If I showed you these two charts with out the background or the price telling you what they meant would you be able to tell the difference between them?
One of the big problems we face in the crypto world is that once winter starts it's going to be cold. Almost all coins go on a downwards spiral before finally bottoming out only to fall another 10%. Is there any escape? There are coins which have nothing to do with bitcoin yet are still affected by the downwards spiral that (at the time of writing) most cryptos are in.
However...
There is light at the end of the tunnel. There is the very occasional coin that escapes and becomes its own crypto summer (a bit like turning the heating on). But, on the downside these coins come with there own perils and traps.
For example, doge is a coin which has been around for a while. It was started as a joke but soon turned very serious as its price soared at the same time as bitcoin. It was just another crypto doomed to forever follow in bitcoins footsteps. Thankfully, Elon Musk started tweeting about the crypto back in 2021 when he put out his first message "Tesla merch buyable with doge coin.". This sent the price up by 10% over the next few hours.
He then continued to tweet about the coin boosting its fame, value, and popularity across crypto space. Soon the crypto was tied to him. This means that if he does well the price of the crypto goes up creating, short lived but useable, mini crypto summers.
So if you want to feel some of the warmth for yourself the keep one eye on Elon's Twitter.
QUICK DISCLAIMER!!!
This is not investment advice! The article you have just read was written by a incompetent fool who has no idea what he is doing. Please always do your own research and double check all the facts you read about.
