Up over 400% since Monday
Coinbase grabbed the headlines away this week as it had it's direct listing which opened at $381, up from $250 reference price and made it more valuable than the ICE exchange. The price is currently at $325 which is still good for a gain of $75 or 30% from the reference price. Well actually its good for those that backed the company in pre-funding rounds. You and I might be underwater after buying the open on Wednesday (not so good).
Anyway, for you and I, the REAL crypto play for the week was Dogecoin. It traded around $0.07 on Monday near the low and traded as high at $0.39 today. Thirty-two cents? Who cares. However, that $0.32 is the equivalent to a 470% gain on the week (from the actual low to the actual high).
For what it is worth, it did base near the 50 hour MA, before starting the run higher. ; ) Needless to say, I don't know whether to laugh or cry....
PS. For a view from Dave Portnoy, click below (PS some may find the language offensive).
PSS. You can also lose your life savings one cent at time trading Dogecoin.
PSSS. More rant from Dave Portnoy (some may find the language offensive)