Dogecoin army’s campaign to drive crypto to $1 was a bust — so why are the bulls feeling vindicated?

MarketWatch2021-04-22

It was a dollar or bust for the dogecoin community on Wednesday — and now it seems that dogecoin fanatics have been left with only the bust. However, a failed attempt at producing an epic rally in ...

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精彩评论

CW8
2021-04-22
CW8
It's hard for doge to hit that high unless there's enough demand to counter the 10000 new coins a day
meowmeowme
2021-04-22
meowmeowme
It's too hard to follow the craze...
DivineP
2021-04-22
DivineP
Interesting
NanOo
2021-04-22
NanOo
Dogecion.. will rise again..
- Chriz:
  gogogo
riphunter
2021-04-22
riphunter
Lol its still up 500% from a few weeks back. This article is a bust
Bull_Lion
2021-04-22
Bull_Lion
It’s actual name is Dog eCoin. And from economics, we know that dogs aren’t good investments 😂

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However, a failed attempt at producing an epic rally in ...</p>\n\n<a href=\"https://www.marketwatch.com/story/dogecoin-armys-campaign-to-drive-crypto-to-1-was-a-bustso-why-do-bulls-still-feel-vindicated-11619024046?mod=home-page\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.marketwatch.com/story/dogecoin-armys-campaign-to-drive-crypto-to-1-was-a-bustso-why-do-bulls-still-feel-vindicated-11619024046?mod=home-page","article_id":"1107502469","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107502469","pubTimestamp":1619060186,"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"It was a dollar or bust for the dogecoin community on Wednesday — and now it seems that dogecoin fan","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Dogecoin军队将crypto推高到1美元的运动是失败的--那么为什么多头觉得自己是正确的呢？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"It was a dollar or bust for the dogecoin community on Wednesday — and now it seems that dogecoin fanatics have been left with only the bust. However, a failed attempt at producing an epic rally in doge doesn’t seem to have deflated the staunchest supporters of the parody coin.\nA social-media initiative to drive dogecoin to the $1 level for the first time ended the way it was most likely to, according to skeptics.\nDogecoinDOGEUSD,-5.25%was last changing hands on CoinDesk at about 31 cents on Wednesday, down 15% on the day, and off more than 30% from a peak of 45.05 cents put in on April 16.\nWednesday’s trading action comes after Tuesday’s campaign fell about 70 cents shy of its ambitious goal. Dogecoin fans on social sites Reddit and Discord, using hashtags #DogeDay and #Doge420, aimed to promote the day for the crypto as “Doge Day,” in an effort to help propel the surging crypto into the stratosphere, adding to the asset’s already spectacular gains of 2021.\nIndeed, dogecoin owners have enjoyed a parabolic surge in the so-called meme asset that was engineered back in 2013 as a lighthearted riff on the bitcoinBTCUSD,-2.17%phenomenon. It is up around 6,500% so far this year. By comparison, gold futuresGC00,+0.04%are down some 5.5% in 2021, while the Dow Jones Industrial AverageDJIA,+0.93%and the S&P 500SPX,+0.93%are both up by around 11%.\nPut another way, $1,000 invested in dogecoin at the start of the year would be worth over $57,000, based on MarketWatch’s calculation of a starting price of 0.005405 cent for dogecoin and a roughly 31 cent trading price now.\nStill, fans of dogecoin have ignored warnings from skeptics who point to the dangers of investing in an asset that doesn’t boast the utility or “store of value” concepts linked to bitcoin and Ethereum’s EtherETHUSD,+0.34%.\nOn Redditor using the handle EthereumDreamexplained why dogecoinisn’t considered to be in the same league as Ether or bitcoin:\n\n Bitcoin has a supply limit. No coins can ever be added above 21 million, so it is considered a good store of value. Unlike Bitcoin, Dogecoin is inflationary and has no supply limit. Each minute, 10,000 Doge is added into the network. At this rate, miners add more than 5 billion coins per year.\n\nOn Reddit’s r/dogecoin chat forum, meanwhile, bullish investors were still touting the fact that the crypto was trading at 30 cents, compared with less than a penny at the start of 2021.