Dogecoin is a meme coin but its market cap and its price has been pretty good. The last couple of days have been very good for the coin where we have seen a significant price appreciation with this coin which is known as meme coin but the growth has been crazy. It has grown by over 100 per cent in the last seven days and in fact, if we go by the precise numbers then it is 145%. I'm sure that this is not a small number and if you go by the number in the market then you will figure out that this is unbelievable growth which has happened in just seven days.
This kind of growth is crazy and this is what makes the crypto market a place where people make a lot of money provided they have passions and holding power which requires them to be in the market for the long term. Things can be great provided we have enough patience that is required else it would not be easy to make money because prices are quite volatile in the Crypto market.
The Dogecoin is a meme coin that I already mentioned and there is no token utility as well but it is because the Tesla founder is behind these coins so it has got more attention in the market. Certainly, it is good but I hope it gets even better. I invested some amount when the price was 15 cents, so there is some profit and its not bad I would say however I am still figuring out if this is the right time to book some profit or just take out the capital first for I think upholding more.
I think it is a good strategy to book some profit at the right time and this should be done at least for the capital money that we have invested then it can be the time to hold for some more time because this can turn out to be more profitable if the market continues to increase however it is also important to take the seed money out and there is no risk on that.
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