Dogecoin is soaring today, reaching new all-time highs both in dollar terms and also relative to Bitcoin.
Its rise is very similar to GameStop, both on a superficial level and on a deeper, structural level. On a superficial level, you know, Dogecoin is the original memecoin. And GameStop was the original memestock. And both are fun to talk about and laugh about. And people find buying them both to be fun. Everyone likes to be in on the joke and that makes the price go up. Pretty obvious.
As predicted yesterday, Ethereum broke the $3,500 target price.
James Richardson successfully shorted the 2008 market crash and is a Co-Founder of anytradefx.com. Widely known as a leading foreign exchange expert, James has more than two decades of financial market experience.
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