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I'm surprised to see an abandoned coin like Dogecoin surging in price like crazy. People are overestimating Dogecoin without realizing that it was never meant to be taken seriously. The huge supply of DOGE in circulation, along with abandoned development and innovation, tells me that it should be less valuable than what it is right now (please correct me if I'm wrong).

What are your thoughts? Do you think Dogecoin is overpriced? If not, why? Your input will be greatly appreciated. Thanks. :)

We are both legendary members, and we are here for centuries. I can't say expected this from Doge! I have some amounts here and there, but if I knew this will happen, I would save a lot more! I say it like that because I gambled away a lot of Doges, simply they were cheaper, a lot cheaper...
I am not sure is it overpriced, if I have to choose yes or no, I would choose no! Simply we underestimated the power of Doge and Doge community! From people to people, that was on their site back in the days (maybe still is, I am not sure, I didn't visit doge site for some time). I think more people will join Doge movement! After all it's one of the rare decentralized projects, fully decentralized! And that means something, looks like it means a lot more as time is passing!

A lot have to do with the hype that community and influencers created about it
but even though meme coin DOGE is not bad coin after all,
I hold some from 2015 and originally was using it to move from one platform to another because of the low fees
now with all the hype I am happy I got it and plan to keep holding it
would be good if we see some development from developers and fresh website

People wouldn't care if it's abandoned or not or it's overpriced. What people are caring for is that if it's profitable and if Elon's keep on publicizing it.
That's the most important factor that most of the investors that are getting on it care about. If it's been tweeted by Elon, that's all that matters and that's going to be profitable for them.

The price will tank one day and the all investors who believe Doge has the future will sacrifice their investments on this burst trend. There is no reason to believe in Hyped altcoin and wasting the time&money. Dogecoin may touch $0.2 one day but it has a higher chance to hit $0.001 again, IMHO.

Very wise analysis, they only care if they can make money. No one has an interest in Dogecoin because they all want to take profit no matter who and for what reason pumps this shitcoin. The red trading will be real if the Elon tweets stop one day. Let's hope for safe trading and avoid the HYPE.

I think not. Its not just cat that are cute, dogs too.  Seriously, the coin had been around for years and I think its giving us an opportunity right now for people to try mining Doge.  People regret not having to go all in when BTC is cheap or they could have mine the coin, we'll here is an opportunity now. We who didn't have the chance to mine BTC back when GPUs can mine it, now has the chance to get Doge. Doge being abandoned I think made it decentralized instead. Price is going to rise, this is activated already.

Dogecoin was created as a joke and a meme coin and it is the most speculative cryptocurrencies on the market and this is what draws people to it.

Recently Elon said that it was made as a joke but it would be an even bigger joke if this coin went into the mainstream. It has an opportunity to gain on this big bull market and it surely will.

I think that it is overpriced but what can you do? Memes are often overused, people know it and still continue to post them even when the world has enough of grumpy cat, doge, nyan cat and the rest of the gang.

Well to me, i think its overpriced, like those who know well about the project from the on start have said, doge was create for fun, i was not created to ever be taken seriously, but all thanks to the Tesla boss, Elon musk for making atleast those who had a lot of dogecoin richer over night, ive bought dogecoin a lot of times but not as investment, i sometimes use it as a means to cut down on fees when withdrawing either bitcoin or eth from exchanges, ive never bought it and kept for even more than a day, cus ive always seen it as a joke coin that will never go up significantly, but with the help of Elon musk, i was proven wrong and o wont be surprised if from now, something serious begins to happen to dogecoin in terms of development.

in my opinion the price of Dogecoin is not overpriced, because in cryptocurrency there is no fixed price and it can always increase very high, so it is also natural for Dogecoin (the price has increased very high), then in my opinion even though Dogecoin is made for joke, but actually Dogecoin is also can be used as an alternative to make transaction, because the fees for making transaction using Dogecoin are very low and the process is also very fast, therefore in my opinion Dogecoin has a very good function too.

I think it's not that positive thing. You said it yourself that Elon Musk made the dogecoin pump. Imagine if Elon dumps his bags in the market, The followers of Elon who's were mainly driven into the cryptocurrency market and are just holding DOGE believing that the price isn't overpriced will be at loss. The supply of dogecoin is very big for its price and there is no hard cap in mining it that's why I think it is overpriced today.

The Dogecoin bubble will pop and our shiba inu will be forgotten again. Even now, I see a role for Dogecoin: it is a perfect complementary currency something in between Bitcoin and Litecoin. I use Doge when I need a quick exchange between the two, let's say I consider Doge as a very very chep on-chain LN.

Dogecoin is obviously overpriced but what happens is that some people have decided to pump the coin and I'll have to say that they have been very successful in that, but it seems that the people that did it are inexperienced in this aspect, they don't seem to understand that a crash is imminent so they are still holding their coins hoping for even bigger profits.

But people like us that have been in the market for so long knows what's coming next, the price is going to remain at that level for some time then as people with a lot of coins begin to cash out the price will begin to go down, then people are going to begin to panic and they will begin to sell as well and that is when will see a massive crash in the price of dogecoin.

If we take a look at its price history, we can't see any difference until such time that Elon does the shilling and abruptly change the situation. I can't say it was overpriced, yet this is just a few pumps and it never lasts long. We must be careful about this surge, I see this as a trap.

Anyways, let leave Doge turns like this, and let see what will happen next. If this will continue to move high above $1, that was overpriced for me.

