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Dogeocoin couple of days 0.5% minus only. It became a stable coin  ;D

People feel more confident to invest now in dogecoin.

Seems like it stop being a pump and dump and people hold it long term.

Doge gained more than 1000% since the beginning of the year.... hardly a stablecoin  ::)

Just because it moved relatively little in a few days it doesn't mean anything for a longer term.

Just this time because Musk is helping to retain its value while telling negative things about bitcoin.
I don't think many are confident about it. It's only temporary and once Musk starts to sell just as the same as bitcoin, you'll see a lot of Dogecoin holders to panic too and the whales of it.
Maybe because of him but we'll see how it will end up.

The price of Doge is more stable than the price of other coins due to Elon Musk who keeps tweeting about Dogecoin and the Dogecoin project going forward, therefore more investors are coming in and the price of Dogecoin, although only up 2%, is still more stable than other altcoins.

It goes down from 75 cents to the 49 as per the current price of doge coin. All of coins were affected by bitcoin and that's it. doge is not backed by anything and this is a meme coin. People are falling into the illusion if they were imagining that the doge coin will become a stable coin. People didn't try to take a look at the chart and doge is starting to go down again like another crypto.
people have no clue what's going on with the market. The 4 year cycle is happening now.

Dogecoin is as same as other shit altcoins. It is a very highly speculative cryptocurrency and you can not say it is a stable coin. Never it is like that.

Any cryptocurrency will have some periods that they have price fluctuations in a very insignificant narrow range. You can see such fluctuations as silence before storms. Storms can be soars or plummets.

What are you waiting for Dogecoin after this temp stable time? Soar or plummet?

Only temprarily though, not to mention if you look at the chart from longer time frame it has more fluctuation than bitcoin meanwhile bitcoin is just doing sideways for the past few weeks and only now it got price dumping.
But then again, is there really such thing as stable decentralized crypto though? I definitely doubt if there's any and each crypto has their own time of being very volatile same thing with doge, this week it's stable next week it could move
so significantly.

There's no other stable coin in the market than a "stable coin" itself. other altcoins are still highly volatile. Look at the market now, bitcoin is dumping and we are also seeing that altcoins are following the movement. Today, Dogecoin is down 9%, and it doesn't look good as bitcoin is struggling and we know that altcoins will not survive if bitcoin is dumping.

Come back after one year and see how silly you feel after saying that. Or in fact even come back after 6 months if not earlier. Stablecoins are a class of their own, and are meant to be stable. Even fiat currencies see daily volatility, but crypto is known to be at the extremes.

You tell me how much DOGE was 6 months ago:)

strange isn't it?
Thats what Elon wants you to think.

Let us not forget how much Elon Musk contributed to the growth of Dogecoin and how high is the probability that it would soon go down once Elon gets what he want from it. I don't think people should feel confident about investing on Dogecoin and it should not be compared to bitcoin specially with regards to stability. Dogecoin has a long way to go before it can even get near from bitcoin. If you still believe in Doge after all the things people are speculating about it, think again and it might be a life saver for you one day.

because the price is still relatively cheap, you see that Dogecoin is more stable than Bitcoin
I see the price of Dogecoin as more volatile and very risky than Bitcoin

what makes Dogecoin Bull is Elon and that's undeniable
I do not recommend you to invest in Doge because someday Elon may not like Doge anymore and you will bite your fingers :D

The coin is stable now because the holders dont want to sell because they are most likely sitting at a loss if they bought last month and the shorters don't want to short because they are scared of another Elon tweet regarding Doge.

However I gaurantee you thats in the next few weeks its going to be nothing like a stable coin. Keep in mind there is currently like almost $200,000,000 per month of miner reward Doge released into the market, these are most likely going to get dumped by the miners.

Yep, this kinda true, also the early investor want more profit and wont take it now (be greedy). Just wait until they too afraid to wait another profit and take the profit soon.
Doge market crash is real when the fomo feeder didnt feed them again.

