As a Doge Coin lover, I like to give this early warning to my fellow people out there to be very careful and be prepared for the portfolio management and maintain strict stop losses where ever its required.
Doge Coin broke out dramatically, almost tripling in price in last two days, which got my attraction to dig further in to its technical and non-technical details.
For a big surprise found that major portion of the asset class is hold by limited number of accounts, now sure in this top ten how many belongs to same person which might tight on our nerves further.
Source: bitinfocharts.com
The top ten accounts holding the asset got 40.80% of total in its bucket, so imagine if they want to play the market, they can do very well, noticed the in and out from the top 10 in recent days clearly shows this might have some intentions behind.
So, take care of your portfolio and expect the sharp up and down in such situations, might impact the day traders, feature trades or at time can wipeout your small to medium account.
Take Care , play safe .