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About DOHU

Meme token with 0% tax Launched sucessfully with $99k volume and MCAP 18k growing gradually.

Doge Hulk (DOHU) is a cryptocurrency launched in 2023. DOHU has a current supply of 420.00Bn with 0 in circulation. The last known price of DOHU is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://dogehulk.club/tothemoon.

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DOHU Price Statistics
DOHU’s Price Today
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DOHU Price History
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$0 / $0
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Updated Aug 29, 2023 2:30 am
Doge Hulk
Mkt Cap $0
There's nothing here for now
Hedge Funds Show Growing Interest in Meme Coins
Hedge Funds Show Growing Interest in Meme Coins
According to Bloomberg, the allure of meme coins is increasingly attracting the attention of hedge funds. Stratos, a hedge fund whose limited partners include venture capitalists, is one such example. Rennick Palley, the founding partner of Stratos, stated that if the fund isn't investing in meme coins, the individuals working at the fund are likely doing so. Despite the skepticism surrounding meme coins, hedge funds have been active in the crypto world, drawn by various strategies. Quinn Thompson, founder of Lekker Capital, compared the frenzy around meme coins to the retail frenzy seen with GameStop and meme stocks in traditional markets. He described it as the 'tip of the spear for speculation' and equated it to gambling. Dogecoin, the first meme coin launched in 2014, is currently the eighth-largest cryptocurrency with a market value of approximately $22 billion, according to CoinMarketCap. While many retail investors have experienced losses, professional investors have largely stayed away until the recent crypto boom. Cosmo Jiang, a portfolio manager at Pantera, noted that meme coins, initially started as a joke, have evolved into 'culture coins' representing a group of people with a shared belief system. The creation and launch of memes have become easier with apps like Pump.fun, and blockchains like Solana and Base offering low trading fees have been flooded with these tokens. Josh de Vos, research lead at CCData, highlighted that the infrastructure surrounding meme coins has improved, with centralized exchanges developing sophisticated futures markets for leading meme coins. This has allowed hedge funds to capitalize on their volatile movements and effectively hedge their exposure. As more hedge funds start taking meme coins more seriously, Palley expects the focus on these highly speculative tokens to increase. He anticipates more firms creating meme-only funds, similar to the creation of NFT-only funds. However, it's worth noting that NFTs have proven to be unreliable investments, with the market showing significant volatility.
Apr 24, 2024 12:23 am

Frequently Asked Questions

  • What is the all-time high price of Doge Hulk (DOHU)?

    The all-time high of DOHU was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Doge Hulk (DOHU) is 0. The current price of DOHU is down 0% from its all-time high.

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  • How much Doge Hulk (DOHU) is there in circulation?

    As of , there is currently 0 DOHU in circulation. DOHU has a maximum supply of 420.00Bn.

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  • What is the market cap of Doge Hulk (DOHU)?

    The current market cap of DOHU is 0. It is calculated by multiplying the current supply of DOHU by its real-time market price of 0.

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  • What is the all-time low price of Doge Hulk (DOHU)?

    The all-time low of DOHU was 0 , from which the coin is now up 0%. The all-time low price of Doge Hulk (DOHU) is 0. The current price of DOHU is up 0% from its all-time low.

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  • Is Doge Hulk (DOHU) a good investment?

    Doge Hulk (DOHU) has a market capitalization of $0 and is ranked #2765 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Doge Hulk (DOHU) price trends and patterns to find the best time to purchase DOHU.

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