Stable means there is no tag of war on the markets between the bulls and the bears, and if that's how the markets are behaving then there isn't much activity going on with this asset.

If it's stable you want then there is no better answer than stable coins.

If you want to show off the powerfulness of Doge against market atm, shill it with "Steady" coin, instead of stable coins, nothing special with a stable coin bro.
Also, the background why its stable in the price atm its not because the bear not powerfull enough to crash the market, i think it just a temporary because many loser keep their position wait until next Elon tweet came up also the shorter didnt want their position liquidated because of a tweet suddenly came up ruin their trades.

It was stable for a short period of time but bitcoin has proven to be the most stable for years.

Look at DOGECOIN now, it has reached number 4, now dropped to number 7 in the CMC ranking.
It's slowly sliding, why?  Because Elon already stop shilling DOGE or his influence is not anymore appreciated in the space.

Elon has a plan, he knows how to dropped the bomb (news) that he can benefit, and we are witnessing how the market struggles now.

Well Elon is currently quite on dogecoin for now.But he will probobly soon start to shill DOGE soon again.He always does maybe taking a small break while the market is going down.But its stable for now but it can go either way from here.Maybe to 1$ or maybe back to 0.1$ it really depends.

I don't think it is fair to say that investors are confident to invest in doge just what the OP stated.
This coin is a very risky one, in my opinion. As right now, its price is greatly influenced by one person.
And if that person stopped shilling or endorsing this coin, what would happen then?
So I believe, being confident in doge is a very subjective matter. Not many will find this a good investment to take.

I dont think this two things arent co-related, people will confident to invest if the project that they want to invest are promising and have a good fundamental points.
Also, if people more confident to invest, ofc they will average down their last entry (bcs i think most of them are trapped on the peak) and thats activity will increase doge price which we dont see atm.

doge coin shows a big achievement for these short period of time and its not becoming more stable compared to bitcoin which scalability and profitability in a number one spot have already tested for many years. It only happened when meme dogecoin come along in the top 10 spot of coin marketcap when it was started shilling by Elon Musk.

If Dogecoin is compared to bitcoin, of course that is very far and the achievement of bitcoin which until now continues to be the top coin I am amazed at that,
even though Dogecoin is showing great achievements but will it continue in the future,
we just follow the development of Dogecoin and what will happen in the future

how could you compare the limited supply with the unlimited, some of them may not know the background but others are ready to take benefit. i hope people start avoiding big risks that can affect mentally and psychologically in the future

Wjhy not check the market now and tell us if Dogecoin is still stable than Bitcoin

https://coinmarketcap.com/

Dogecoin drops more than half of Its ATH while Bitcoin is only fall by 40+% as of this moment.

If Dogecoin becomes more stable than bitcoin, it will more like a stable coin and people will use Dogecoin as their safe haven. But I doubt that because Dogecoin will be down and up again although we do not know when that will happen. This price can get down for more because Dogecoin is hard to increase more than $1 unless a pump is coming to that coin.

If the price is down for more, I will try to buy for more as Dogecoin can become a long-term investment like Bitcoin. This price seems too high for me so I think I will wait for more to buy.

How? Through Twitter Influence? Dogecoin started growing after Elon Musk tweeted on 8 May, in his tweet he claimed himself "dogefather". He just manipulated the market by his tweet.
This coin is totally useless and it looks like a fake pump, only those who follow Elon Musk have invested in this coin. They are just gambling with their investment and participated in an unpredictable pump.

If any coin perform good we must ack that coin performance rather then start comparing it with bitcoin immediately. After recent fall of crypto market it become more clear that altcoins can go up only if bitcoin goes up. Altcoins have little tendency to go up on their own.

Stablecoin only possible if the coin pegged to fiat otherwise it's gonna be a big big failure, I've seen many project trying to make their version of stablecoin by combining various crypto or assets to back the
coin up but fails miserably and the price gets uncontrollable because there's no way to determine the worth of such coin clearly, now it's people saying doge gonna be stablecoin and that just sounds really ridiculous. I mean a coin that was pumped by speculators with now other unique functionality whatsoever become stablecoin i will do backflip if that really happens lmao.

