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Dogecoin gained popularity due to its low cost as well as its welcoming community. Its community of users behind Dogecoin is involved on various social platforms, and it gained popularity specifically from Reddit.

Doge could fail because -
Dogecoin could fail in the near future due to its outdated blockchain technology. The Dogecoin blockchain is built on the Litecoin blockchain, which is based on Bitcoin's Blockchain.
One of the main issues with old blockchains is that they're not scalable. They are unable to manage large volumes of transactions without slowing down or mistakes.

Investors advice on investing in Dogecoin now as this is being the best time to purchase doge. Dogecoin prices are expected to rise as we approach the annual close. The increase in price fluctuations may eventually assist the price to soar and as per Coinpedia doge price prediction it will close the year at $0.118.

Are these cons going to result in dogecoin price failing or Elon Musk support for it make this coin price increase?

Dogecoin will not be abandoned, it will always be remembered as one of the low cost coins and people will always use this coin for transactions. But to invest in this coin, I personally would not do it, because basically this coin doesn't have strong enough fundamentals and ecosystem, only relying on their community which continues to shill like for example what Elon Musk did some time ago. Do you think that Dogecoin will experience another fantastic price increase?

    When I started here, the value of dogecoin was still very low, at that time its price value was playing from 20 staoshi to 30 satoshi, the price of Dogecoin was low but the community it established in cryptocurrency was great.

   After a few years Elon Musk noticed this and due to the strength of its influence it attracted many communities in this industry to buy dogecoin even Elon bought a huge amount which is the reason why dogecoin became 0.1$ or more .

So, I don't believe dogecoin will eventually fail, it's a huge big no for me, and I know it's different here for sure.

It will not totally fail because obviously Elon Musk the Billionaire is supporting and still promoting it, we might not trust him because of his nature as a businessman but we have certainty that it will gonna exist as long he is supporting it. In the future, there are varieties of changes and innovations regarding his company and it would depend if he still merges the use of Dogecoin with some of his company or if he continues to ignore the people's suggestions for Dogecoin, will be the very same reason for the investors to slowing to merge to another investment if they sense that Doge has no potential anymore.

Yes is the reason why I believe that Dogecoin will still be able to exist many years from now even despite the negativity we hear from this project. I understand the risk of investing in this project but looking at the market it is something that shows the stability of its position. It will die if nobody will use this but as long as many traders still using this coin, I have no doubts that it will stay and get support from the community.

If the reason is outdated technology, any coins/blockchains with similar technology will also fail. Since Dogecoin et al is basically a tweaked Bitcoin (CMIIW), well the future of this industry is bad... So I don't think that will be the reason.

The reason Doge could fail is that it has no practical use a.k.a. it serves no purpose. It is reflected in Doge's tokenomics, like emission rate, etc.

If the technology behind a coin really mattered in the crypto space, bitcoin would have become a shitcoin by now and we were probably be using some random tokens today for the sake of better technology. That's not the case!

Dogecoin has a very strong supporter like Elon Musk and that's probably enough for Dogecoin to survive. Also if Elon starts accepting this coin in Twitter, its value may even skyrocket by few hundred percent.

even though the blockchain used by doge is outdated but it will not make doge abandoned by its fans, and i'm sure doge will always be there and will continue to be picked up by the platforms that carry it. not to mention Elon Musk who always surprises with his tweets on Twitter, this will make Doge always be there and continue to be sustainable in sales

Even you have the latest tech, doesn't mean you're gonna be a success.

Did you even see a new coin who have faster-transaction with latest technology and still doing bad? even some of them is failed. The most part things from my perspective is the trust community, you see old coin "ETHEREUM, LITECOIN, BITCOIN, etc" they have the old tech.

Guess what? still strong until now.

Well, at least it uses the PoW consensus mechanism which brings in much more decentralization to the network rather than the new breed of POS shitcoins that are very centralized and easily manipulated.

Look at a joke of a coin called BNB for example. I would choose DOGE over BNB, any time, any day.

It should have been abandoned long time ago but still hasn't. It's because it's a meme coin that everybody loves and Elon rode with it favorably on him.
But no matter how low it will go and there will be no Elon or any other influential people that encourages people to buy it. There will still the community that it has got years ago before the hype that will still use it.

I dont think that Dogecoin will fail in the future.
First of all, Dogecoin is one of those decentralized cryptos in the market that has good utility, it runs with a Proof-of-Work algorithm and anyone can earn Dogecoin through the mining process.

Second, Elon Musk holds 2.5 million of Dogecoin based on what heard, so I think that amount will still be there because as we can see this man loves Dogecoin.  So, therefore, there's no reason Dogecoin will collapse or becomes a failure in the future.

Their outdated technology doesn't scale well isn't their only problem. When it comes to elon hype, at some point he would stop supporting it because of PoW. That's why he suddenly denounced btc.
And like you said community is the key. From what i've seen their old welcoming happy people have turned into toxic place. Meme is only thing they have left and they are not playing it well.

This is somewhat understandable as this tribalism doesn't only concern doge, it has risen on every community. But that's one of the communities that doesn't benefit from it in any way. It should be about fun and being relaxed, but when people lose enough money they turn bitter.

We must remember that Dogecoin is created for a meme, and one of the founders of Dogecoin, just did it for about a couple of hours. So yeah, if people really concern about the scalability of Dogecoin, then you don't need Dogecoin for it.
Dogecoin came from Bitcoin, Dogecoin forked Bitcoin then it became Dogecoin, a meme coin.

I think dogecoin won't fail, because it has already become a classic of crypto universe. Classical coins don't die, because there will be always fans and enthusiasts supporting them. On the other hand, it shouldn't be expected dogecoin to go to the moon. It has its place in crypto market, of course, but it's not going to be one of the main cryptocurrencies among all. Elon Musk can shill for doge as he wishes, but after all, even he knows it is just a meme coin, as he knows it's not possible to make money by playing jokes all the time, otherwise he wouldn't be on the wealthy level he currently is.

