Dogecoin price: DOGE ‘gold rush’ may still end in ‘catastrophic crash’, warns expert | City & Business | Finance
According to Coindesk, the token’s market cap is now greater than £35.5billion ($49.66billion) – greater than Tesco, greater than John Lewis, greater than Boots.
Billionaire Mark Cuban lately advised CNBC DOGE will discover its degree because the “supply and demand is undefeated”.
Mr Musk, in the meantime, tweeted about “Doge barking at the Moon” – a reference to a 1926 portray by Spanish artist Joan Miró and to dogecoin’s astounding positive factors.
But all of this success may be non permanent, based on Mohammad Uz-Zaman, International Private Client Wealth Manager at ADL Estate Planning.
The expert fears DOGE’s latest actions have largely been pushed by wild hypothesis and a chance for short-term positive factors.