So I keep hearing people saying look out for DOGE its a scam where they pump and dump, but honestly until I look at the actual chart, it looks nothing like a pump and dump. Especially if you compare it with WSB pump and dumps this looks nothing like it. As that will have a gigantic spike up and goes down back hard again, but if you look at the chart it does go up very fast, but doesn't go down hard and not really have a gigantic tall spike up and going down 80% at many said it does, it goes down a little, but sometime after the down it goes up and some it goes only slowly down.
Honestly it seem quite similar to a lot of other crypto that gets pumps and have a consolidation time before the next pump, however very noticeable there was a huge time gap between the previous pump. So looking at the chart I wouldn't say this is a pump and dump as the pump action does not really have an extreme dump with extreme wick downs of a whale dumping like WSB, these honeslty look similar to when a normal crypto have pumps.
You do need to be careful like any crytpo to learn when to buy in and especially not when it just had a huge pump. But it holds the price actually fairly stable and not really make huge up and down movements like BTC and goes fairly stable sideways when it is not being pumped.
Honestly it seem quite similar to a lot of other crypto that gets pumps and have a consolidation time before the next pump, however very noticeable there was a huge time gap between the previous pump. So looking at the chart I wouldn't say this is a pump and dump as the pump action does not really have an extreme dump with extreme wick downs of a whale dumping like WSB, these honeslty look similar to when a normal crypto have pumps.
You do need to be careful like any crytpo to learn when to buy in and especially not when it just had a huge pump. But it holds the price actually fairly stable and not really make huge up and down movements like BTC and goes fairly stable sideways when it is not being pumped.