Doge is widely used though. It may just be monopolized by Elon. Who knows how much this man got but pretty sure this coin is not going to fail as it could still be considered decentralized and not a security. It's been a top coin since the time Elon shills for it and more whales are also holding on to it. It would have failed back when its price was just less than a cent and only a few people are in the crypto market but Doge only growing every cycle.

Same reason why I did not invest or played with this coin from day one though I once use this in gambling platform(as the fee is really low) but aside from that never that I deal with doge that deep.

though it has several bull for years yet this is not enough for me to fully trust the coin and the people behind this not mentioning that i hate meme coins.

That's why it is called Meme coin right?

It's just that when Elon Musk hype this coin then the price surges. But we all know that this is just a old coin and others like me uses it for our gambling  alternatives with Bitcoin fees are high.

So not sure why people still thinks that it is a good investment. We have been clearly manipulated by Elon Musk and other entities to buy this meme coin.

If it weren't for Elon Musk, Dogecoin would have failed long ago.

Dogecoin gained its popularity because of Elon Musk who always talk about it in his millions of followers and because Doge is the first crypto meme created there are so many coins that are low cost and fast but not as popular as Doge today, I dont think it could fail in the future in terms of scalablity issues Doge is much better than Bitcoin.

Actually it doesn't have any goal to achieve, the creator of the project sold it a long before so its a coin take over by influence and manage to survive for years so in future we don't know what's the status of Elon Musk regarding Dogecoin so its good for short term and no coin other than bitcoin looks safe when it comes to very long term holding.

In this case, it is unclear how Doge existed before, until Elon Musk paid attention to it. Of course, having such a patron as Elon Musk would be good for any project, but this is not a decisive factor in the existence of the coin. So in any case, the Dogecoin community is more important than the patronage of Elon Musk.

As we know meme coins like Doge coin or others rely heavily on the community, functionally they are not very effective, different from projects like NFT, Defi or others which can be profitable, as long as the community is still loyal then Doge or meme coins are still profitable.

All memecoins are purely depending on demand and no other factor such as utility, would save it from a market crash. This should be enough to explain why investing into these type of tokens, is risky. Its market price is more likely to be manipulated by whales; if there is a 'thick' order then small investors would follow, creating a wave and boosting its price just like what happened before. But the moment huge investors take profit, those who would buy at 'peak' would be squeezed in the middle.Quite unfortunate realitt for this industry. Even if there will be nothing from a certain coin, popularity would be enough to make it lively in the market. What's unfortunate is that, good token projects are being disregarded from choosing these memecoins.

I have tos ay it should have never been at 70 cents levels, I had tens of thousands of it at times, literally over 100k+ at peak, and I never even considered it as a big thing, if I kept it, it would have been over 50k+ at peak times, close to 100k for sure, and that could be the reason why I am biased against dogecoin.

However, at the same time I have to say that nobody believed it could be 70 cents neither, it was always something that was used for fun and not for serious investment reasons. Last year for some reason people started to invest for troll purposes, if you buy it goes up right? Then it got a media attention and all that and suddenly it skyrocketed, out of nowhere, for no good reason.

I think the coin would be going huge in the future due to Elon Musk being behind it. As well as, I can also say that, Dogecoin was better in the past, now due to the market condition, It lost what it achieved, but I think in future the dogecoin will go far better than our thoughts, the only reason will be Elon Musk.

Because Dogecoin was made after the meme of Doge so it does make sense Dogecoin still gains so much popularity in early days even before Elon Musk's tweets

Most of the investors and traders that trade Dogecoin don't even care about the Dogecoin technology and they just merely invest into this coin just for the profit and the value. So the outdated technology isn't gonna bother most of the traders out there where they probably just know about Dogecoin because it's cheap and popular among the traders.

If it's a prediction then it has a chance to fails. But who knows, what would happened next. Maybe Elon Musk would tweet something just to attract more attentions about cryptocurrency. Who knows.

Every trader or businessman tries to earn big amount of money through some new strategy. Elon Musk is one such person. He can do anything for profit. Recently he bought Twitter and we see Doge Coins pumping when Twitter is doing well and prices falling when Twitter has negative news. There is a large community following him in his other businesses as well. If at this time Elon Musk releases any positive news about Doge Coin then it will definitely reach good level. It should be remembered that he is a famous and big businessman in the world. He has to take every step very carefully. But I am confident that if the market conditions improve, Elon Musk can also offer something good things for Doge Coin. If Twitter accept Doge coin or adopt the payment method then the price of Doge Coin can go up to what level that beyond imagination.

Doge existed before, but Elon and his army of followers pushed Doge's price to the sky! As I remember he was accepting Doge for buying Tesla cars, I wonder how many people (if any?) purchased Tesla with Doge coins?

I agree that one person is not so important factor, but if take Doge as an example, we saw what happens when one person with a deep pocket and lots of followers decides to enter the project with full power! I guess this can happen again, to any other coin.

Dogecoin has no outdated blockchain, if you can judge dogecoin this way then it's same thing for Bitcoin and every first crypto projects like Litecoin etc.

Dogecoin works very well as intended thats why we love it, low gas fee and a more reliable blockchain, a scam free compared to new crypto projects nowadays.

A crypto project will only die if people stop supporting it, what makes crypto projects strong is the love of the community and Dogecoin has this big community love behind it.

Dogecoin gained popularity because one billionaire was bored one day and he thought to make joke about meme coin on the twitter. The billionaire is none than Elon Musk who made the craziest funny jokes about DOGE coin and it's possible applications in his virtual space. It got pumped like crazy because peeps thought that it has billionaires back and they can safely earn millions of dollars out of it.

Only few of them were able to gain huge amount of money from this incidence. I mean they might have been investing DOGE at right time and opportunity. Those who were going FOMO did investments at very wrong times and lost till the last penny.

Definitely fact check needed before saying anything about DOGE.

Dogecoin would still be around, possibly not for the price it is now, but it is listed on almost all exchanges and before dogecoin faild, many others will fail before. If Elon continues with Twitter, then it will become his playground and I think he will want to try something. The fact that there is no limit on Doge is not positive, but Doge is there for fun.

It was created to be a meme or something that correlated with a joke coins or something like that which surprisingly it do still been alive and kicking after all the years considering that it is one of the oldest coin
too that we do have in the market, it does signify that as long there would be some demand then it would be still remain alive.There's no man on this world would be able to tell and make out some
conclusions on how a certain coin would really be ending up.As long there would be recognition then no one could really tell on how long it would be lasting.
As long there's recognition and application then it would really remain to exist no matter what.

This is undoubtedly one of the main reasons that do not attract me and the majority of investors to Dogecoin; in addition to the fact that Dogecoin has no technical benefit or an actual project, it is originally a currency for jokes and a project without clear goals, so it may fail in the future and be replaced by one of the other projects. Still, through Billionaire Musk's support for Dogecoin, I believe that his support is the lifeblood of this meme coin, and this is why thousands of investors turned to invest in it despite all the negatives that follow from that. Investing in Dogecoin needs a lot of courage and excess money because it is an investment full of risks, although there is a possibility of earning huge returns.

The recent bull market is full of "influential people" who shilled coins so hard so it would pump and DOGE is one of the token that received that kind of treatment in the last bull market. I know it is a shame that people who are new to the market are being controlled by these influential people that makes the shilled token rise. Though the shilling that Elon made make many people gain profit and I believe that majority of old DOGE holders are the one who gained the most profit. DOGE is a meme coin and I don't think it will fail even if Elon didn't shilled it. It will stay at it's current position at least even without Elon help.

That is really true...Dogecoin has been overly manipulated and controlled, shilled by an influential personality and it was the reason why it survives. But what really happens if they pull out their support into this project? Yet, no matter what we do and even having the current condition of this project the future will remain unpredictable. But never I think it will fail instantly and turn into a scam like Luna and many others. We know that Dogecoin is here for many years and that was already an unbeatable existence.

if dogecoin remains with zero innovation whatsoever eventually it will fall just like any other meme coin and i'm sure of it, that's because there are always new meme coins being created that is trying to take some market share of dogecoin and in the long term that could affect doge coin, just see shiba inu with its innovation even though it seems right now doge coin is still going strong that's because all the shill coming from elon, even though there's certainly bigger chance that this coin will just stay as it is becoming a meme coin leader, that'll always retain its value.

I ma not a fan of Dogecoin, but this may be a small probability. We know Dogecoin, although a meme coin, is an old coin, used on many platforms, and moreover has a very big community. We know that they have quite a weakness due tot heir blockchain technology and their scalability, but the fact, the Doge coin has its power so far, becoming the main meme coin that is aways used and remembered.

This may be hard for Dogecoin to rise up and pump as the previous hype, but they may still have value and can survive in the crypto market. Now, they have quite a strong competitor, Shiba Inu that provides much better technology and offering. However, until now, the Doge coin still gives a certain influence and interest. We may not be sure about the future, but as long as the condition is still similar to this, Dogecoin may still last longer. But, if once big FUD spreads that will really kill Doge, we must be careful and ready for every probability. STay careful of any condiiton.

No, Tesla has never been sold for dogecoin. There was such an option to buy Tesla for bitcoin, but it was subsequently canceled. After that, Elon Musk announced the sale of Tesla merch for Dogecoin - it was a year ago, and this option is still available.

Doge coin is like coin which doesn't have anything to lose in first place  :P

In this bear, there are better coins than doge to look at and you are better off predictions and personalities, they just cloud your vision.

For dogecoin this is a huge problem, for years it has depended on hype to keep investors interested despite the fact the coin is for the most part useless, and since it has not disappeared already some of its most stubborn defenders believe that it can last forever, but this is simply not true, at some point the hype will go away completely, and when it does, not only dogecoin will not be part of the top 10 anymore but I doubt it would be part of the top 100 or even the top 200.

As far as I know, dogecoin was launched by two software engineers and made for entertainment purposes only, with no fundamentals whatsoever in the beginning. It's intended to be just a meme coin. Dogecoin has an unlimited supply, and there's no further utility. It started to get more attention when Elon Musk became interested in it and made a tweet about it. He became one of the most loyal supporters of dogecoin and built a hype around it that ended with the price massively increasing.

I honestly have a pessimistic opinion about Dogecoin's future if they only depend on Musk's hype to exist. Probably the downfall won't be in nearer time, but it's almost can be predicted if there's no other things that can build people's excitement due to dogecoin.

I don't think Dogecoin is going to die. Elon Musk prefers it. Musk has a lot of brainless fans. When Musk posts support for Dogecoin, many people will buy Dogecoin. Of course, many people will buy or sell Dogecoin depending on the timing, because they all want to make money.


Dogecoin is a relatively successful memecoin.

Yeah so it is based on the same technology as bitcoin but you call it outdated? Bitcoin isn't scalable too, why hasn't it failed? But yes, like all other coins doge coin there is a chance that dogecoin might fail too, but that is very likely to happen. The community support is huge and it is still cheap to transact with dogecoin. Maybe it won't reach $1 or get pumped like before, but there will always be people using doge coin.

The main reason Elon Musk is because he hopes that the price of Doge can skyrocket so that he can get a big profit, according to many reports that Elon Musk has a big stock with Doge, of course he has the capital to continue to pump Doge and then when he feels getting a big profit then the best thing is immediately sell.

Dogecoin does have an outdated blockchain, but that doesn't mean that will be the problem. but Dogecoin will fail if it no longer has a function that can be abandoned by its fans.
We all know that to this day Doge is still used as an alternative for low-cost transactions and it will always be a favorite for everyone who wants to transact using low-cost crypto. so there is no reason Dogecoin will fail.


but as for the price of Dogecoin, I don't really know the predictions that will happen because behind Doge is Elon musk. surely we know what will happen.
and what needs to be remembered is that Elon musk is just the artist behind Dogecoin, don't trust artists too much

lol as long as there are ELon Musk Believers Dogecoin will remain like this , it will go up in certain period and will easily dump after the manipulation , we can still earn from this if we will get the chance to take the right timing when to invest and when to sell.

Doge coin could fail because it is a failed project to begin with. It was never meant to be this big, hell it was never meant to be going on this long neither. It is funny that people think that it is a legit project that you should invest into.

Just because Elon said it, doesn't mean it is good, people put Elon to a high table and they thought that he was a great person, we have seen how terrible of a human he could be, dude literally hates everyone who steals his spotlight and he has been acting out for the past few weeks as well since the twitter takeover, he has lost his mind. So this is the guy everyone believed and bought a coin, that makes no sense to me at all.

Dogecoin won't be deserted, it will constantly be recognized as one of the minimal expense coins and individuals will continuously involve this coin for exchanges. In any case, to put resources into this coin, I for one wouldn't make it happen, in light of the fact that essentially this coin doesn't have sufficient basics and biological system, just depending on their local area which keeps on peddling like for instance what Elon Musk did some time prior.

That seems right...fees it a little bit far from ETH were it become a reason that many traders are still using this Dogecoin despite the negative view we heard.
It is coast reliant and this could help people will not abandon this project but rather keep this alive.
In fact, as we can see even before Dogecoin had never been out of the top 20 coins in the CMC. Meaning, there is huge support from the community, not just Elon Musk who has been shilling this in the past years.

For a long time that there's no one that have noticed Dogecoin, it's been there stable and not the choice of being delisted in exchanges.

Exchanges have already recognized that there's huge community that backs it up for Dogecoin and they'll lose a lot if they will delist it. And even if Dogecoin will fail in the future.

It's not that a big surprise because whether it fail or not, people have already recognized what Dogecoin is.

it may just go back to where it was if this old meme coin will not be developed. i missed those times that we enjoy much cheaper tx fees for this coin. right now, they are not that cheap anymore compared to before or to other alts. most exchanges have their doge in their trading list, so i don't think they will just delist it for no reason. doge has been popular already even before elon picked up this coin to promote via his tweets. so i would say, it has solid foundation already. unlike new meme coins or tokens, where they can easily disappear. but with doge, it may just go back to where it was.

No.  Altcoins and fads usually only get one massive pump or bull run.  Can you makeover with doge long term, maybe.  But with the block rewards set at 10k new coins each minute forever, usd pricing will never be able to keep up.  Value in usd will continue to drop even if demand stays static, just because the supply keeps going up.

Without technological advancement, it will become obsolete.  Dogecoin will be lagging in technology and problems will occur.  Aside from that, the Dogecoin supply is not capped, meaning its supply will inflate infinitely.  When there is a surplus of supply the demand suffers, when the demand suffers, the price plummet.  When the price plummet people will look for other beneficial investments.  It is the norm in investment so there is a possibility that Dogecoin will eventually fail if there is no improvement done to its technology.

Dogecoin's price falling in the future? Yes. But even so, I think Dogecoin will survive because of its decentralized and censorship-resistant nature. Before Elon Musk began supporting the cryptocurrency on Twitter, Dogecoin already had a respectable amount of supporters behind it. If Mr. Musk gets bored of DOGE, the community will help prevent the coin from collapsing in its entirety. Dogecoin may not scale towards millions of people worldwide with its on-chain capacity, but it's still a fun cryptocurrency that doesn't "break the bank".

My guess is that developers will port "The Lightning Network" into Dogecoin, once network usage increases by a large margin. As far as I know, there hasn't been any network congestion yet, so scaling off-chain would be something of little concern these days. Who knows what would be of DOGE in the future? Just my opinion :)

Yes! I also miss those days when it's too cheap and we're all happy to do transactions and no complaints about the fees.

Well, like the old days everything has been okay but what we are experiencing right now is part of the market's maturity and growth.

It's possible that Dogecoin might be delisted by some exchanges but who's going to dislike this friendly meme coin?

Dogecoin supporters seem to believe that just because dogecoin has always been a meme coin without too much emphasis on its usefulness that it can keep being a useless coin and nothing will happen to it, but when we have hundreds of other coins which are following the same formula then the huge level of competition will at some point cause dogecoin to lose popularity, and once this reaches a critical point it would not surprise me to see the value of dogecoin crashing and never recovering.

Every coin gets delisted from exchanges for unknown reasons. But I can tell you that DOGE will survive because it's one of the oldest cryptocurrencies on the market with a strong community behind it. Elon Musk may have "pumped" its price last year, but it seems things have settled up a bit. Prices aren't moving that much because there is a lot of negativism surrounding the crypto/blockchain industry. Dogecoin wasn't meant to be used seriously, so I wouldn't expect huge returns from it in the future.

I'd be surprised if it goes to $1 due to hype. If that happens, network fees won't be inexpensive anymore. I'm pretty sure developers will think of something before network fees soar like crazy. Who knows how far will the "meme" coin go? Just my thoughts ;D

What? Because of outdated technology? Jesus, who cares what technology DOGE has anyway? It's just a meme coin that Elon Musk speculates on in his tweets. It's not some protocol or technological project that solves certain problems, it's the most ordinary speculative coin, whose value depends on the mood of a certain person. Most investors don't care what technology DOGE has, all that matters is how Musk promotes it.

We have Solana as another popular meme coin but look, it is slowly out from getting popular and only Dogecoin remains strong and gain huge support from the community. Well, I couldn't really say that Dogecoins is useless because of its very low fees compared to ETH, many people have the option and converting their coins with Dogecoin and moving their coins to another wallet. Because if people are totally right that this coin is useless, I think we never see this among the top 10 coins in the market but see, it was there.

it is possible that in the future Dogecoin will be remade because he has already adopted Elon Musk. as the richest man in the world I don't think it is difficult for Elon Musk to create a new version of Dogecoin that will get better technology in the future and regain the popularity of the old Dogecoin.

Elon Musk is just one of the reasons that made the Dogecoin price increase, as long as the community supports the token just like SHIB then it's not impossible to keep growing in upcoming years. If a problem like outdated blockchain technology occurs and Dogecoin needs a better blockchain that supports more transactions then the community will have the solution since the Dogecoin community is not small one. The one that makes a token fall is there are no utilities so a token which not has enough utilities won't come back to its previous ATH.

It's simple really.  Dogecoin can fail because demand can't keep up with 10k coin block reward every minute for eternity.  People don't understand that demand always has to increase at least by the amount that total supply goes up by, otherwise the price will fall.  Inevitably there is no way price can go up due to this.  Just simple economics.

I mean it's true that elon could simply hardfork the current coin and made a new ones that he could reign over but then again it will be different coin then, I think the point is that elon will definitely never make a hardfork version of the current coin since it seems might not be in his best interest making coin all over again, his interest is just riding the waves so that he could make some quick profits I guess and will never take the more complicated way.

It should be obvious that Elon is not really trying to build anything in this market, he is only interested in exploiting it for his own benefit, and while this is not wrong by itself as everyone that invest their money in any market thinks about earning money, the difference is that we do not have the power he has to manipulate millions of people to go against their own interests and make investments that are terrible for their long term financial health.

Price-wise, Dogecoin will fail. But I think the network will survive thanks to the way it was designed. There's a respectable number of nodes and miners backing the DOGE chain, so don't count on its disappearance anytime soon. The creators of Dogecoin always said it was never meant to be used as a serious cryptocurrency. With the huge supply alone, DOGE will be unable to maintain a high price for long.

At least, the network is fully functional. Who knows if DOGE gets to outlive most coins in the future? Just my thoughts ;D

I think it is just the constant need to be liked that is about him that made doge go up. When he promoted doge, everyone loved him, everyone made millions and they promoted him and showered him with love and that is why he kept it up, but then there is this weird thing in him that pushes the boundaries and tries to get liked even when he does the opposite, he wants people to love him no matter what he does, not just love him but literally worship him.

So, it is obvious that we saw doge go up, and we saw it go down as well. There is no way that Elon would ever care about anyone in the world aside from himself, doubt he even cares about his family as much as he cares about himself.

We should bare out into our minds that Dogecoin was just still having that kind of value and support on the community before Elon do take up some involvement which does simply means that whether

Elon is there or not in towards Dogecoin and as long the demand and recognition do still takes place then it is really impossible for it to fail in the future.Its a meme coin and those veterans or experienced

ones in the market are really that aware on what it is, we cant just make out some direct conclusions on where it would be going.If you are the ones who do believe  that it would fail
then its up to your own choice whether you would engage or invest on it or not.

Indeed, the strong support from the community keeps this coin even more helpful than other projects. In fact, many people think that it was just a shitcoin but they never see how this become valuable to traders and miners. For me, Dogecoin will remain as a meme coin with some function and value in the market.
Not by chance due to its huge supply but for sure this coin is still alive and working.

Dogecoin got its popularity through influencers. If not, this could've remained the same as years back. It is not an easy thing to end the market of dogecoin. Sudden growth have created expectation among the common investors, and this being one of the oldest available in the market won't fail easily for the mentioned reasons.

Maybe there is lack of development, but it's usage is experienced all around the market for some needs. Surviving such long years is not an easy thing. This means amidst its lack of development there is real usage of dogecoin which makes it move forward.

that'd be really bad idea honestly, there's no point in recreating doge coin again and elon will gains nothing from it, honestly even his shill of doge is all just for fun not for real money, i'd say all his gestures involving doge coin is all just for a joke, he was never really that commited in having dogecoin integrated in his platform in the first place other than just attracting some attention for marketing.
I'd say elon would never ever made a forked version of doge and would never create meme coin as this would decrease his integrity, more over less and less people are trusting his words.

The popularity of dogecoin will definitely improve higher in the future, because the managements will not allow it to fail than to do everything possible within their power to make it dominate in the market. Since investors are still looking for a way to invest their money on dogecoin in this season, showed that the future of dogecoin will be brighter than it's now because their developers wil like to prove to their investors that they are more active to satisfy their investors. Now that the price of dogecoin has decreased to this level were poor people can buy and hold to be part of the good news that is about to happen to those that used the opportunity wisely on dogecoin investment.

It is true that the management of Dogecoin will not let the project fail and will try their best to restore Dogecoin's glory and make its popularity even higher in the future.
What's more, it is supported by the large Dogecoin community and support from several well-known people and world billionaires.
But remembering that during the heyday of Doge coin last year, it only lasted a few moments and immediately experienced a significant price drop, even though many investors and traders had entered to buy Doge in large enough quantities and in the end many were still stuck at the top price.
From there it can be concluded that even in the future new investors will be afraid to buy Dogecoin because when the price starts to rise, investors and old traders who are involved will sell all their assets to recover losses and what happens is that the Doge price automatically drops back down before reaching The new ATH.

An Outdated Technology doesn't mean a failure and on the other hand, an Updated Technology doesn't mean a success.

The fact that DOGE has been listed on many exchanges just shows that many are still supporting and using it. I'm using DOGE to transfer my coins because of its low transaction fee and relatively higher transaction speed. There are many people who are still using DOGE right now. It has been created as a tipping coin but even though it hasn't been used that way, there are still people that are using it for other reasons.

Now with regards to Elon Musk and DOGE, what is the last time Elon said about DOGE? I mean I'm not updated, and I don't want too but I assume that he isn't hyping it anymore.

The reason being on the old blockchain wouldn't be strong enough to make dogecoin become obsolete in the future, why? because the community support is strong enough for this coin it is proven that Dogecoin remains in great demand and Elon Musk will be one of the factors making Dogecoin go back up in price and we know that many people involved in crypto are focused on profit and every increase in price will give profit to the holder

And the worst part is that there are many people that are willing to worship him in the way he wants, since it is not rare at all to find in this forum posts about people wishing for Elon to notice their favorite meme coin so it goes up in value, and if this happens here in the forum then it is easy for me to imagine that things are even worse on social media websites, where the level of discussion is several times lower than what you can find in the forum.

Who said it was a failure?
Who should define failure and success? If the investors of Dogecoin are only for profit, I think they have successfully harvested a lot of benefits, is it not considered success?

I don't think Elon Musk will support Dogecoin forever. He wanted to have fun with Dogecoin and he did. However, I don't find it correct to explain the future failure of Dogecoin with its price. Dogecoin is a memecoin. It is the ancestor of memecoins. It has a position independent of its price... Under normal circumstances, it is absurd that we even talk about Dogecoin today. I think we cannot explain this absurd situation today, so we may relive the times in the future that we cannot explain this absurd situation... It is a memecoin. We don't need to look for logic in Dogecoin. :)

the thing with this coin is that it's value was mainly driven by the fame that it has, once that lost and the meme trend somehow becomes boring, it will eventually get left by many, the only thing that keeping it alive until now is the fact that many still rides in the train of this coin because they wanna make quick money and that's it, they always waiting for other opportunity like before which of course rather uncertain but still could be happening, but eventually, dogecoin will reach some point where their valuation already tremendously high that it isn't sustaining.

Yes, remember that it is a meme coin to begin with, and then when some famous people hype and drive the coin, ehem, ehem, Elon Musk, people suddenly thinks that it is a good coin to invest. But if you look closely, it doesn't have a used case so what is all the fuzz about it?

In any case though, I don't think it will die, it will still have the support of the community, some old heads as they call because Doge truly represents what a meme coin it.

But we knows, maybe in the future it will have a good pump and dump.

Dogecoin in my opinion is one of the few cryptos that is quite stable and has survived to this day. Even though Dogecoin is memecoin, it seems that until now people are still interested in holding this token and it looks like it will continue in the future. So what you're saying is that it has an outdated blockchain, that I don't think is a compelling reason for Dogecoin to be abandoned by its holders.

This is the part that complicates things, especially for me. If Dogecoin was created as a memecoin but has continued to show relevance in the scheme of things, can't we embrace it for its relevance and utility then? Virtually every memecoins that came after dogecoin has bitten the dust but Doge is still standing and doing surprisedly well.

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OP, if I ever had the type of conviction you have that Dogecoin won't do well in days to come, I would simply be taking a short on it with high leverage so I can cash out. It's that simple. So, would you pull the trigger?

Dogecoin is a classic meme coin, a pioneer for meme coin branch in crypto.

A biggest factor that helped Dogecoin to exist after a few bear markets is its algorithm. Proof of Work is a very great algorithm as if there are miners, the coin will continue to exist with a lively operating network.

Dogecoin is different than a 2020 meme coin generation which is mainly operated by Smart Contracts. I see more risk for security, centralization, hacks, compromises with Smart Contract meme coins.

It could be the best way to earn loads of profits in the near future. However, we still need to be way precautious than the previous hike that was done either intentionally or may be it was failed experiment over the period. Considering the fact that Elon was behind the DOGE earlier year but somehow he played all of us. I wish he would have kept the promises that he made. In current year, SpaceX was supposed to launch the DOGE funded space program but Elon never did it. Anyways, let’s just hope that we see some good pumps later in the time.

Wrong wrong wrong wrong.

Dogecoin is an improved setup as compared to btc or ltc.


dogecoin has cleverly solved the problem that plagues both BTC and LTC

the ½ is an issue and dogecoin no longer does it.

so every year doge adds an exact amount of coins which never ceases so miners will always get a reward.

But but But what about inflation.  Here is the genius of doge

year 5 there were 5x coins
year 6 there were 6x coins that is terrible 20% inflation

year 10 there were 10x coins hmm
year 11 there were 11x coin hmm inflation dropped from 20% a year to 10%

year 20 there will be 20x coins
year 21 there will be 21x coins wow only 5% inflation

year 50 there will be 50x coins
year 51 there will be 51x coins amazing now down to 2% inflation

year 100 there will be 100 x coins
year 101 there will be 101 x coins now we be at 1% inflation rate

if we develop fusion for electrical usage world wide doge is poised to last for thousands of years.
if we do not develop fusion for electrical usage world wide we are basically fucked.


To me the LTC/Doge concept is brilliant.

doge does 10x the blocks btc does.  so it scales at 10x easy peasy.

doge can be made to do larger blocks 32million size vs current size 1 million

so doge can do 32 x 10 = 320x more transactions then btc can do now.

btc does about 300,000 daily transactions so 320 x 300,000 = 96,000,000 possible divide by 2 and get 48 million daily transactions without an LN

network set in place.

Doge may have been disguised as a joke so as not to be targeted as the real and true threat it is to BTC and the truly dirty  POS coins like ETH.

But the reality is Doge is the best hope for the human race to survive and thrive not any other coin.

Elon please pump it. Please tweet.  :( >:( Doge to the moon. I need money so that I can sell my doge shit coins to other stupid investors.  :-\ :-\ :-\ :-\

Although Doge is a meme coin the fact that it skyrocketed from 0.0028 to 0.70 dollars has put a precedent that people now most likely relate Doge to that huge skyrocketing in price and there are a lot of people who believe it will recover again in the next bull run,most of the people are mining it but there are also people who are buying it for this reason because they hope in a good recovery.

Based on these facts I think these are enough for Dogecoin to not fail in the near,medium and why not also in the distant future,the fact that is Scrypt mineable meaning a lot of devices like Antminer L7 can mine it add to this fact,that it won't fail in the future.

Dogecoin had its growth in a calm way though it hasn't got much of real-time usage apart from gambling and on few stores accepting it into business. The influence of Elon Musk gave it the bounce and are more visible to the common people who never thought of dogecoin to grow this high. So, the growth won't get disturbed at any situation. Same as the past it keeps its survival.

Dogecoin doesn't need Elon Musk to survive in the long run. It has been there before the crypto hype, so I'm confident it won't go away just like that. Prices may fall, but at least the blockchain network will be active. That's thanks to the community supporting it every step of the way.

I wouldn't use Dogecoin seriously anyways, especially when it's a "meme" coin. It's value is driven out of pure speculation. With a huge supply that constantly grows over time, there's no reason to believe DOGE will sustain high prices in the future. Who knows how much will the cryptocurrency be worth by then? Just my thoughts ;D

In that case, I suggest you pray hard, if Elon fail to tweet there won't be any pump for dogecoin anytime soon. Now that Elon seem to have his hand full with runningof his newly acquired Twitter, I doubt he has the time to make a tweet.

As you've said, up until now, people are still holding and interested to acquire more of this dogecoin. But aren't you curious and confused why people are still looking forward with it despite having no utility and categorized as one of the meme coins? That is because they are waiting and hoping for the next trend where another crypto whale will try and manipulate the market into their own benefit, and once that happens, those said people who held their coins will also ride the wave.

Elon Musk has become so imposingly synonymous with DOGE that many investors have started to use just his words to make a decision to buy or sell the asset. This is only realistic in the crypto market. I'm not sure that such manipulation is possible in the stock market. DOGE is good for speculation, but its future is murky as a good long-term investment. There is no telling what will become of the coin after it moves to PoS, if it ever does.

Why some people just know dogecoin after Elon musk jumped into it? This coin has existed a long time ago. Some People always said that dogecoin is fall or dumped now. If you hold it since 2013-2014. You' still in a big profit now or even You'll be rich when the doge price reach ATH. Dogecoin have a good and active community.

I think Dogecoin is a very strong project and the main point is that a Alon musk support of this project so they show that it will be a successful project in future.
According to my experience is that one the market situation is good so the project definitely achieve their goals.

Even if Elon wouldn't support it, Doge will rise. Doge hash rate is even rising more and more because more people are getting into it than investments they can't afford. It's one of the most googled coins.

The success of Doge can be compared to the success of LTC. Although they may not really rise high like thousands in just a decade like BTC, they are going the long game.

How hard to update the technology behind the blockchain? Just active devs team is more than enough to do so. When dogecoin was pumped from 30 satoshi to 1000 satoshi, dogecoin's official core wallet was not syncing at all; still we experienced multi-fold growth (now dogecoin got a fully functional wallet as per I checked last). So, if you are complaining about their blockchain technology then I guess it would be matter of one or two weeks or months time to get into a new technology.

I wish, new active devs to cap the total circulating supply as I remember initially dogecoin got limited supply like 100 billions (please correct me if I am wrong) but after that devs changed it to unlimited supply.

The fact that the Dogecoin level rises with Elon Musk shares and the price depends on this does not inspire confidence. Besides, there are at least 100 different projects with higher potential than DOGE. frankly, I think its value will decrease day by day. especially if musk withdraws his support, I doubt it can even exist in the market. nevertheless, you can never speak for sure, everything can change if there are some changes in the company and a new road map is adopted.

The biggest reason is its endless trail of 10,000 doge block rewards every minute.  There is no possible way demand can keep up with an ever minting supply.  Eventually this will just keep dropping and dropping.  Doge had its pump, it's over.

For us who aren't into manipulations yes, this is a turn off but for those who are into it, Well they are still positive about doge that musk is still into it and will pump the coin sooner or later. There are different cryptos. Some are unique and has it's own charm. This isn't only about use cases and utility. Like for example dogecoin doesn't have that but it only got popular because it is a meme coin that originated on that dog who went viral on the internet and later used in the memes.

If your goal is to earn a profit then dogecoin might still give you that by the time the trend came back but if you are into the coins technology then there are better coins for this. It's only about preferences.

If Doge fails because of its outdated tech, so can ltc and btc. That's the exact reason why doge is not going to fail because tech has nothing to do with its success. Tech can be updated. People say bitcoin is outdated but it had a major update (segwit) few years ago and it helped a lot with the scalability issue. Also there is a second layer (LN) working on BTC.

Doge can have those updates too.

Still though, the tech is not what makes doge valuable. It is the memes. If people suddenly stop liking memes, that's the day doge is going to die.

Dogecoin is only a meme coin, it has no fundamental, mate. And its total supply is unlimited. How can it is a very strong project?
Elon Musk supports it now, but we don't know how long Elon Musk will support Dogecoin. Elon Musk can stop supporting it at any time, if it happens Dogecoin will suddenly drop its price significantly and it probably drops out from the top 10 coins. It is strange if you assume Dogecoin is a very strong crypto project.  ???

I believe the uncapped supply of Dogecoin is the reason for it to fail in the future.  With the competition getting tighter, Dogecoin having infinite supply will greatly hurt its market.  We all know that the foundation of any market is the supply and demand, with infinite supply and declining demand due to competition,  may bring the Dogecoin to failure.  Unless this issue is address, I think Dogecoin future is to fail.

so what's the reason you say doge project is very strong? even though we all know that doge is just a meme coin without any utility.
is it just because of elon support? I think that could be a weakness for doge if one day elon goes bankrupt or loses interest in crypto. I think a strong project is a project that grows and grows bigger because all communities are not just one person. but apart from that problem I am very amazed at doge and appreciate it because currently only doge coin memes are consistently ranking up and currently doge is ranked 8th CMC (very extraordinary)

Dogecoin is a very old cryptocurrency that has made it this far. I'm pretty sure it will survive even if Elon Musk decides to abandon it sometime in the future. I like the fact that DOGE is an inexpensive cryptocurrency, which makes an excellent tool for micropayments/microtipping. The community is still going strong, so I'd envision Dogecoin outlasting many of the coins we know and love today. We can't say the same about Shiba Inu which is a clone of Dogecoin built on an existing blockchain network.

Most of the "meme" coins (including Dogecoin) are driven by hype, so I wouldn't be surprised if prices pump like crazy for a short period of time. As long as you don't put all of your life savings into these kinds of cryptocurrencies, you'll have nothing to worry about. Just my thoughts ;D

Perhaps you are wrong in your assumption that Doge is just a meme coin and no utilities. It survives and remains one of the top coins in the market because of support from the community. FYI, some traders are using this platform because of its low fees compared to Bitcoin and ETH, which give them value.

https://cointelegraph.com/blockchain-for-beginners/dogecoin-doge-vs-ethereum-eth-the-ultimate-comparison
https://www.investopedia.com/terms/d/dogecoin.asp

Without Elon Musk, Dogecoin will remain on the market. I'm not going to say it was a strong coin and highly recommendable for investment but I still know that some investors will not giving up Dogecoin even in the future.

