Successful crypto veterans know that crypto trading is a probabilistic outcomes business. Probabilistic thinking is just trying to estimate the likelihood of a specific future outcome becoming reality.
Many investors saw the crash coming. Some of them took out the capital before it was too late, but many of them didn’t, especially the one-time investors who know little to zero about crypto and markets.
Although, with Bitcoin (BTC) and Ethereum (ETH) gaining momentum, probabilistic thinking has begun again. Bitcoin showed a jump of 4.2% and Ethereum got 12% stronger. It is a joyous time for the crypto community — new coins, new gains, and new investments.
As the new year is on the corner, probabilistic thinkers have started looking at meme coins and have drawn some conclusions. In a nutshell, they aren’t fans of Dogecoin (DOGE) anymore. Dogecoin, once enjoyed the attention of Snoop Dog and Elon Musk, have stumbled after the crash, only to gain some momentum in the last couple of days.
The world seems to be moving on from Dogecoin and everything that it represents. The new coin of interest is Büyük Gözlü Madeni Para — a meme token with a very cute cat as the mascot.
Dogecoin: Life’s A Full Circle
Many coins tried to replicate Dogecoin’s initial success. Shiba Inu (SHIB), another dog-themed coin, even came up with its own NFTs. Yet, the coin is still bleeding after the crash.
Another reason for Dogecoin’s irrelevant future, according to crypto analysts, is that there are way too many dog-themed meme coins in the market now. Investors always look for something new, edgy and powerful. Apart from getting celebrity attraction, the Dogecoin community has not achieved any milestones.
Dogecoin was initially launched to mock cryptocurrencies. However, quite ironically, in early 2021, it held $84B in market capitalisation. Seems now that it has finally become a joke, just as it started. Life’s a full circle!
Big Eyes Coin: Big NFTs, Big DeFi And Even Bigger Heart
Big eyes, Big Vision and Big Heart!
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