news 
Mike McGlone Likens DOGE And ‘Unlimited Supply Cryptos’ to ‘Dot-Com Bubble’
According to market experts and analysts, cryptocurrency enthusiasts have been witnessing a surge in the value of digital assets like Bitcoin, silver, and gold. In recent times, some investors have been shifting their attention towards alternative cryptocurrencies such as Dogecoin (DOGE), which has also seen significant gains.
In his latest commentary, Mike McGlone, a prominent market expert, has drawn parallels between DOGE and the infamous Dot-Com bubble of the late 1990s. During that period, many investors got caught up in the hype surrounding internet stocks, leading to catastrophic losses for many who participated.
Speaking on the recent surge in DOGE’s value, McGlone emphasized that he is not surprised by the asset’s growth as it mirrors the same characteristics seen during the Dot-Com bubble. As a result, he believes that investors should exercise extreme caution and carefully consider their investment decisions before pouring more capital into DOGE or any other unlimited supply cryptocurrency.
It is essential for investors to be aware of these historical parallels to avoid falling prey to market hype.
Source: u.today
