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$Dogecoin (DOGE.CC)$ no one's selling Dogecoin to a point th...
$Dogecoin (DOGE.CC)$ no one's selling Dogecoin to a point that keeps it flatlining for one week. This is some sort of bot or algorithm being used to keep the price from ebbing and flowing in any one direction because it's mathematically impossible for similar buys and sells to remain constant over an extended period. If true, who would stand to gain by keeping the price stagnant or below its true value?? We should be looking at .50 - .75, as Dogecoin hit .43 weeks ago when bitcoin was reached the 80's. Bitcoin now nearing 100K and Dogecoin can barely touch .40. In my opinion, this is price manipulation.
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Trump 2.0 Era: What's the next opportunity in the markets?
▪️Could Trump's crypto policies potentially benefit the crypto market? ▪️Might his tariff policies have a positive effect on Chinese stocks
Michael McCarthy CCO
Jan 3 11:57
Ask a strategist - Trump's first day
101696226 : Not sure if you know this, but there’s no cap on the supply of dogecoin and ~ 14 million dogecoins are issued every day, so there could be increasing in dogecoin buying to match with miners’ selling. Also, dogecoin is also a blockchain itself like BTC and ETH.
103753060 : Go to see the trade volume, tons selling
101696226 : Well, the price 3x in recent weeks, it’s normal for miners to sell and cash in their profits, reducing the selling pressure overall
CryptoNyte OP : again, it's mathematically impossible for any stock or commodity to have nearly equal buys and sells for an extended period of time. The volume has been consistent as well. With that being said, there are other meme coins that have exploded in the past couple of weeks. Dogecoin, being one of the most widely held cryptos in the market, has an extremely large and smart community. Most holders know it's current potential with this upcoming presidential administration and are waiting for this to moon. In my opinion, there are more hodl'ers than sellers; which should make the price rise.
CryptoNyte OP 101696226 : your figure above for minted Dogecoin is off by a factor of 10...which is extremely significant. 1.44 million new Dogecoins are minted and released to the public daily.
101696226 CryptoNyte OP : Not sure what do you mean by “mathematically impossible” or your intention behind the message. There’s no clear potential of any meme coins, including doge, and like I said the current price is quite lucrative especially for miners to sell, this won’t decline unless there are more miners joining (or other reasons) and reducing the incentives of selling.
101696226 101696226 : My figure is correct 14,000,000 not 1,400,000
CryptoNyte OP 101696226 : How Many Dogecoins Are There? - NerdWallet
I pulled my information from the article above. It appears to be incorrect. With that being said, the "potential" is unknown, but most holders are anticipating there to be an extreme price increase. Therefore, less selling by token holders. I agree there may be a lot of selling and this could be done by 1 or several whales. The fact that the buys are nearly the same, prompts one to think that there is something unnatural occurring.