Bitcoin Bull Mike Novogratz Compared Dogecoin to GameStop

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dealmaker

Bitcoin Bull Mike Novogratz Compared Dogecoin to GameStop – and Warned Buyers could ‘Lose Lots of Money’ (Business Insider)
The Dogecoin craze started as a joke, but so many people have invested in the cryptocurrency that serious cash is now on the line, Mike Novogratz told CNBC’s “Squawk Box” this week. “Dogecoin reminds me a lot of GameStop,” the Galaxy Digital CEO and founder said. “It was funny for a little bit, but now it’s at a market valuation where people are going to lose lots of money in Doge.”
 
Traders would compare Bitcoin and Dogecoin to Gamestop
because our main focus is on chart and
not fundamentals, not logic, not reasoning, not rationalizing.
 
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dealmaker said:
Bitcoin Bull Mike Novogratz Compared Dogecoin to GameStop – and Warned Buyers could ‘Lose Lots of Money’ (Business Insider)
The Dogecoin craze started as a joke, but so many people have invested in the cryptocurrency that serious cash is now on the line, Mike Novogratz told CNBC’s “Squawk Box” this week. “Dogecoin reminds me a lot of GameStop,” the Galaxy Digital CEO and founder said. “It was funny for a little bit, but now it’s at a market valuation where people are going to lose lots of money in Doge.”
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Boomer’s do not understand the way of the Zoomer.

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Elon Musk, Tesla CEO, recently crowned Dogecoin CEO in his own Twitter bio, has endorsed the Dogecoin cryptocurrency on Twitter, causing its value to reach incredible highs. Before the recent Musk-caused rally, the currency was trading at around $0.008 per token. The price has risen to up to $0.082, more than a ten times that amount. However, at time of writing the token is trading at around $0.05, so the hype has clearly died down a bit.
Dogecoin has managed to achieve an impressive market cap of over $10 billion, however – surpassing both XLM and BitcoinCash, and placing it at the coveted tenth spot in the ranking of the world’s most valuable crypto.
 
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