If everyone say its a short demand only, but the demands keep supporting the price this long.
The supporter of the coin so strong and many influencers keeps promoting the coins. Even if many people already said its overpriced, seems like nobody cares and they keep buying  :o

Doge is a crypto that has unlimited supply and this coin is over priced at this moment. People can only use doge as a pump and dump scheme and send microtransaction, the users can't get more benefits other than it and inflation rate is very high. that makes doge overpriced.
people are hyping it and they are loosing their mind to buy the doge coin due to the FOMO in the market.
Doge can be dumped anytime too. It's too risky to bet on dogecoin at this moment. I have been leaving the doge market.

I don't own any Dogecoins myself but i always liked that project because it just seems to be sympathetic and fun to me and it kinda represents the freedom and independence of the early crypto days.
That being said, i would never invest in Dogecoin right now, the fact alone that it's supply is uncapped discourages me to invest into dogecoin.

It's sad but it's true.
Just like how iv4n said above.

The real problem starts now. A lot of cryptocurrencies out there could get more value if supported properly.
But, the thing is it's not about that anymore. The hype is the problem.
One popular idol tweets about one altcoin then it goes soaring in price.
Not because of usage and features but just because they feel like it.
Is that right? No. As veterans though, we can use it to make profits by selling it when we see an opportunity. Don't get too attached to the coin.

Dogecoin at this current price point whether people considers it overpriced or not still a risky investment than any of the major crypto with highest market cap.

The drive of the price purely because of the price even people don't even have any idea of what they are buying when trying to "invest" to doge at this point, IMO it's overpriced but this kind of opinion is really relative to the person on their own, because as I've seen some people in reddit think it could go well beyond $1 and said it's still under priced.

Pumped with the hype and down with the inflation. Doge is taking the momentum but it's not again right now. The latest chart is showing that the dogecoin could be decreasing even deeper anytime.
It has no power to pump the price of doge again after the hype has gone.
The price is quite stable at 6.9 cents but it seems like if that can't sustain even longer.
Miners keep dumping their doge to the market and people will be starting to leave the doge market. It will be going back again to the bottom. Doge is overpriced as memecoin.

Right now, I'm believing with what they are saying that:
"When we are in a bull market, even a shitcoin or any coin will go up regardless of what coin it is".

This is what is happening with DOGE right now. I don't consider it as a shitcoin since it has uses still but considering that it is just a joke coin and with its current price right now, I consider it as overpriced. Knowing also that it has infinite number of supply, DOGE is overpriced obviously. Well, we are in a bull market right now and every coin will obviously go up whatever the fundamentals is. Include also the fact that Musk shilled DOGE and tweeted some good things to it.

I do not know if there is a basis for determining whether a coin is overpriced.  It is true that those who say that until there is hype on that coin, its price will not stop rising.  It is also not really impossible what the value of coins will be when it comes to cryptocurrency, no one knows when the ascent or descent will start.  The others are just keeping up with the market trend.  They are ignoring whether there is any interesting development or update because they think more about what they will earn from what they buy.

There are several types of projects some with value and others which are just meme coin . Doge is the latter variety and they have no inherent value  if you ask me .it's all based on speculation and price movement trading.

I really cant say if a coin is overpriced or not, what Im seeing on the market is theres a huge demand in this shitcoin and everybody wants to ride with it for a profit, right? We all know its a meme coin and created only for fun and thats all no any unique usecase just a simple send, received just like bitcoin.

Investors who are buying this coin has no interest on its usage and its technology they are mostly for speculations and profit thats all, the good thing about Doge is its a 0 premine coin meaning it was distributed equally to all who wants to mine Doge no dumped on the side of developers.You can mine 24/7 but the bad side its unlimited supply.

DOGE has a circulating supply of 128 Billion and the total supply has no cap. Every block generates 10,000 of them per minute. They are mostly merge-mined along with LTC.

At current prices, the total marketcap is 8 Billion USD. The 8 billion USD, if split into the 150 million US tax payers would come to just around 50 Dollars per person. The US govt and other countries around the world printed and gave away trillions of dollars worth to "institutions" and "corporates".

If those trillions of dollars can come out of thin air, then i guess 50 USD per taxpayer worth of marketcap for a fun coin which actually makes people smile isn't really enough. Just for the memes, it should have higher value. Unfortunately, most of that value is generated by people trading on marketplaces and not real economic activity. If it was, I would say that DOGE is still underpriced as long as people don't hoard it.

I'm expecting a hard fall. Obviously, there has been an excessive rise. But this still remains unclear. Doge can also exceed $ 1. Elon Musk will succeed if he cares about this job. In fact, we can say that dogecoin is a big risk.

I agree with you mate, Indeed Dogecoin was overpriced whether we like it or not, it will return to its previous price soon, Dogecoin is a meme coin and it will be known like that, I believe that the current price increased of Dogecoin is just artificially induce thats why just be careful and invest only that you can afford to lose thats should be the top priority of everyone riding in the recent Dogecoin pump.

I think almost all cryptocurrencies are overpriced for now, because many projects, which don`t even have any product or working solution cost millions dollars and it`s really incredible. Doge coin is definitely very overestimated. It`s a common pump, I don`t want to say it regarding crypto, but for now some coins like Doge look like really financial pyramids.

Hope it won`t disturb development of the projects with really prospective technologies

In my personal opinion it's overpriced, due to the simple reason that it's hype by Elon Musk, there's no fundamentals why DOGE pump that high, so eventually once the bull run is over, it will dropped hard like we witness during the last bull run for some coins which pump multiple times.

