Has Dogecoin been manipulated? What could happen next?
Dogecoin has been in the spotlight lately and after the big letdown on Doge Day many people may be selling the coin while thrifty investors are ready to buy at a lower price. Dogecoins' volume is set at 12 billion dollars. So why is Dogecoin struggling to go higher? Is there a major play going on behind the scenes, let's examine the possibilities of what may be going on with Dogecoin.
Many people on Reddit are reporting that there may be an account that is selling off shares of Dogecoin about 1 million shares every 15 minutes which is driving down the price of Dogecoin. The report also says that the account in question has somewhere in the range of 430 million in Dogecoin. They speculate if the account keeps selling off shares at this clip that they will be out of Doge by April 26. 2021. This move is speculated to cause many people to panic and sell of their Dogecoins. So, all eyes are certainly on Dogecoin as well as this particular account.
With all the mystery swirling around this account many in the crypto space still believe that Doge will rise to hit the $1 mark. They believe that a bullish rise is afoot, and shrewd investors will take full advantage of this play. As the entry point for investors that would find themselves out of the running to get in on Bitcoin, it is very accessible with Dogecoin. The price drop will eventually level off and the bullish momentum of this stock is poised to take center stage.In other news, the rumor that Elon Musk may be ready to accept Dogecoins for payment on some of his Tesla products would be the catalyst that could drive Dodge to the moon. So, what are your thoughts on Dogecoin are you completely confused or do you think 🤔 that Dogecoin will be a contender in the crypto space.
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