ventrescalabriol
@ventrescalabriol
Market sentiment plays a crucial role in Dogecoin’s price volatility. Speculative trading based on rumors, social media trends, and celebrity endorsements can lead to rapid price fluctuations. Investors often react to news and events with a herd mentality, causing prices to soar or plummet. This speculative environment makes Dogecoin a risky investment but also offers potential for high returns.
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