If DOGE has slowly and steadily grew, then I might be convince it's price is just fair, but with what has happened, it makes me think it's overpriced.

The price is brought by a hype so it's overprice. Market-related speaking, only if its a product of a natural growth of the market, that's the time I can say that the price is underprice. As you said, it's abandoned already then eventually it wakes up out of the blue.

Overprice or not, since there's a chance to get profit here, it's not wrong to take a ride. Just be careful as there's no resistance nor support established at these coins since the pump begin.

Yes I believe that it is overpriced right now I think the original price of Dogecoin was before it gain attention.
The only reason why the price increased isn't because of the development it is only because of the wallstreetbets pumping it making some profit from it.
The project has been abandoned and stop developing for so long so for me it is really overpriced right now.

Dogecoin is for Short term gains

Doge coin use case isn't that great like many other top altcoins but it's this big because of strong supports, as a meme coin I wouldn't expect much from the project, also be expecting price correction cos no altcoins will keep surging, be ready, take your profits when you had enough

But after all, the same can be said about BTC - the only difference is that if you say the same thing about BTC, you will be beaten with sticks and thrown with stones.
If you think that something is overrated, this is your right, I do not argue, but only here it is worth considering one point. If you are talking about the overvaluation of any cryptocurrency, then you are both 100% right and completely wrong, because the term "value" is not very well suited for cryptocurrencies, because it is more a criterion for things with independent value. The value of cryptocurrencies is not as a criterion, but only the exchange rate difference, which depends on supply and demand and pump and dumps. And even if you say, " Isn't that a value?" - then I will say no, because the value of cryptocurrency is already postmodern. And Doge just proves it.

It's overpriced as it was seen as a joke and meme coin.

How come a coin like that has a good price today? It was just started because of Elon Musk so anything from that point was overpricing.

It will crash soon. It's not safe to be involved in a coin like that but since others can get profit from its volatility, they are there trading that coin.

many views of people who like you. the current price will collapse soon because the market for Dogecoin is not based on a strong community. much less seeing how doge has never reached such high prices. people will see the current price is still too high to doge. watch out for all those who handle doge, a drop can happen at any time, even when we are asleep.

In last 5 years Doge was a buy when was below 30 satoshi and was a sell when was over 100 satoshi. Now is at 148 sat. So act accordingly. You will definitely have plenty f chances in next 3 years to buy Doge below 30 sats.

Personally, it doesn't matter whether Doge will cost 20 sat or 220, the main advantage of this fun coin is mega fast and mega cheap transactions, and it is very useful for transactions between exchanges, because there are doge on all exchanges

Right now the Dogecoin price is Overbought to buy. The hype that was generated yesterday was fantastic enough to make Doge prices go up so fast and high. but I remind you. to trade like this is risky. you have to be really careful with it. don't get hit by high hype and make losses on the trades you are making. I myself have been stuck in a similar trade before.  it's just a fast pump and will dump

The advantage that most users are enjoying.

Doge being fast and low in fees enjoys the party, there are traders, investors and gamblers who are using this coin for theur benefits. They are taking this opportunities to use this alt as alternative, it doesn't matter if you are also one of those who are using this coin to deal with transactions, though it's also possible for investment but knowing the factors that give you the opportunities is very important.

I think there is someone who is interested in Dogecoin and wants to make the coin more valuable. Two coins of choice, Bitcoin and Dogecoin. Elon Mask continues to pump these coins, and he wants these coins to be used as a transaction tool at the Tesla company. So that the coin price increases. But I don't know in more detail what the next planning.

Yes off course doge coin over priced. This pump is fake pump. Reason is only elon mask tweet
 People still waiting for another tweet this why they holding dogecoin.

no, you didn't go wrong in observing the previous DOGE project. In fact, I personally also have the same thought that I consider DOGE to be a MEME coin and will not have a great opportunity to invest in the future. But who would have thought that on the contrary, the increase in DOGE almost doubled and other surprises like Elon Musk, who turned out to be one of the people who could influence the increase in DOGE prices at that time.

Doge is kinda awesome and always have been, considering no one ever took it seriously.  That was the good part.  I remember making it rain everywhere I could, there was twitch integration, IRC, reddit tip bot, etc.  Now there is not much, its just people buying on binance and robinhood.  Which is kinda sad because 1- they have no idea what doge is or represents or why people had fun with doge (dogecar, charity, fun, nothing serious, doge memes) and 2- they dont even actually OWN dogecoin.  by that I mean they arent even exposed to crypto functionality, i.e. they can't send 100 doges to their friends, they dont even know how.  its just like hey this makes me money brrrrrrrrrrrrrrrrr, which is the overall crypto attitude right now.  Mr. Saylor is the big business crypto evangelist lmfao, this fucking guy, this fucking guy defrauded everyone 20 years ago by making his company say it made money when it never actually did in the dot com bubble.  What dya thinks gonna happen with the current bubble ^

But at least Doge is a feel good coin so theres that.  I wish there were more meme production going on.  I mean elon tweeted D is for dogecoin, thats from 2014 or something.

The original memecoin!

Yeah, Doge price is too expensive if it is seen from the too large supply, since it was first created, Doge is always abandoned by investors, suddenly the crypto market was shocked by Doge after experiencing an increase in price.  This is a new record in Doge history, investors and traders are competing to buy doge with the aim of getting multiple profits. This phenomenon has often occurred in cryptocurrency, prices can rise and fall suddenly.

I think digecoin is unnecessarily being pumped by some big names. They must have bought at cheap price silently and now they want to make profit so they started promoting it.
Beware of sharp price decline very soon.

I don't care about it too much once I have made a profit from it, in fact this is not my favorite coin. But like you said, I think it's absolutely not very usable because there are so many better things in this market, we need to understand that it's being fomo and bumped, so it would be dangerous to continue to put faith, but if it kept going up it would continue to bring excitement to the holders.

Elon musk very important role in the development of dogecoin price, of course, with this news, becomes important if the leaders of the rich influence price stability. I hope dogecoin would be a great advantage for the next day, and it might be interesting if dogecoin change of fortune.

The speculative tweets by Elon Musk is disgusting for market traders who have gone against the bull market, the buyers are obviously happy for pump out of nothing. Dogecoin has no fundamental reasons to climb new higher price points except the single tweet or bio by a famous person. It will collapse very badly one day, IMHO. The price can touch $0.2 one day if Elon keeps pumping it with buying and tweeting about Doge but the hype will stop one day. I am sure the majority of the traders will regret the decision going all in Doge sooner.

You're a very honest person. The fact that it was benefiting to the holders and those who bought it earlier, doesn't matter to them and that is the reality. Of course, I don't have to say bad nor I have to complain but instead, I appreciated the person who did the hypes and got doubled or triple my money.

Doge has been in the market for so long, one of the top 10 altcoins, people will never give a doubt to put their money. They keep buying and selling as long as it was still in the market.

This is the first topic that I have seen about doge that makes sense. Of course iti s overpriced, why would anyone think otherwise. We are in crypto currency world and by logic there is no overprice or underprice for anything, people literally just go for whatever they want and they make the price, so it is always exact price that it should be and never more or less than what it should be. So, by that train of thought it means that doge is not overpriced and I am wrong.

However one thing I would like to point out is that, people do not think anything about doge, well some do but this increase is not about doge at all, this increase was about Elon Musk and people bought doge because they like elon, not doge, sure there were some (probably most) that bought because they knew doge but still a portion of it was all because of Elon Musk and that is really just crazy if you ask me.

I understand that DOGE is an old coin with good volume, but honestly, I don't think it will pump this high. I believe people start believing DOGE when Elon Must tweet for DOGE and that really gain a lot of attention, reason why DOGE pump this high, that pump makes DOGE overprice but who knows I could be wrong.

Well, to be honest, of course, the price of Dogecoin with a Total Supply of 128,372,844,601 is really very high, but this is all due to the fact that too many people are constantly investing in Dogecoin and of course too many people make cryptocurrency transactions through Dogecoin, so everything is logical , and in general I don't care what the price of Dogecoin will be, since I rarely invest in this cryptocurrency, the main thing for me is that transactions on the Dogecoin blockchain must be always cheap.

of course we don't always need to make some profit from our favourite coins. we don't care about it when we get profit. we just do long-term investment in our favourites coins and not to take the profit immediately. but i think long-term is not for doge. Doge is just good for daily trading. the price is always up and down everyday. honestly, everyone loves this coin because of its low transaction fees.

Ever since I got my first mBTC in my wallet, I haven't seen a single online shop accepting DOGE as a mode of payment. DOGE doesn't have any practical real life usage, and it is not widely used for making payments. And I can understand why it is not being used for payments. No one want to trust a joke coin, which can go up or down by as much as 50% in a single day. And also, unlike the other popular options such as BTC, ETH, BCH and LTC, we don't know much about the bugs and vulnerabilities that are present in DOGE.

Of course it obviously is. it was made for fun and was abandoned what would you expect with such a coin? why would you even give it value which is more than its usefulness? this is just another pump and dump phenomena that will only last for a short time. It would be best to stay away from it. but for people who wants it then that's their choice. I have nothing against it, that's just how I see dogecoin and it's current movement.

If you compare the price before up to present you can say it is overpriced and overhyped. Looking at the current price it reached the new all time high. Dogecoin was created just for fun so no real use case but people are investing just to go with the trend and to take the chance to earn a profit. So if you are planning to invest in dogecoin trade at your own risks.

since Elon musk started to hype it, DOGE becomes overbought and a sign of overbought is not good and can lead people to being rekt when it dips instantly. What comes up in an instant might come down in an instant too. I just thought that maybe if they release good news they can help doge to make the price stable but if hype only I don't think it will last to that price it will dump anytime from now, but it is up to you guys if you still want to buy it.

It is good when people really see potential in a coin and in a project and invest money, hoping to profit from growth and development. And the current situation with Doge is pure manipulation. I see no reason for Dogecoin to grow right now. People rushed to buy it only because of Mr. Musk's tweets.

For me it was quite reckless buying Dogecoin due to the influence of Elon Musk's tweet without making any considerations,
whether it was the right decision or not I also don't know,
So let's just see what happens to Dogecoin, will it end sweetly or bitterly

This time people are also rushing to sell their doge coin due to the bad tweet that already created by musk. The doge coin community is getting manipulated by his tweet. So many people become crazy about doge due to the his tweet. Im seeing there are lots of people complaints about this manipulation that happened with doge coin lol.
The only reason doge coin to grow back again due to the shilling tweet that will be created by musk soon.  :D

That is if we just buy coins because I personally predict something like that will happen,
for some reason many people are affected by Elon Musk's tweet post,
what is certain is that with things like this we must learn so that in the future we do not make decisions in a hurry,
let's see what happens to Dogecoin in the future

On the other hand is also a coin that has stood the test of time and also has usability due to the low transaction fees, personally I don't think its price will
drop that much, and it will eventually rise again!

