In keeping with the cryptocurrency theme, today I’m discussing one of the hottest names out there… a crypto that literally began as a joke and has a name I’m not even sure how to pronounce — Dogecoin!
Everyone who follows crypto wants to know why Dogecoin is going up, especially since, as I said, it started off as a joke way back in 2013. But it’s caught fire, so here we are talking about it alongside the likes of the two real big dogs, Bitcoin and Ethereum.
If you looked at Twitter on Tuesday, you would have seen the hashtag #doge420 trending nationally all afternoon. It’s the crypto equivalent of GameStop’s rise as a “meme stock” this year.
What's behind the Dogecoin frenzy?@KritiGuptaNews: "A 400% rally. That's crazy."@kgreifeld: "There's no glory in saying 'I own 1/100th of a Bitcoin' whereas you could own like 4,000 Dogecoin."— Bloomberg Quicktake (@Quicktake) April 20, 2021
Watch more ➡️https://t.co/hzqBF2PL8p pic.twitter.com/skGj7aO2Ji
It traded for a fraction of a penny for many years, but now everyone wants to know why Dogecoin is going up… And it all started this year in January.
As you can see from this Coinbase chart, once it got going it just blasted off. It’s around 34 cents a coin now, up 87,150.96%…
Yes, you read that correctly: It’s up 87,150.96%!
That’s… a lot… In the past week alone, it’s up 455%. So what is it, and why is Dogecoin going up?
So after it started as a joke, market movers like Tesla CEO Elon Musk, Dallas Mavericks owner Mark Cuban and a few other big names started tweeting about it.
Bought some Dogecoin for lil X, so he can be a toddler hodler— Elon Musk (@elonmusk) February 10, 2021
So it started as a joke but it’s not a mainstream phenomenon… It’s even been on the front page of CNBC.com and had the second- and third-most read stories on the site Friday. Needless to say, it has taken on a life of its own.
So what does it all mean, and how do you protect yourself from getting caught up in the mania?
Check out my short video for the full story on why Dogecoin is going up… and what I see next for this meme crypto.
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There’s a new stock market quirk Future of Wealth Head Trader Lance Ippolito likes to call a “blockbuster breakout date.”
And he says these dates are only tied to a certain group of stocks in an explosive part of the health care sector.
That’s probably why most people don’t think to trade them.
But the small band of traders who’ve been trading these “blockbuster dates” with Lance have already had the chance to cash in on some powerful winners…
I’m talking about gains like 115% on TEVA… 175% on BHC… and even 210% on CRMD!
So now Lance wants to show everyday traders how these explosive dates work, and how anyone can start targeting biotech stocks like these today.