APE (Apecoin) is dumping. DOGE is hanging in there. Crypto prediction updates.
As predicted, APE is now dumping, despite a quick peek above the $20 mark last week. Meanwhile, DOGE is, quite amazingly, holding strong between the $.13-$.15 range. What's next? More below...
Please note that the following is not intended to be financial advice! It is merely my own 'prediction' or opinion of the potential price movements in the crypto market, and should be taken as entertainment purposes only. Be sure that you never invest any money that you can't afford to lose, and apply sensible, dollar cost averaging techniques to minimize losses.
It was oh-so tempting to "ape in" when APE broke $20, but as I warned in the previous post, it was not going to continue its run, despite an ever-so-brief moment above that range. A friend of mine who is a very good technical analyst was watching his own APE investment closely, hoping for that next bump up to the $30 range, but alas, I believe that ship has sailed (for now), and, as far as I'm concerned, he missed an opportunity to lock in profits. As every single one of you knows, it's always best to take profits, and not get caught up into the "to the moon" fantasies.
If you actually got caught up in the 'fomo' despite my warning, no worries as it should rise again sometime in the late-June to August timeframes. I've got it on my own watchlist for that timeframe, so will most certainly give updates to this community.
For now, don't be surprise if it continues to drop down to the $14 range (possibly lower!). Ouch. If you're holding a big bag, you might consider dollar cost averaging at those lows. And, while I can't guarantee any kind of profits (this is not financial advise by any means), this is always the best common sense strategy, especially when it comes to crypto.
Regarding DOGE: I myself got caught up in the fomo surrounding DOGE around $.15, but by now, I know better than to go 'all in' on these meme coins, and actively use dollar cost averaging techniques to minimize loses, and maximize gains. Still, DOGE does have a strong following, and just one small mention for Elon Musk, will most likely push the coin up. It is possible that within the next 2-3 weeks, Musk could light a small fire under the coin with a simple Tweet. However, don't expect any 'to the moon' activity quite yet. Be sure to take your profits when you see them, and wait out the market drop that has a high probability of occuring (according to my own estimations, and those of some of my favorite analysts) in late May and even into June.
I'll post more updates on DOGE as we move along because I do see some significant upward movements as I outlined in a previous post. In the meantime, I'm starting to look at investments that could really move this year and next. They include Sandbox (SAND), currently available on Gemini, and also Uniswap (UNI), among several others. Of course I am not buying these now (they're dumping, so lows are not in yet) but simply watching them.