Nope it is related mate, OP was pointing about the movement of price recently though it is really not that comparable but for a certain time it is.

and i admit that i also look at this point recently when Doge stays at 50 cents but now?

lol it dumps like what bitcoin did and much deeper .

You are crossing the Boundary mate because you are spreading your site in wrong threads , this is Hijacking and which looking annoying seeing you doing this for couple of threads.

and you can offer 500$ a day for using your site but you can't even create your own signature campaign.


You only proves people here that your company is not competent.

It will only take a negative  tweet from Elon musk for dogecoin  price to dip. No matter how much dogecoin is been package,  dogecoin  will remain a meme coin.  Elon have said that he's looking for a way to accept dogecoin as mean of payment, until that happens,  dogecoin is dogecoin!

How it becomes stable if the market is not? Lol seems you're making jokes here mate.. The whole market is down so how comes this kind of coin wherein has potential to become shitcoin will stay stable despite of circumstances.? Its impossible mate infact even those projects that not included in some accusations around the internet about bitcoin manipulation they're suffering as well so how dogecoin can survived? Stop that nonsense mate too good to be true..

Meme is meme and doge will never be a stable coin. I think that anyone should stop dream to see the price of doge coin will be very stable consider the fact that it was getting dumped after bitcoin already suffered big dump due to the bearish trend. Doge will remain as a meme coin that will never stable. Bitcoin was not a stable coin as well and i think that you misinterpret about that OP.
You must try to learn more about what was the definition of the stable coin. You have no clue about that. All of coins that were not backed by stable asset will remain unstable.

Yes good luck with the stable coin theory  :D. People are investing in Doge whenever there is a correction hoping that they would get a good profit and you cannot complain.

May be the new users are more confident in investing in Dogecoin, i did not touch Doge after the market rallied and i wont be investing in them anytime soon but that will be a coin i will be holding when the market settles down and hopefully will make the same profit during the next rally as well.

Exactly! People are looking at BTC DOGE value so they think it's stable but Bitcoin has been losing value against USD while DOGE is losing value over BTC, so the dollar value is far worse for DOGE, same for almost every alt commonly traded against Bitcoin. People don't learn that's the problem.

Agree with that, a lot of investor got trapped by investing in dogecoin at the peak price. Now they are holding their dogecoin as they have no other option left. Investors will face a huge loss if they sell their coins at lower price. People aren't investing in dogecoin by being confident. Everything happened for the manipulation. But the manipulation is no longer working, people realized everything now. If people had confidence in dogecoin then the price would recover quickly from this point without showing stability.

You dont know on what "stable" word means.Yes, it might having no big movement but that one can be considered to be stable? No its not because there are several factors or reasons
on why its not moving.

-No high liquidity or volume
-People are waiting for next move (Hesitance).

Try to look at on next shills or fuds that would happen to Doge, for sure you would able to see wide swings into the price.So better not to make out conclusions because
crypto coins arent stable at all aside from stablecoiins which is normal.

Accurately.

People tend to compare bitcoin and Dogecoin. The two has gone far from the peak that it had. Dogecoin got alive because of Elon Musk's tweets. While bitcoin has been living and being talked about by most of the people of the world freely without any popular guy.

We shall see how both of these will go by far when the market goes back its stability for both coins.

Doge has been in an eventual bearish trend, it seems that the Doge bulls are giving in to the current market changes, perhaps it is that most expect a greater decline in BTC, but it is just a matter of waiting:

https://i.imgur.com/ML800fu.png


Source: https://cointelegraph.com/news/price-analysis-5-31-btc-eth-bnb-ada-xrp-doge-dot-uni-icp-bch (https://cointelegraph.com/news/price-analysis-5-31-btc-eth-bnb-ada-xrp-doge-dot-uni-icp-bch)

I would not say that it is more stable than BTC, I would say that it is falling much lower than when Elon Musk launched his first tweet in favor of Doge, let's wait to see how far this theory can develop.

