Many people are asking where the bottom of DOGE is? Don't look at the K-line charts; look at the most real on-chain computing power costs.
Core data disclosure:
According to estimates, with an electricity cost of 0.48, the shutdown price of the mainstream mining machine Antminer L7 is around 0.133.
What does this mean?
1. 0.133 is the cost defense line: the current price is already infinitely close to the miners' cost red line.
2. The downside space is minimal: once it breaks this price level, due to lack of profit, a large number of machines will shut down, and the selling pressure will instantly dry up, allowing the market to automatically adjust supply and demand.
3. The odds are extremely high: building positions near the miners' cost line is equivalent to standing in the same trench with the entire network's computing power.
Instead of chasing high prices and getting trapped, it's better to ambush calmly near the miner's 'shutdown price'. At this position, what you're buying is not air, but the value of computing power and electricity. In the short term, I still see a bearish trend, and I advise everyone to ambush.$DOGE
