Dogelon Mars Update
Over the next month or so I plan to write series posts on Dogelon Mars as I believe this crypto seems to be one of the best cryptos to own at the moment in terms of ROI. Everything that I write are just my personal opinions and not financial advice.
Dogelon mars is beating all the expectations in terms of both upside and downside movements to extreme levels and this is happening quite frequently probably like at least once a week. So I would never recommend trading this crypto. Though some would say more volatility provides more opportunities for trading, but this move I believe is too extreme. Also, even if you sell, because of the current low liquidity, it would be really hard to buy back what you sell at the price that you want. The besting thing you can do is just hold and remain calm.
Also, as I have mentioned multiple times, my current target for Dogelon is $10 billion, but based on how this coin is moving, $10 billion now seems like a conservative target, $ 20 billion is more like a reasonable target, and $ 40+ billion would put it in a bubble territory.
While Dogelon may have no utility other than a nonprofit org trying to create a roadmap and future development plans, I think current volatility alone will be enough to attract more people to Dogelon. Having this level of volatility at a very consistent manner (making extremely moves every week) is more than enough to put it in a $ 10 billion market cap as currently I do not see any other coin that is replicating such move right now.
Yet, I do not recommend going all in into this coin as I could be completely wrong with my prediction on Dogelon. I personally think investing 5–10 % of your portfolio into Dogelon is a really good idea, though now it would be hard to accumulate a lot as the price is moving up again quite fast and the coin has some liquidity issue as it is not currently listed on major exchanges like Binance or Coinbase.
I anticipate Dogelon to reach ATH once again during next week and it will probably at least 2x from current ATH. I wouldn’t be surprised if Dogelon reaches ATH this week, but if it does, then I believe $40 billion market cap is very reachable. I am not sure if Binance is already preparing to list Dogelon, but during this month, I see Dogelon reaching quite a significant level of trading volume (a consistent $300+ million daily trading volume). Binance then will probably list Dogelon. So I anticipate Binance will list Dogelon this month, which will probably 2x again. So I see Dogelon at least doing 4x this month.