With such a large supply and the supply is controlled in large quantities in several addresses.

I don't think you can call "Stable coin".

When the whales sell in a big amount, everyone will panic and "SAYONARA" for Doge.

I don't really think you know what really is a stable coin but I got your point, but doge looks stable because the market cap and daily trading volume has grown significantly making small transaction have no impact to the market and
at the moment theres no shill or fud to doge market, everyone focused on bitcoin instead, if things like elon shill and fud to be happen again and targeted to doge its not gonna stay as stable as you think it is, big chance its gonna be pump and dump again.

Yes, I agree with you, doge looks stable because of the small trading volume and people no longer glance at this coin because there is no Musk and influencers shouting this meme coin. Ordinary people are very easily fooled by musk and others, while this coin technology has not been updated for a long time.

Actually, there are many factors that make the price of Dogecoin look stable and not as volatile as it was a few months before. The first factor may be
that the price of Bitcoin is also starting to stabilize at a price of $35-$38k, so the usual altcoins will follow include Dogecoin. The next factor is
no longer seen Elon Musk doing shillings, this is an important factor why Dogecoin is not too volatile. But if we look at the market now, it is very visible
that Dogecoin has started to rise again, will Dogecoin return to the ATH price soon?, we still have to monitor it for the next few weeks.

The basic thing should be any coin that was not getting backed by the stable commodity will never become a stable coin. A sentence if doge coin become more stable than bitcoin is just BS that used by the doge coin shill without try to see the reality in the market. Even bitcoin was volatile. They have no clue about what they have talked about.
Any dogecoin holders keep delusional to call this to be stable coin.

Dogecoin has become very more stable than Bitcoin, this is because Dogecoin is still getting pumped from many factors, such as Elon Musk himself continues to pump Dogecoin, so the price of Doge can be more stable than btc, I hope that btc can skyrocket again to $60k.

How is it became stable coin if just a single tweet of a famous person will have a huge effect of the market price of dogecoin? Dogecoin is never comparable to dogecoin since they have a huge difference and ecosystem.

well, i dont think so. I think bitcoin will be more stable than dogecoin although right now bitcoin price is in dip but i think dogecoin is happening now because of Elon Musk tweet. we cannot judge dogecoin will be more stable only by this happening issue, I think we have to examine dogecoin to the fullest and then we can decide if it really worth it to invest to.

Doge coin has made significant progress in such a short time, and it is not getting more stable in comparison to bitcoin, whose scalability and profitability in the top spot have been tested for many years. How did it become a stable cryptocurrency if a single tweet from a celebrity may have such a large impact on the market price of dogecoin? Since they have a hu, dogecoin is never comparable to dogecoin.

You are right, if it's not a stablecoin, it can never be a stablecoin. The mere fact, that Elon Musk tweets were all it took to get Doge running amok is all the fact we need to see, Doge cannot be said to be stable and much so if we take its unlimited supply into account.

Well said! it's not a stable coin or  I mean it's not having getting stable value as it was influence more by Musk, just a tweet away and the value will move according to  what his opinion.

Is more on manipulative direction and not because of natural market cycle, unlike bitcoin where you'll see from time to time there's a season that make it valuable and season that investors are resting some are pulling their investment and use it for their personal use.

It's not comparable, Bitcoin moves and most alts will move as well.

How do you know people are holding it? If nobody is selling it how could Dogecoin remains stable? It would mean that no one is buying it either otherwise Dogecoin would climb up. I don't think more people are holding it I just think more people are selling it when it rises too much and more people are buying it when it goes down.

It is impossible for Doge to become a more stable coin than Bitcoin. I am one hundred percent sure that Doge cannot be a more stable coin than Litecoin. The principle is very simple - the main thing is that Doge is just a meme coin and it is based on what the community says and has no usefulness whatsoever. That's all.