DOGECOIN - WHERE WILL ALL THE VALUE FLOW?

So.. ‘Elon Musk’ went on Saturday Night Live.. and admitted DOGE coin is a hustle..

Any sensible person knows this.. but it still bombed the price.

So.. a lot of people sold.. I presume at a massive profit. They will be putting it into something.. the question is where.

I think the ‘profit takers’ will be the more savvy crypto people.. that just went in cos they knew the ‘dumb money’ would pile in.. and they made a quick buck.

So you have some savy investors… that like a risk… and have just taken a good profit.

I don’t see these ‘risk takers’ dropping the cash into bitcoin or ethereum…or even polkadot or chainlink… far too boring..

I also think these guys may realise the ‘meme coin’ boom cycle is coming to an end..

So I presume low cap gems could be the next trajectory for a cash boost.

Personally.. I could see ‘unibright’..’ocean protocol’…’synthetix’…‘Morpheus network’… ‘ren’… and even ‘nucypher’ getting a boost.

It will be interesting to see…

But this doesn’t look good for any currency..