Doge Jus' Chillin... But Not For Long

4 thg 2, 2022

The main "meat" of this post is found within the related ideas, but for this post I would like to speak about Doge's market value at the price of $28. At the price of $28, Doge will have a market value of $3.7 T, whereas a 250k Bitcoin, which will be the lowest possible bull top price, will have a market value of $4.7 T; if Bitcoin pushes to 300k, then its market value would be $5.7 T. All that matters is that Doge does not surpass the market value of Bitcoin because Bitcoin is the fundamental store of value for each and every single cryptocurrency. If Bitcoin has no value, then neither will any other cryptocurrency. If Bitcoin were to be priced at infinity, then so would each and every single cryptocurrency... this is just how it works. Besides my above point, the Stochastic RSI for Doge is primed for eruption! As always, the cryptocurrency market could fall off of Mt. Everest as soon as I post this or a month from now, but I do not see this outcome as anywhere near most likely. Also, at the very least, I am just expecting Doge to tag somewhere from the 1.618 to 2 with respect to the Fibonacci retracement.

Here is the still image of my chart since the interactive chart displaces my analysis a bit: