$25 billion dogecoin whale ready to bring dogecoin to ATH
Hello my dear friends, Welcome back to our channel the “crypto investors”. We are here again with something new. So, be with us till the end of this video to know something great about the dogecoin whale and ATH value of dogecoin.
Before getting into the video, please like, subscribe and share our channel to be the part of crypto investors community otherwise you’ll miss some great opportunities. Now let’s first see what we have for you related to dogecoin whale that owns $25 billion of dogecoins. Dogecoin-the meme coin has attained a special place in market these days because it is the center of discussion in the crypto market and achieved a huge market cap in such a short period of time. Now, if we talk about dogecoin whale then it is an entity in the dogecoin market that holds the maximum share of the dogecoin. Dogecoin whales are famous in the crypto market because the concentration of these whales are highest among the other cryptocurrencies. There are about 15 whales that holds almost around 67% of the dogecoin and the biggest whale among them almost holds 28% of the total dogecoins. When Elon Musk was asked for his opinion on this type of crypto holding, to this he replied “disturbing concentration”.
These whales plays a very important role in the market because they can control the prices of these cryptocurrencies by their moves and tactics in the market. Crypto-skeptic David Gerard described the condition as “The big players can easily move the price.” So these whales cannot be ignored in any way.
Now it’s also important to see who the $25 billion whale is. As we can never find out the identity of the whale but, therefore to include the whale into the discussion we have named it as $25 billion whale. The developer of dogecoin said “While it is fun to speculate about the ownership of wallets, the only way to be 100% sure of who owns what is when the owner comes forward with (cryptographic) proof”. So, we are never sure who this $25billion dogecoin whale is but, it can definitely play a major contribution in increasing the worth of dogecoin.
Although people are not much in favor of crypto whales and believes that the real cause behind the dogecoin’s current worth that is very much less than its actual potential are these dogecoin coin whales and believes that this concentration must be destroyed. As Elon Musk- the owner of Tesla and dogecoin said “If major dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo … I will literally pay actual $ if they just void their accounts.” So, Elon’s tweet shows his opposition for the dogecoin whales and considers it a huge hurdle in showing the true worth of the dogecoin. $25 billion dogecoin means more than 42 billion dogecoin as estimation of the dogecoins in its current worth. Now, we can estimate the value of dogecoin whale as it can play important role in increasing the worth of the dogecoin. Where it has been suppressing the dogecoin from such a long period now, the news are in the market that dogecoin is going to play its role in increasing the worth of dogecoin to ATH.
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