Jackson Palmer, creator of Dogecoin has unexpectedly decided to disappear from social networks and eliminate any possibility of interaction with the community. Mr. Palmer did not explain or warn his followers, however, in Dogecoin’s official subreddit, one user clarified that the decision to “disappear” from Twitter was probably due to the recent number of negative comments he received as a result of his opinions on certain controversial topics. Another user, however, explains that perhaps Palmer felt “saturated” by social networks pointing out that he has done this in previous occasions.
Dogecoin is a cryptocurrency which got its from the “Doge” Internet meme that features Shiba Inu dog as its logo. What started out a joke, it now has it’s own online community and is ranked the 26th coin according to CoinMarketCap.
Part of the reason for its 26th ranking is despite its supply being limitless, its used in many places that also accept Bitcoin. So where is price heading next, lets go to the charts?
After exploding out the of the weekly demand zone at $0.22, which has held,
the buyers are took their profits,
while the sellers stepped in at the daily supply at $.43.
The chart suggests price will fall back to the origin of the strong move up to fill the remaining unfilled buy orders.
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.