Actually I'm surprised that Lite-Coin has close to $10,000 in volume on Hive Engine. I think it's the first time I have seen that. It's actually not that surprising to me as I had swapped some Hive for Litecoin in around Decemeber 2020 and posted about it. It's fast, liquid on almost all exchanges and has a privacy feature which has seemed to slip by the minds of those wanting to know what underwear you have on!
This meme coin has actually got my panties in a wad. It's nothing more than Wall Street Bets pumping a useless stock without any underlying fundamentals. Ok I get the whole screw wall-street; but to me DOGE pumping is more making a mockery of crypto as a whole. Yes I could be wrong, but when a coin was created specifically to educate rather than being a form a 'money' it kind of makes me bang my head against the wall. Of course confidence can even back tulips as a form of currency, but I think the RISE and FALL of Doge doesn't help crypto's use case.
UP 547% Like I write about LEO and CUB / DEFI and 350% APY.. but I could have spent a few pennies.. so I guess the joke is on me.
So in the end just like Stonks, fundamentals make no sense. Road maps, white papers, it just seems like life has become a MEME. Congrats to those DOGE HODLER's, as I even had to buy some. I'll put some sell orders soon ;)
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When I've bought hive lately it has been with litecoin via hive engine. I find it rather convenient and the conversion rate has been pretty favorable. Litecoin has always been my go to crypto for converting as originally it had the lowest fees associated with it of the major alternatives. Not sure how it compares today but I've found no reason to use something different. Litecoin is still one of my favorite cryptos.
I agree.
This pump of DOGE makes the whole crypto market look like a gamble or a bubble.
This type of view has a negative impact on educating people outside of crypto.
I did some research today and you are correct this pump is coming from the Robinhood trading platform.
Well let's sit back and have a !BEER and see what happens
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