It's still good to use even there are tweets going on, as Elon really do hype for this coin it will still have more chances to increase in the future. The price may seems overpriced but that's how the market works. If we will be able to buy before or now that the price is dropping it may benefit us again once Elon creates a positive tweet again. We just need to be updated in twitter now lol.

I think so, while it has a niche use case because of the low fee but there's only a few scenarios where you want to use doge instead of other crypto and the coin itself has been pumped in recent weeks so right now it is definitely overvalued . It has value but because it is a meme/joke coin that's been pumped and i don't think there is news about the development of the coin itself and I think the price will go down in the following months.

IMO, DOGE isnt actually overprice but its been overvalued or over hyped. Given its currently risk and hurdles, it seems to me that dogecoin is overvalued relative to its rewards

I can't say it overprice. But, Doge price is too high,

It’s out of my imagation.

I believe doge market uped for elon musk tweet.

I think it is overpriced for a coin with no usage or anything. If a coin like that could easily more valuable what about the other token that actually has its own usage compared to DOGEcoin. I just don't know about that but maybe it is just all hype and could be because of the supply and demand as well a lot of people become interested in the token even though it doesn't have any usage because of the hype of Elon musk and now that it skyrocket its value people could make a profit in it exiting and making a low entry.

everyone believed it was Elon who kept making tweets related to Dogecoin. although everyone was also happy with what happened the price seemed too high. which determines the price is the market through trade. and the market agreement makes the price continue to increase until the current price. although many people do not believe it that's what is happening now.

Mate, please don't pretend like you don't know what really happened. If Elon Musk wouldn't have tweeted about it, Doge would never ever cross even 30 sats and that's the truth. His influential tweets are actually tests that he's probably conducting over many crypto enthusiasts who unthinkably follow this guy even without considering the possible outcomes of such trades in near future and the pump and dump proved it that Doge is literally worthless meme coin and nothing more than that. Yeah, it had been there for years because many gambling sites allow it as an alternative to let their users save big on fees.

I think if Dogecoin didn't have Elon Musk's article, another and similar news will emerge, even without any other sign, Dogecoin can still rise like it is now, you are not the first to say that Dogecoin has no value and is only used to reduce transaction costs, a lot of people have talked about this, even believing that Dogecoin never has a place in the future. But the problem here is a tradition every year, random or coincidence, Dogecoin gets its pump and price increases, do not care too high or too low, the important thing is the profit

in cryptocurrency there is no altcoin too expensive or too cheap because everything goes according to market needs. if the current price of Dogecoin has increased twice as much, then Dogecoin is currently being needed by many people so that the price of Dogecoin will increase. So in my opinion everything that is happening on the exchange market is currently working normally.

Believe it or not, if it's all about profits, any shitcoin can rise during this season but that doesn't mean it's useful in any way. Dogecoin had been a name out of the talks for a very long time but got recognized only because of one tweet by Musk and I don't really know his intentions behind manipulating the markets this way but it's not something to be considered good for cryptocurrencies IMHO.

Yesterday I read a post on social media that DOGE will hit the price of 0.1 that night, of course, I do not believe it because I know he just bought it because he still hopes he will earn if the price continues to rise.  So I commented that his meme coin has been abandoned, there are no updates and development I added.  Then someone replied to me that there was a surprise upgrade, and one of the OG creators tweeted just about the new updates, I don't know if this is true.

https://www.forbes.com/sites/billybambrough/2021/02/14/doge-is-underestimated-elon-musks-fav-bitcoin-rival-dogecoin-is-getting-a-surprise-upgrade/amp/

Exactly, and from here we can visualize how influencial Elon Musk was. Doge was a good crypto coin but its not that kind of crypto that rise effectively its market value and not that kind of crypto comparable to bitcoin and ethereum. But what has been happening currently to the Doge market was all about and credit to Elon Musk. Its somewhat a meme coin that yeah through the tweet of Mr. Musk people think its a great coin to invest with.

Dogecoin was below $0.01 USD for as long as I can remember. The sudden increase towards 8 cents per coin tells us that adoption for the cryptocurrency has grown towards an exponential rate. Still, I think it's overpriced as DOGE's supply is much greater than most coins out there on the market. On top of that, the project has been completely abandoned by its developers. While some may say that the community is what makes a cryptocurrency strong, development activity is needed in order to stay ahead of the game. Compared to other cryptocurrencies on the market, Dogecoin is obsolete. How long the hype will last, is an excellent question.

Believe me, Dogecoin was perfect went it had a price below 1 cent. Transaction fees were ridiculously low. Now with prices hovering around $0.06 - $0.08, costs per transaction has increased. After all, the network fee is 1 Dogecoin. Imagine if Dogecoin went all the way to $1 - $2 per coin. It wouldn't be much different than Ethereum or Bitcoin fee-wise. At least, the Dogecoin project has remained alive after all these years. It's one of those good-old coins that will stand the test of time. Thanks to the recent pump, my wealth has increased to a large margin. DOGE's price could go higher in the short term as the hype persists. For the long term, Dogecoin could go all the way down the drain due as people lose interest in it.

