Dogecoin. They call it a memecoin. I call it a symptom. A symptom of a world gone mad, chasing digital phantoms while the real hunger gnaws at the belly. Twenty-three billion dollars, they say itās worth. A sum that could feed a province, yet itās squandered onā¦this. š A dog, for heaven’s sake.
A full 67% less than it was a year ago, the beast stumbles downwards, another 2.4% ripped from its virtual hide just in the last rotation of the earth. The “market sentiment,” they call it. Bah! Sentiment is a fancy word for the fickle whims of those with more money than sense.
They murmur about āaccumulation phasesā and āon-chain activity.ā As if the clatter of digital coins can drown out the silence of empty pockets. AMBCrypto, these so-called experts, expect indicators to define its path. What path? The path to oblivion, perhaps?
No bubble at all
A ‘Bubble Risk Model’, they boast. As if a model can contain the madness of crowds! Itās muted, they say. Of course itās muted! The song of fools is never loud enough for those with ears to hear. Instead of a bursting bubble, they see “accumulation.” Accumulation of what? Hope? Delusion? š¤Ŗ
Active addresses spiking, they crow. 73,560 souls diligently clicking and swiping, chasingā¦air. Each one a tiny cog in the great machine of self-deception. It’s touching, really. Like watching lemmings organise a picnic.
Is demand actually increasing?
Demand, they ask? As if need is born of reason. The spot market, they claim, fuels the frenzy. Retail investors, blissfully unaware of the precipice looming before them, shoveling their meager savings into the digital maw. Three million dollars recently, fifty million this week…a mere flea bite on the carcass of the financial beast. Only 2% of the whole thing? Pathetic.
But the volumeā¦ah, the volume shrinks. The fervor cools. The whispers of doubt grow louder. A temporary respite, perhaps. Enough to lure a few more innocents into the trap. A rise to $0.14, they predict. I say, don’t count your dogs before they’reā¦ you know.
A strong selling barrier ahead
Fragile, they admit. A pullback inevitable. Eleven point seven two billion DOGE awaits at the $0.20 level – a wall of despair, a fortress of regret. The moment the hopeful throngs push too high, they’ll be met with a rush of sellers, eager to salvage what little remains. š°
A threat, they call it. I call it fate. The arc of every speculative bubble bends towards ruin. The same story, different digital trinket.
Final Thoughts
- DOGE bubble risk is easing…for now. The accumulation continues, along with the active addresses. Just don’t expect a miracle.
- Eleven billion DOGE? A daunting obstacle. The rallying cry will be stifled by those intent on cashing out. Prepare for disappointment.
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2025-12-06 08:17