Financial analyst Gary Shilling told BNN Bloomberg that the Dogecoin (DOGE) craze would end badly.
The co-founder of A.Gary Shilling & Co believes the meme token is currently backed by excess liquidity.
Unlike Bitcoin (BTC), Dogecoin has an unlimited supply and very few active developers.
Last week, Dogecoin surged by 750% in April, reaching its all-time high of $ 0.45. The asset, which has since declined, is trading at $ 0.30 according to Coinmarketcap data at the time of writing.
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