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":376314515,"gmtCreate":1619089328937,"gmtModify":1634288661928,"author":{"id":"3578367364626693","authorId":"3578367364626693","name":"CW8","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578367364626693","authorIdStr":"3578367364626693"},"htmlText":"It's hard for doge to hit that high unless there's enough demand to counter the 10000 new coins a day&nbsp;","listText":"It's hard for doge to hit that high unless there's enough demand to counter the 10000 new coins a day&nbsp;","text":"It's hard for doge to hit that high unless there's enough demand to counter the 10000 new coins a day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376314515","repostId":1107502469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":376070864,"gmtCreate":1619074958358,"gmtModify":1634288741652,"author":{"id":"3572057948118382","authorId":"3572057948118382","name":"meowmeowme","avatar":"https://static.tigerbbs.com/ff35c63639130db9306c87ac66c94640","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3572057948118382","authorIdStr":"3572057948118382"},"htmlText":"It's too hard to follow the craze...","listText":"It's too hard to follow the craze...","text":"It's too hard to follow the craze...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376070864","repostId":1107502469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":376023246,"gmtCreate":1619072015985,"gmtModify":1634288755394,"author":{"id":"3582019838357097","authorId":"3582019838357097","name":"DivineP","avatar":"https://static.tigerbbs.com/923911c274ace1fe0a88b641c53b15f8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582019838357097","authorIdStr":"3582019838357097"},"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376023246","repostId":1107502469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":376066062,"gmtCreate":1619071374256,"gmtModify":1634288760436,"author":{"id":"3552212780175300","authorId":"3552212780175300","name":"NanOo","avatar":"https://static.tigerbbs.com/82b046b3affde9b82c0ef3e72438182c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3552212780175300","authorIdStr":"3552212780175300"},"htmlText":"Dogecion.. will rise again..&nbsp;","listText":"Dogecion.. will rise again..&nbsp;","text":"Dogecion.. will rise again..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/376066062","repostId":1107502469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4102449,"gmtCreate":1619085186692,"gmtModify":1635513967195,"authorId":3561335246727315,"author":{"id":3561335246727315,"idStr":"3561335246727315","authorId":3561335246727315,"name":"Chriz","avatar":"https://static.tigerbbs.com/8c393b32112334e204b0590fb83bbc7d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":376066062,"type":1,"supId":0,"prevId":0,"content":"<u>gogogo</u>","text":"<u>gogogo</u>","html":"<u>gogogo</u>"}],"langContent":"EN"},{"id":376081620,"gmtCreate":1619069718860,"gmtModify":1634288767806,"author":{"id":"3551760888969730","authorId":"3551760888969730","name":"riphunter","avatar":"https://static.tigerbbs.com/689b0f6d19e195ef8a82e6d88496149d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3551760888969730","authorIdStr":"3551760888969730"},"htmlText":"Lol its still up 500% from a few weeks back. This article is a bust","listText":"Lol its still up 500% from a few weeks back. This article is a bust","text":"Lol its still up 500% from a few weeks back. This article is a bust","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376081620","repostId":1107502469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":376037678,"gmtCreate":1619068671694,"gmtModify":1634288776033,"author":{"id":"3573540190522229","authorId":"3573540190522229","name":"Bull_Lion","avatar":"https://static.tigerbbs.com/97c7d011186160cd333508e7d9191f74","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3573540190522229","authorIdStr":"3573540190522229"},"htmlText":"It’s actual name is Dog eCoin. And from economics, we know that dogs aren’t good investments 😂","listText":"It’s actual name is Dog eCoin. And from economics, we know that dogs aren’t good investments 😂","text":"It’s actual name is Dog eCoin. And from economics, we know that dogs aren’t good investments 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376037678","repostId":1107502469,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":86,"commentSize":36,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1107502469"}