Doge is really good from a stock trading point of view .
LTC too .
These simple and "bad News Free" coins will provide a safest bet for speculators with experience .
They can watch the price movement , use the classic trading techniques learned from stock market ( K-chart , MACD , etc ) , and swim easily in these market without all the dramas related to other complicated projects .
So every now and then , new money will come in (even big money ) . From a technical standing point of view , LTC and Doge is worthless . But from a speculative point of view , if you're a speculator or likes to gamble with stock theory , LTC and Doge and BTC is the best bet .
This will be the reality for a long time .
Doge will drop eventually , but then it will be pumped again by new money at god knows when , it will easily X multiple times when the bull market comes . From a trading point of view , the K-chart of doge is the most beautiful chart among the major crypto markets .
I can go on with details , but I think you get the picture .
In the end , the market is not supported by us the supporters , I wish it is . But the speculators who provides short term liquidity matters most to grand scheme of things . It's a typical butterfly effect . Money follows money , they don't follow us who praise how good the technology is .
Tons of VC are investing in company related to Bitcoin instead of 2.0 projects (ripple excluded) , because it's safe to follow the step of those who already explored .
Technology maybe a competitive advantage in the real world , but in the early stage of crypto currency , with high P/E ratio , the cold hard rule of the capital market applies . The market cap is majorly supported by those who don't even own a crypto wallet .
While we need to make good deliver on the good product , these facts can not be missed .
Also , no need to search for "good news" when a pump happened . It's not even about the news , it's about the capital . News is just the timing that the capital choose to initiate the pump .