Nonetheless, time will tell us if Dogecoin's prices will remain as is. Everything will depend on mainstream adoption and market demand. As long as there's demand for DOGE, prices will continue to soar. Regardless of what its price will be in the future, 1 DOGE will always be equal to 1 DOGE no matter what. ;)

That is the ideal scenario but because we know there are big players in the market who have the ability to manipulate the market so actually I feel right now the doge coin market is being manipulated by some rich guys among whom one is Elon Musk who is clearly promoting the doge coins for no reason and although its a good news for people who held doge coins and now reaping rewards for their faith, but eventually these kind of pumps cannot last too long.

I would be really worried right now touching the doge coin market because neither I would sell if I hold some since Musk might pump it even more while I would not at all get into investing either because I have never been a fan of pumps and dumps.

Of course, those who used to hold this coin are just happy with it and they are grateful to EM because they made a lot of money if they were able to sell the others.  The opposite is true for those who do not keep up because they do not hold or remain do not believe in this coin because of the stopped updates and development.  It will also not be lost that some regret him because there are still those who hope it will increase to a dollar and if that does not happen.

https://i.ibb.co/NsK9r6w/IMG-20210217-100331.jpg (https://ibb.co/Ms7cfDq)
I just read it now.

That's why Elon love to pump it because this coin has not real purpose, just a meme coin as you said. We people just easily get hype, we follow what popular personality are saying although they themselves can't provide any proof that they are holding it.

About its price, as of now it's overpriced because it's hype and most coins in bull market are overpriced.

i think that dogecoin isnt an abandoned coin but dogecoin is actually among the top and popular cryptos up until today . i post on another thread earlier and the op of that thread also said that dogecoin was overpriced but based on what im seeing with dogecoin ,

 its value is still under 1 dollar so i dont consider this as an over priced coin but coins that valued 50k dollars are the ones that are overpriced but surprisingly there are still buyers and they arent complaining .

The price of Dogecoin is very high this year, since I got to know the digital currency only this year has seen Dogecoin's price exceed its usual price. This is a surprise given by Elon Musk to Dogecoin which is often forgotten by traders.

Absolutely overpriced.
Many have forgotten that coin exit but thanks and no thanks to Elon Musk, its suddenly resurfaced. And to think there is no other coin he could have invested in except Dogecoin. Well, his choice. He should just quit misleading people, no need for the tweets.

 it's about to stop making people money. That's the point. Doge is currently super mega overpriced. Just look at the charts man. It got hyped up a couple weeks ago, a pump and dump group made off with millions and it's about to crash again. Who loses? The average person.

Even I was believing Dogecoin will not hit a .07 cent value but when Elon tweet about Dogecoin and bought some dogecoin as well that changes the dogecoin value. Many investors also invested in Dogecoin now after Elon. I believe the whole movement in Dogecoin just because of Elon. I believe Doge will rise more in the coming months.

I don't know what Elon Musk's tweet actually meant was he really cared about Dogecoin or was he just playing around,
What is certain is that I am not very interested in Dogecoin,
and in fact many people were influenced by his tweet and bought it

The whole cryptocurrency market is presently underpriced it'll be very wrong to believe that dogecoin is overpriced because in reality bitcoin has very limited supply which means that it is scarce and also in demand, this in turn means taht the price will always go higher the same can be said of Dogecoin and other cryptocurrencies with limited supply so in the end the price will always go

Ofcourse not. I believe that no coin is being overpriced in the market because for me it is impossible. Btw, how can we consider if the coin in overpriced? The market price of every coin is being set by its coin circulation or in other words, demand and supply, also the trending, market performance and many other aspects to consider. The price of a certain coin is not set by anyone but its own market.

I don't see any overpriced on doge, it's just that demand continued to increase so basically it affects the price as well. Great for the trader who been holding longer terms of this coin, I'm sure profit is actually giving them abundant returns. Hopefully, this will continue to be consistent and won't drop suddenly just like other shitcoins.

That was also my question.  Some people say that the price of DOGE should not have been like that because it is just a meme coin and that is why its price has risen because of the mention in his other tweets of the current richest man in the world.  Others consider it shitcoin because it has no use.  Also, the total or max supply is not limited so it can not reach a dollar so it is said to be overpriced.

How do you tell if a coin is overpriced? It's not like a stock (company) with actual sales and an annual report to base your opinion on. Cryptocurrencies will be priced on supply and demand I think and the expectation to the future.

Personally I have a low expectation to Doges future, but just like bitcoin, cardano and other currencies, it could be a just fine storage of money. But I just don't see the usability of this coin and the name sounds a little like a joke, haha  ;D

I also thought that when the bull season came, coins like doge would pump in soon. But indeed seeing that X10 after 24 hours is a different story for a coin in the current top20. I think Elon Musk and SWB have brought doge to the moon and are still constantly shiller for the crypto market, but the problem is that doge is really worth it, I think not and what happens to Doge exactly a public pump.

The downside of this coin is that its possession is too concentrated in a small number of portfolios.

1% of the addresses contain over 94% of the total supply. This is generally not a plus for future investors.

Dogcoin has always sold at a very low price. And personally, I believe that if the Dogcoin went up in price, then it is very low. But if suddenly the price of Dogcoin rises in price, then this coin in the future can be considered as a very promising investment. So at the moment the coin is in very low activity.

I think that the price is too high and it is very dangerous to trade this coin.
It is better to look from the outside and if you really want to buy this coin for yourself, then do it later when the price is below a cent.

It is difficult to analyze a project that was originally just a joke, a meme project. Now it is actively promoted by Elon Musk, who owns a huge share of tokens. It seems like he even bought them as an inheritance to his son (as he stated). But as soon as he starts pouring them, the game will end ...

