Crypto Kaleo expressed his belief in Dogecoin's (CRYPTO: DOGE) resurgence, attributing it to the retail sector's renewed risk appetite.
What Happened: In a Friday post on X, Kaleo highlighted the shift in the retail sector's risk tolerance across the meme coin board, as evidenced by the performance of GameStop and AMC. He noted the explosion of the meme coin market over the past year, with Dogecoin leading the pack as the "king of the memes." It was the initial meme that made it possible to believe that a dog and a community was enough to start a movement.
GME / AMC showed us that retail has shifted back to being risk on.
Throughout the past year in crypto, we've witnessed how risk on native participants have been as the memecoin market has exploded across the board.$DOGE always has been and always will be the king of the memes....
— K A L E O (@CryptoKaleo) May 17, 2024
The trader emphasized Dogecoin's enduring relevance, stating, "Dogecoin isn't dead. As soon as it starts to catch a bit of a bid, it will move vertical once again." He also pointed out the retail sector's desire for the same thrill they experienced with GME and AMC, predicting a similar surge for Dogecoin.
Kaleo's prediction of a bounce back suggests that this trend could continue, driven by retail investors' familiarity with Dogecoin and their desire for high-risk, high-reward investments.
Price Action: At the time of writing, DOGE is trading at $0.1529, up 1.2% over the past 24 hours.
Why It Matters: IntoTheBlock data noted an increase of 6.8% in daily active addresses to 55,540, while exchanges net flows dropped 1,731.2%. However, total exchange inflows spiked from $32.9 million to $50.6 million.
Transactions greater than $100,000 increased from 501 to 523 transactions as of May 16.
In a reaction to Roaring Kitty posting videos, Dogecoin co-founder Billy Markus, known as Shibetoshi Nakamoto, tweeted that the Roaring Kitty account handler should understand the concept of "less is more."
What's Next: The influence of meme coins Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
Crypto Kaleo表達了他對狗狗幣（加密貨幣：DOGE）復甦的信念，將其歸因於零售業的風險偏好。
發生了什麼：在週五的X帖子中，Kaleo強調了零售業在整個模因幣板塊的風險承受能力的轉變，GameStop和AMC的表現就證明了這一點。他指出，在過去的一年中，模因幣市場的爆炸式增長，狗狗幣以 “模因之王” 的身份處於領先地位。正是最初的模因使人們有可能相信一隻狗和一個社區足以發起一場運動。
GME/AMC向我們表明，零售業已恢復到風險狀態。
在過去的一年中，隨着模因幣市場的全面爆發，我們目睹了本地參與者面臨的風險。$DOGE 一直是模因之王...
— K A L E O (@CryptoKaleo) 2024 年 5 月 17 日
該交易員強調了狗狗幣的持久重要性，他說：“狗狗幣還沒有死。一旦它開始出現一點出價，它就會再次垂直移動。”他還指出，零售業渴望獲得與GME和AMC相同的刺激，並預測狗狗幣也將出現類似的激增。
Kaleo對反彈的預測表明，在散戶投資者對狗狗幣的熟悉以及他們對高風險、高回報投資的渴望的推動下，這種趨勢可能會持續下去。
價格走勢：在撰寫本文時，DOGE的交易價格爲0.1529美元，在過去24小時內上漲了1.2％。
爲何重要：IntoTheBlock的數據顯示，每日活躍地址增長了6.8％，至55,540個，而交易所的淨流量下降了1,731.2％。但是，總交易所流入量從3,290萬美元激增至5,060萬美元。
截至5月16日，超過10萬美元的交易從501筆增加到523筆交易。
針對咆哮小貓發佈的視頻，狗狗幣聯合創始人比利·馬庫斯（Billy Markus），名叫中本聰敏在推特上說，咆哮的小貓賬戶管理員應該理解 “少即是多” 的概念。
下一步是什麼：Benzinga即將於11月19日舉行的數字資產未來活動預計將全面探討模因幣比特幣作爲機構資產類別的影響。
