newer dog coins like Akita and Shiba.
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BSC is more centralized than Ethereum. Also, it has lot fewer projects on its platform compared to Ethereum. Apart from high gas fees, Ethereum remains the better choice.
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Doge coin is on a large number of both big and small exchanges so binance is not any important factor for it. Billionaires like Elon Musk, Mark Cuban and other celebrities are driving its rise in popularity.
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DOGE coin has had a big run up so a good sized correction cannot be ruled out. However, its popularity is going to remain high so my guess is that it should bottom out between $0.2 to $0.3 if it goes that low.
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Most good old coin projects with great teams and backing should hit new highs eventually. Justin Sun is a smart person so will get TRX higher with the market.
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Shorting requires perfect timing and trading skills. Shorting a highly volatile crypto market that is bullish is a recipe for financial disaster. Taking profits on big price spikes is ok though.
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Read an article on Cointelegraph.com that has some fund manager mentioning very high price targets for Ethereum. Nobody knows for sure how high Ethereum will go but it is a great buy and hold while the bull market runs.
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The only major factor holding Ripple is the SEC lawsuit. Once it is settled, Ripple will start going up to its old highs and beyond fast. Hopefully it is going to happen soon.
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BTC has not peaked by any means. Its rise has been mild so far and it should go near $100K at least. Alts outperforming BTC is a great sign for the best phase of the crypto bull market.
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This bull market is just getting warmed up so its peak is some months away at least. It may play like 2017-18 or could be somewhat different this time due to a large number of institutions and big players in the market. The mania stage when all kind of junk coins will be running up 10-20x is when it will be closer to a peak.
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I think investors are grabbing any coin that looks cheap. ETC was very cheap compared to ETH so it got the pump to get a better valuation. Many bitcoin forks have pumped nicely for similar reasons too.
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Trading on ETH network is not worthwhile for small trades due to high gas fees. Gas prices are lower in the evening and on weekends. Watch coinmarketcap.com topmost line for low gas price before trading your USDT.
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Both these are good projects for the long term so it will be better to invest in both. Nobody knows for sure which one is going to perform better than the other.
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XRP meeting with SEC is today. Any kind of settlement or positive development regarding the lawsuit should launch it upwards nicely. XRP price going up into the meeting is bullish.
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Crypto market is very bullish so Ethereum is likely to go over $5K over next one or two months going into the BIP 1559 fork of July 2021 so just hodl.
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May 8 SNL is coming and Elon Musk could expose millions of new people to Doge by doing some new PR stunt. At this rate, Doge could reach $1 sometime this month.
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Crypto market has these cycles all the time where sometimes bitcoin is performing better while other times Ethereum and altcoins are outperforming it. Bitcoin dominance going down is the best phase of crypto bull market.
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