If you look at the position Bitcoin are in this current market situation, you will know that Bitcoin is still more better than Dogecoin items of profits making in future. Many traders prefer to invest their money on Ethereum or Bitcoin than investing in Dogecoin that is not developing any sign of improvement in this season, like what other coins are demonstrating in the crypto market to make their traders have hope of achieving something good from their investment. I don't think, Elon musk will still make Dogecoin popular in this season because many traders has made Bitcoin and Ethereum as their choice in this bearish season, because it will be difficult for Dogecoin teams to make it pump more than Bitcoin and Ethereum in the future.

I don't think it's about Elon Musk anymore. Look at how many topics about doge have been created on the forum lately. That is, so far this coin is very popular, it is mentioned more often than other shitcoins. That's the only reason to call it strong. Because while around doge there is a hype, it is really stronger than other projects, as it is not surprising.

When it has no value, it will naturally give up. Elon Musk’s real ideal is to go to Mars. It is not impossible for Dogecoin to support new currencies if it has no value. He has Twitter as a platform, and he can succeed in everything.

We are talking about dogecoin, and it is a memecoin, you cannot compare it to bitcoin or ethereum it is a lame comparison. Bitcoin and Ethereum have always been our top picks and no other coin can compare to them.

Doge is just a meme so don't expect it to update or upgrade, it's simply a memecoin with no utility, no usecase...But I'm pretty sure doge won't die or disappear even if Elon declares not to support it, doge has been with us for 8 or 9 years. It deserves to be the king of meme coins.

Indeed, Dogecoin is not a valuable coin in the market and has no strong market fundamental but it could be wondering why it was still there and belong to the top 20 coins of the crypto market. I couldn't think this really happen to meme coins like Doge. Therefore, I could say that Dogecoins is somewhat special among others. But yes, it was not a good investment, maybe for some purposes it could help.
I was thinking about what will happen to this project if Elon Musk gives no support on this, maybe this will be the time to see what really is the capability of this coin.

At the moment, we can say for sure that Doge coin never reached $0.11 per coin, which means that the forecast was not correct. However, this does not mean that Doge coin will collapse, allegedly due to an outdated blockchain. I am sure that such statements are complete nonsense. As for the future of Doge coin, I am sure that this coin will be a surprise, or rather its holders, because who knows what will happen after the crisis? Perhaps Doge coin will show again the flight to the moon and probably the same Elon Musk plays a role in this. In any case, I hope so.

It was very popular as a meme coin but a billionaire like Elon Musk pumped a lot by shilling this coin.  Which no one ever imagined . It doesn't seem like it will ever die but its price won't stay high for long due to its oversupply and it could drop below a cent again in the future if Elon Musk stops shilling it. But if Elon Musk keeps shilling it, it could pump higher again

Yes it is mainly because of Elon, but it was there a very long time and now it shines.I believe that yes the popularity of the coin will soon fade but then it will still some time to make it more known to other people, especially it is used to gambling site as well, I love using Doge rather than using btc nor eth because of the fees and the transaction speed. I just have its team has the plan for this coin before investors pull away their investment.

Dogecoin current rally is 80% depend upon Elon musk which pushed hard this coin. Before Elon push Dogecoin was imagined just a meme coin and many telegram admin was using it for tip purpose. After Elon push it's price surged hard and it's beat many top class coins. I think when Elon not stay here it will be failed and many investors will leave this coin.

Dogecoin's popularity will not decrease much with the price drop.  The main reason for its price drop is its high supply so it can't sustain its high price for long, the moment Elon msak stops shilling Dogecoin it will start going back to its previous position. Yes it is true that Dogecoin is now widely used for gambling and gambling with it is very affordable.  But if its price goes down, it will be used more for gambling

Elon Musk really has a big role in increasing the price of Dogecoin,
it is common knowledge and if we see in reality it is like that,
if it wasn't for Elon Musk maybe Dogecoin is just your average meme coin that has had many failures

We have thousands of other coins in the market which does not make any sense, the fundaments of Doge, are you able to transfer dogecoin with a smaller transactions fees and you get the confirmation within a few minutes, the answer is yes. Majority of the casinos accept Doge and there are many merchants as well that accepts Doge and hence it is far better than majority of the coins in this space even though it is a meme coin.  

Anyone getting into the crypto space can spend some time to understand how to create your wallet, store them safely with a few cents if you are using Dogecoin and then move to BTC as the same safety procedure is applicable to the rest of the coins.

The negative side of it is it could be manipulated by Elon Musk anytime and it will not stand firm as a potential coin without depending on a famous personality. A potential coin could stand on its own and the trust of its users and investors will be its foundation but if it relies on someone, I don't think it will still grow as a potential coin in the future. We all know that Elon focuses only on enlarging his territories so he will only take advantage of this coin for his own benefit.

I don't think that Dogecoin is currently a good investment in this market in terms of making a profit in the future. This is evidenced at least by the fact that with the current slight increase in cryptocurrency prices, the price of this coin did not rise by the end of the past year to the projected price of $0.11, but remains only at the level of $0.09. Like bitcoin, this is a general purpose coin, without any additional useful features. But Bitcoin wins primarily due to its popularity, and against its background, Dogecoin has no chance of achieving good price performance in the long run.

Many people believe they're going to get rich quick with Dogecoin without truly understanding its economical model. A coin that was designed to be inflationary, cannot retain high prices for a long time. DOGE has billions of coins in circulation with new ones being added to the blockchain every day. What's been driving its prices to the moon has been Elon Musk with his tweets. But it seems to me that hype is fading away, as investors move on to the next big thing in crypto.

One thing for sure is that Dogecoin's creators never intended people to use it as a serious cryptocurrency for daily payments. While I believe it will survive in the long run, market prices won't rise that much compared to other cryptocurrencies such as Bitcoin and Ethereum. Crypto was never about the price anyways, so as long as DOGE works as intended, we should have nothing to worry about. Just my thoughts ;D