All of their speculation about dogecoin are based on the tatus of dogecoin before, but now that there are many progress and huge movement in that coin, it will also change the market performance and price value. If you will think deeply, dogecoin increases its price value but not because of Elon Musk tweet, but because many people bought it and invest it that is why it has a sudden market pump.

Of course. A prominent figure like Elon Musk would surely gain the attention of the general public. His praise towards Dogecoin has led many people to invest in it. It's expected prices to increase according to the high level of demand on the market. Still, I believe the effects won't last for long as people realize Dogecoin is nothing more but an abandoned cryptocurrency with no future. The "FOMO" sentiment is what has driven most people to buy Dogecoin anyways. Prices per DOGE could get back below $0.01 as people seek the next big thing in crypto.

Nonetheless, there's every reason to believe that Dogecoin is extremely overpriced. Things like abandoned development, a huge supply of coins in circulation, and an ever-increasing inflation rate, will negatively impact Dogecoin's price over the long term. The recent pump is only good for those who bought Dogecoin below $0.01. For the rest of the people, it'll be a nightmare once prices go all the way down the drain at a fast pace. Just my thoughts ;D

DOGE overhyped is the whole reason. I don’t understand why Elon Musk is supporting this coin.

The value of humor increases in bleak times. I agree with many others that say it's value should decrease at some point. However if we look at the chart it has a growth pattern vaguely similar to that of bitcoin. There are feasible ways in which it could increase in or retain value over time. Over bitcoin it has the one advantage of a still defined but always increasing supply. Though to be truly able to stand up to time that rate of increase should also be decreasing in a defined way to account for the time when acquisition flatlines. It started as a joke, it's still a joke, but many things are possible as this ecosystem grows. Would not recommend purchasing with money that you need or expecting to increase net-worth with it but it is fun to watch over several decades.

Either Musk was just joking, but no one understood it, or he had a hidden interest in Doge. In any case, it is bad when only 1 person has such a large impact on the project and 1-2 posts can affect the price so much. It should also be borne in mind that Dogecoin has not had major improvements and useful changes for a long time. If the project does not create anything useful, and the price of their asset rises, then this is a clear sign of overpriced.

You have already mentioned why it's overpriced. It's an abandoned project and has a huge circulating supply. People just brought it with FOMO and we could see a big dump in its price. Without that tweet from Elon Musk, its price would never reach that high. Soon people will get that dogecoin is nothing but a pile of rubble. It has not future nor the potential to hold its price.

We should to consider tech compound of coin to real conclusions. I think not only you are surprised. The coin looks realy much overboughted without of coin tech part. The people still injectives in the Dogge.

Now the price of Doge is quite expensive and indeed Elon's tweet gave a strong enough impetus to the increase in Doge's price and now traders are very enthusiastic about raising the Doge even though we know that Doge has something interesting in its technology because it was when Dogecoin was discovered only as a joke but now the price of Dogecoin can drop at any time and of course this is very dangerous for Dogecoin holders in the long run.
I think Elon Musk won't tweet forever about Dogecoin,  so be carrefull guys ...!

In my opinion this coin is really overestimated, just the PR step from an influential person. This coin will never be in TOP list, because it has very high emission. We all know the name of this person. And nowadays it is just really too advertised and nothing more.

Of course, Dodgecoin is overpriced. A coin that was created for fun and even the creator sold all the coins from it.

The rise in the price of the coin in the near future is only the result of the interest shown by Elon Musk, at least that is my personal opinion.

Doge has several advantages: cheap transactions and high speed. Dogecoin is considered a "popular" coin. Now Elon Musk has added popularity with his tweets, most likely he has big plans for Doge, and wants to multiply his fortune many times, and he does it well.

a price of coin is not determine by a single person, its determine by force of the demand and supply, so the price of Doge coin is not over price, because it attain the value, due to people demand for it, if it does not have uses people will not demand for it. so to me its not overpriced.  

There is some hype over dogecoin right now and that helps to boost the price without any doubts, but at same time it's a very popular oldschool altcoin, which many people have sympathy for, even though doge doesn't have any unique feature other altcoins couldn't replace with excellency.
Furthermore someone could say the entire crypto market is overpriced right now, but in fact that is something we should be getting used to, because the tendency is to see these prices increasing more and more as crypto currency walks towards mainstream.

It is overpriced because one person have 30%, and can manipulate the price. This situation with doge shows that people like Musk can push some coin for a short period of time, nothing else. But I say again for now, in 2021 year.

Are you sure with that 30%, you mean Elon Musk?

I guess it's not only him who move the price, it's everyone who followed his tweet in buying manner, so the price move and FOMO was created.
It's of course overprice because of what happen, but overtime if Doge will continue its consistency to survive even if it will dump soon which is likely to happen, then I guess we can conclude that it's not overprice.

When viewed from the Doge chart, it is indeed Overpriced, because we know that Doge has a very large total supply, this increase was triggered by many people who fomo and buy Doge, with Elon tweeting musk again and again, but if seen from the indicators of course all it shows that it is time to sell Doge, so be careful if you want to invest in Doge or trade in Doge.

If you read the replies after your post you may be enlightened. Which of the following is a development that has taken place in this coin? Are those just buyers and investors? They would not be interested in doing it if it were not for the hype created by EM. With the issue of their outdated official wallet, you will no longer like to use it. You will not even be able to recover the account associated with your lost device because they have no way to recover it using keys or phrases.

I think DOGECOIN is fairly overpriced for it is just supposedly a meme coin. Elon Musk was the reason why it’s overpriced and I couldn’t think of any reason why he got interested on this coin.

