DOGECOIN PRICE TO $5 AFTER WHALES JUMP IN

Dogecoin whales will drive up the price to $5

Welcome back friends to your channel the “crypto investors”. We are here again with a new video today to tell you something amazing about the whales of crypto market. So, fellas let’s see what we have for you today. Stay with us till the end of the video to understand the important facts regarding these whales in the market.
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Let’s understand whales of dogecoin market. When dogecoin was introduced in the market, it became center of attention of the crypto market and its website gained millions of views within such a short period. But, then the value decreased to such a low level that it became the topic of discussion for many analysts.
Whales are usually referred to those people in the crypto market who holds maximum percent of the cryptocurrency. The word “whale” is given to them because they hold the large portion of the coin and because of this, they can manipulate the decisions that are to be taken in the crypto world.
“”The big players can easily move the price,” said by the crypto-skeptic David Gerard to the Telegraph.
Peter Saddington- a certified scrum trainer said about the crypto whales that “A whale is someone who owns a lot of cryptocurrency. According to statistics and the addresses that you can find online — because bitcoin isn’t truly anonymous; you can actually find the whales — these are the people who own a ton of bitcoin. We’re talking about like hundreds of thousands of bitcoin or more.” He further explained: If a “whale” sells a lot of their stake, it can cause the price of a cryptocurrency to dip by flooding supply.
So, when the phenomena of whales were understood, many people contributed in the discussion as per their stakes involved. Now let’s see How does whales manipulate the market: As told earlier, whales hold the maximum share of the crypto so what whales usually do is that they put the massive sell orders on the books, lower than the other sell orders in the market and this leads to the decrease in the prices so much that a certain market panic is then created because of it.

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DOGECOIN PRICE TO $5 AFTER WHALES JUMP IN

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Kane Dane