Crypto News: DOGE is moving, but buy with caution. Predictions...
On the news that a deal had been struck between Elon Musk and Twitter, DOGE (a "meme" coin with no real intrinsic value other than its connection to the billionaire) jumped over 18%. I picked up a little at $.15 last night, and it's now at $.16. Where will it go from here? Predictions...
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.
I'm sure many of you are watching DOGE coin with great interest, especially after its 18% rally yesterday. I moved in cautiously myself with a small investment before I went to bed, catching an average of around $.15 cents or so, and believing that it will crawl steadily higher through the weekend with no major pullbacks.
My personal target is around the $.80 range within the next two weeks (I'm not making any promises or giving any advice, this is my opinion only), but I am ever cautious of my predictions for a big market dump in mid- to late-May and into June. So, be sure to take your profits, and use your own common sense and intuition as to how soon to sell this when you see the momentum slowing down.
Check out yesterday's prediction for an idea as to how this volatile crypto will pump and dump, and remember that ultimately, I believe that Musk and Twitter will NOT get their way in terms of really rolling this meme coin out the way that they'd like. Still, there's no harm in having a little fun with spare cash which you can use to pay down debt, or simply roll into more secure investments and savings. Remember to invest at your own risk, and by all means, don't go "all in" on anything!