Doge had a little pump and I think its time to sell my doge

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Today as soon as I woke up, I saw a news article about how TikTok users are manipulating the price of Doge token. I also came to know the fact that Doge is Elon Musk's favorite token. I didn't know about that. This news article got my attention because I had a smallholding of Doge in my Bittrex wallet. I got it from some airdrop and with conversions. To make my transactions from one exchange to another exchange easier, I converted my holdings to doge and moved it from one exchange wallet to another. That is how I got a little doge in my wallet. I was not interested to hold it forever but I was just looking for an opportunity to sell it.

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The price of doge had not been very promising in the last few years. I remember that when all the altcoins were at the peak, doge also had its good times. But after that, there was no sign of improvement in the price if we look at the charts. I had little hopes on Doge and that is why I wanted to hold a little in my wallet. Diversifying our investment is always good right. In that intentional, I bought a few alt tokens and this is one among them.

The TikTok users have created a buy pressure now making the price pump a little bit. One good thing about this FOMO is that people in the normal world who are TikTok users are getting good exposure to the crypto world. Though Doge is not a good token that should grab the attention, it is good to see people getting to know more about crypto. At least I feel when they get to know about Doge, they will gradually understand other tokens and start investing and transacting using the other coins as well. This can be a good opportunity for other projects as well.

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People talk about Twitter campaigning which is still a very powerful tool. I guess campaigning with the help of TikTok is also a great thing because there are so many TikTok users across the world and imagine if they enter into the crypto world. Imagine if we get a platform similar to TikTok that runs purely on Blockchain and people get paid for sharing their videos on that Blockchain.

Should I sell my Doge?

This is the biggest question on my mind right now. I actually logged into my exchanged and was about to place the sell order but later I thought what if the price really pumps to 1$ because of this false propaganda. I then canceled my sell order and thought I should wait for some more time, maybe a day or two to see how the price is progressing and then try to grab some nice profit for the little tokens that I have in my wallet.

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In the last 24hours, the market has had a 68% pump at the price. I'm going to wait for a few more hours watching the price. Though my number of tokens is very less comparatively, it would be a good opportunity to grab a few dollars if the price pumps right.


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10 comments
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Time will tell if it holds that price, rises or falls back down, usually what I see is that markets overreact to news both up and down, but that doesn't mean there isn't good news to come..

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Yes that's right. I have actually sold my holdings for a decent price. Now I don't care if the price pumps further or not. 😛

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I would take the profits and move it to another token you like or know

Why keep something you do not seem to care about or know anything about

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Ya thanks for that. I finally took the decision and sold them yesterday. I don't care if the price pumps further. Time to move on with some other investments. 😀

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I have a lot of these coins 😋

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That's nice. Go and dump it. I already did. 😉

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Ha haa I have approx 3k coins, may be this will give a better result in future.

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I was also thinking of staying invested for a long term. Later decided to sell the coins as I see no big hope in holding them. Every year just the number of coins keep increasing. That's all. The future of doge is not looking very promising for me. I'm now doge free. 😉

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