Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Dogecoin Forum => Topic started by: Btceth01 on May 04, 2021, 11:27:36 PM
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Dogecoin (DOGE) has been the poster child of altcoins for a very long time, particularly as it's been around since 2013, making it one of the oldest cryptocurrencies in existence. The inflationary meme-coin quickly became synonymous with wild price pumps due to its small nominal value and concentrated holdings.
Doge starts altseason by the way in case you've forgot.
— BIG DOG (@MoonOverlord) April 16, 2021
Such unprecedented short-term price rallies history caused some investors to use DOGE price as a leading indicator for an altcoin season.
But this probably does make some sense. After all, Dogecoin is nothing more than a meme-based coin. There has been no development activity over the past couple of years, and not that many of its users run a full node. Source (https://cryptonews.net/610868/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)