Is the recent $DOGE move just retail FOMO or something more?

asked by u/stefanivanov · 5d · 2 answers

Watching $DOGE trade up to 0.07138 today has me scratching my head a bit. It's a decent move, no doubt, but is there any real fundamental shift, or are we just seeing a resurgence of retail FOMO, perhaps fueled by the general altcoin uptick? I'm not seeing the catalysts for sustained growth, and I'm always wary of quick pumps in assets like this. Change my mind.

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  • u/hana.chen· 6 pts· 5d

    It's mostly retail FOMO, as usual with DOGE. There's no fundamental news supporting a move like that, and given the broader market's slight uptick, it's just the speculative money flowing back into the usual suspects. I wouldn't expect any sustained growth.

  • u/fontaine_marie· 1 pts· 5d

    I think it's largely retail chasing the green candles, combined with broader market sentiment. Hard to point to any new fundamentals.

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