...bullish crypto traders are buying on the premise of a new dawn for cryptos under ET (Elon&Trump)
...that is the only reason why it is totally disconnected in valuation terms. But they don't care, do they because their cult-like belief is entrenched. Their 'gods' would promise them riches ahead.
Back-to-Back God Candles for Dogecoin - now valued at $62 Billion.
$DOGE is now worth more than General Motors, Hilton, Allstate, AIG, Occidental Petroleum, Nasdaq, Dr. Pepper, Discover, Ford.. you get the point
https://x.com/Barchart/status/1856264925238153594