Gemini co-founder Cameron Winklevoss believes that the rise in the value of the altcoin Dogecoin (DOGE) was caused by increased protest activity in the camp of traders.
Your position he tweeted and noted that people are tired of the monopoly of traditional money. They are now looking for the most optimal investment option, which will be as independent as possible from state institutions.
#DOGE is a protest. People are tired of the modern money monopoly. They’re tired of being told what money is and what they are allowed to do with it. Let the people decide for themselves.
— Cameron Winklevoss (@cameron) January 30, 2021
Winklevoss urged not to interfere with investors, so that they themselves choose where they need to invest their savings.
The tweet from the Gemini exchange co-founder was released after the DOGE coin made a historic breakthrough.
The cryptocurrency met the first day of February at the level of $ 0.044. Altcoin capitalization now exceeds $ 5.617 billion. In mid-January, Dogecoin was trading at around $ 0.007, and there were no signals for an early and radical trend change.
Since January 28, the coin has skyrocketed by 1152%. DOGE has been pumped up by the Twitter community WallStreetBets. And some observers believe that this account decided to push Dogecoin towards $ 1.
If aggressive pumping continues this week, then the achievement of the above psychological mark will become a very real scenario.
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