Much like last-minute defrosting a turkey in a microwave, it takes time for overly loose monetary policy to overheat an economy.
Meanwhile their cousins, meme coins, are also showing green shoots.
And though prices at the pump remain stubbornly high, the Fed is adopting a conspicuous “wait-and-see” approach instead of deploying the big guns.
The coin is one of the few cryptocurrencies available on Robinhood, and a single Elon Musk tweet would be enough to start a stampede of fresh money.
Earlier this year, the project’s backers announced plans for a metaverse and a play-to-earn game.
Last May, I warned that the popular SafeMoon coin was a “hustle.” Despite its legion of social media fans, the Binance token had telltale signs of self-dealing, centralized control, and plagiarized code.
Meanwhile, Luke Lango and Charlie Shrem have also been busy in the crypto world.
When there are few buyers and even fewer sellers, you can end up with prices that defy layman’s logic.
Today, Dogecoin sellers seem happy to cash out whenever prices rise above 15 cents, as indicated by spiking volumes on March 24 and 27.
Eventually, the market could run out of motivated sellers, even if temporarily.
He recommended Dogecoin before it skyrocketed over 8,000%, Ripple before it flew up more than 480% and Cardano before it soared 460%.
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