Why DOGECOIN PUMPS!! Signal For ALTSEASON?? 🧐

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– TIMESTAMPS –
0:00 Intro
2:08 Dogecoin History
4:04 What is Dogecoin?
5:01 How Does Dogecoin Work?
6:57 Litecoin Reliance
8:30 Dogecoin Ethereum Bridge
10:19 Dogecoin TikTok Pump
12:08 DOGE Pump & Dump Cycles
13:23 Dogecoin Whales
16:14 DOGE Potential in 2021
19:28 Final Thoughts

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⛓️ 🔗 Useful Links 🔗 ⛓️

► Doge Meme History: https://decrypt.co/40418/the-real-dogecoin-dog-is-recovering-from-vestibular-disease
► Why Jackson Palmer Left Dogecoin: https://www.vice.com/en/article/78xqxb/the-guy-who-ruined-dogecoin
► Stores That Accept Dogecoin: https://www.dogecoins.com/spend.php
► Merged Mining Explained: https://academy.binance.com/en/glossary/merged-mining
► Dogethereum Ethereum Bridge Status: https://blog.coinfabrik.com/dogethereum-state/
► Dogecoin Original TikTok Video: https://www.tiktok.com/foryou?lang=en#/@jamezg97/video/6844644996675554566
► Dogecoin Pump & Dump Cycles: https://www.youtube.com/watch?v=0lHVDceY4fI
► Dogecoin Whales List: https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

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⏲Dogecoin History⏲

It began as a joke in late 2013 by Jackson Palmer, an Australian software developer. On December 6th, 2013, the first block was mined on the Dogecoin blockchain. In early 2014, Markus left Dogecoin and handed over all development duties to Palmer. Palmer subsequently left Dogecoin in 2015.

🐶What is Dogecoin?🐶

Dogecoin was launched as an attempt to do away with some of the stigma surrounding cryptocurrencies, which were heavily associated with illegal activity on the dark web at the time. Although Dogecoin’s primary use case is for tipping users on Reddit and Twitter.

👨‍🏫How Does Dogecoin Work?👨‍🏫

Dogecoin is based off a proof of work cryptocurrency called Luckycoin which is a fork of Litecoin. Luckycoin had a randomized block reward of anywhere between 1 and 1 million tokens, which made it very unprofitable to mine. Dogecoin adopted a similar mining mechanism to purposely keep its price low. Dogecoin had no pre-mine, no ICO, nor any sort of external funding.

⛓Litecoin Reliance ⛓

The Dogecoin network is sustained by Litecoin miners at no additional cost. This is because Dogecoin uses a consensus mechanism called ‘Auxiliary Proof of Work’, which makes merged mining with Litecoin possible. If Litecoin fails, Dogecoin goes down with it, but so long as Litecoin exists, so too will Dogecoin.

💱Dogecoin Ethereum Bridge💱

It is believed that Ethereum founder Vitalik Buterin is the person who anonymously donated thousands of ETH to fund the development of an Ethereum-Dogecoin bridge in 2021. Unfortunately, this bridge was never built, apparently due to a lack of development funds. Thankfully, Ren is in the process of building a Dogecoin-Ethereum bridge.

🤑Dogecoin TikTok Pump🤑

On July 1st 2021, a TikTok user jamezg97 posted a video which explained that if everyone watching the video invested 25$ into Dogecoin, this would correspond to a payout of 10 000 dollars if the price of Dogecoin hit 1$. The video went viral, and the price pumping began, pushing DOGE from 0.0025$USD to 0.005$USD!

📈DOGE Pump & Dump Cycles📉

Dogecoin has had identical pump and dumps in the past, long before Elon Musk was crowned CEO of Dogecoin or TikTok was even a thing. There are many traders who have noticed this repetitive pattern in Dogecoin and have used it to their advantage.

🐳Dogecoin Whales 🐳

According to IntoTheBlock, 60% of Dogecoin’s supply is held by just a handful of wallet addresses, with the largest address holding nearly 18% of the entire supply. That’s over 200 million dollars’ worth of DOGE! These whales are likely Litecoin miners.

💸DOGE Potential in 2021💸

Dogecoin has a lot of potential and will likely surpass its previous all time high in 2021 because of its recognition, star power, and the fact that the whales holding most of the DOGE supply have created a predictable price cycle that gets people to FOMO in.

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#dogecoin #DOGE #crypto #bitcoin #review #tiktok #elonmusk

Why DOGECOIN PUMPS!! Signal For ALTSEASON?? 🧐

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Comment (43)

  1. So you think we are going to get our DOGE dumped ? when ? maybe an expected range of time according to your pattern ? why did Elon offered to buy the whales then ?

  2. Thanks brother for all you do for us. Your videos have more influence on the direction of Crypto and in particular Dogecoin, more than you can imagine… Today Elon Musk is sharing your concern of the whales, is there a hope to overcome this concentration?

  3. Dogecoin fan or not, you can't help it but really appreciate videos like this. It would be interesting to know if you had anything to add to your outlook on Dogecoin now that we are a month past this video and Dodge is now under 6 cent and continues to go down. But it seems from your analysis that the sudden pumps will continue to happen or are like to happen rather than the coin just duying out all together. Thanks for the video.

  4. Can i just ask out of curiosity why you always say "that you are not a financial advicer and that you dont tell people how to invest their money"? Im genuinly interested.

  5. Don't you think the holders of the 80% you're talking about aren't simply trading platforms like Kraken or Binance who hold the cryptos for their clients?

  6. I really have struggled understanding forex strategies and knowing the right entry point to make trades, and this led me to a lot of losses, there have been a change in the last 5 months because I have been earning consistent income with Mr Patrick Andrew, he's been churning out at least $13k from my account weekly. I'm a happy trader

  7. I am new to cryptocurrency. Can someone tell me how can the value go up if there is more than 127 billion coins out there. Offer demand logic contradict the rise of the price

  8. I'm amazed it did jump , it's not even that easy to buy , it's not on half the exchanges, I guess robinhoods easy to use layout got a lot of users , there is people who have trouble using robinhood….there is no way they could EVER figure out how to use a crypto exchange and the other 8 apps needed to track everything and cash out

  9. it has cost me 10k on 29.1. but nevertheless I bought in yesterday and strongly believe that the Doge will be 1$ worth by the end of the year!!! love and unison is their ultimate use case!!

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