Seeing how dogecoin exponentiate massively over the pass few months, I can say that it is somehow overpriced knowing that it doesnt really have any uses and the creation of it is just only for the purposes of having a meme coin. Also, I think the main reason why it turns out to achieved its enormous pump is because Elon Musk is hyping and shilling it.

Who's this person though? Owning 30% of total supply is no joke and that person is insane enough to put that much of money in one basket?, Elon in this case is basically out of the question since I believe he didn't buy that much coin more specifically just for meme, if any he'd invested to bitcoin instead since it's what he's doing with his tesla company over there.
I don't believe someone owns 30% of the total supply, that's just insanity.

The corrections are going to be quite big too in my opinion because correction don't bring the market down by much but this time it might collapse the market once it happens.

Some amazing insight and I agree that a coin like dogecoin is best suited for cheaper price because the transaction fees is hence lower and the confirmation timing is also faster since not many transactions happen when the price is low.

I think the price will stay for a while because the guy backing dogecoin is no ordinary man and he is now the richest person so he must be able to hold the market to a certain price himself if even everyone else dumps.

Cheap transactions? Well yes considering 5-7 cents per transaction is cheap but not the cheapest given there are coins like TRX which allow free of cost transactions. The transactions in dogecoin aren't too fast either now so I don't know why you termed it as "popular". The only reason dogecoin even survived was because it had a funny theme of a dog and when it first launched we didn't had as any coins as we have now. Right now I don't think doge coin serve any purpose at all but all been said, I don't hate doge coin either because when directbet.eu was running, I used to bet with doge coins only and they saved me a lot of fees.

I have good feelings about doge coins but that doesn't mean it should be a good investment. Lets hope the market doesn't die all of a sudden which is what happens with most of the hyped coins.

The price it's where people things it needs to be. Being meme coin and being for what it is it has some value so I think it's okey to have the price it has now. All of that adds something to it.

Basing on what you just said here, would you advise investing in Dogecoin? I'm thinking of investing in some altcoins and Doge is one of my priorities, due to rising interest in it worldwide, growing market cap, full decentralization, and very attractive price. I think everyone can afford to buy a couple of hundreds Doge coins, it's not such a big money. However, it might be something big in the future, so why not risk it?
Also, between XRP and Doge, which one do you find more promising?

I didn't say Musk holds 30%, just info I read somewhere. I googled it now and there are few articles that someone have close to 30% of Doge. Maybe it is fake, maybe it is true, who knows.. If true, than it is bad for Doge

in crypto markets i think there is no "overpriced"
because sometimes we think if the price already hit overbought or oversold zone in high timeframe
but the price still grow or down,
for sure doge will always grow if elon musk keep give his support in this coin

Maybe someone has a huge portion of the total Dogecoin supply but I don't think holding %30 on one hand and promoting this on the internet is a smart idea. It is obviously fake and the whales have usually around 5% of the total supply. Maybe in the future, the weak hands will be squeezed out and the strong holders will take full control of Doge. The manipulation of the price is real.

Exactly. There are other coins on the market that are cheaper to use for daily transactions than DOGE itself. The "meme" coin is extremely overhyped because of Elon Musk's positive comments on Twitter. This leads people to buy coins in mass with the hopes of turning a profit in the short term. But that's not the way it works. Eventually, the hype will fade away as people realize that Dogecoin is worthless. The abandoned development progress, and the huge supply of the coin itself are one of the many reasons why DOGE isn't meant to be worth a lot in terms of Fiat (USD). Those who buy Dogecoin now will regret themselves doing so in the future once prices go all the way down the drain. If we take into account the economic model of Dogecoin, then it's by far overpriced.

As far as transaction fees are concerned, it's now more expensive to transact on the Dogecoin blockchain than it used to be some time ago. Paying 5-7 cents per transaction may seem cheap to many, but there are far cheaper options available on the market right now. Coins like TRON and EOS have zero transaction fees, making micropayments extremely practical. Transaction confirmation times are blazing-fast too. But most people don't care about this as long as they're able to make money with the "hype of the moment". Dogecoin is still hyped, so all of the attention will be towards it. Once it all ends, people will look for the next big thing in crypto. This leads me to wonder, which coin will be pumped next? Just my thoughts ;D

I think the current price of Dogecoin is not expensive even though Dogecoin has a large supply because the price of Dogecoin is still below $ 1. The current price of Dogecoin is $ 0.06 and it is still relatively low even though Dogecoin has been on the rise for a while. And in the future the Dogecoin price will go down again according to my predictions.

Price is based on the demand. And with the Dogecoin being endorsed by Elon Musk, I believe it actually just forced the demand now making it a hype trade. Traders who consider Dogecoin should be extra cautious as this is bound to crash if people who joined the hype starts to pull out their money. This same goes with other alts as well like BNB which is currently hitting it's all time high in the past days. One thing to take note in mind when trading is that you can not just have a lucky trade and get big profits without proper knowledge. We must have an exit plan in order to secure the profit because any market is bound to crash due to different factors. It may be at a spiked up price now but we do not know until when this uptrend price will be.

It is quite obvious that dogecoin is only being trending and bought so much because Tesla's CEO Elon Mush, who is apparently the richest man now, has started to talk good about dogecoin and himself also buying dogecoins which creates an illusion for people that dogecoin is going to the moon. People are riding the hype train which might get derailed very soon once the support from Musk is taken back or discontinued. I am really excited to see how people react when they lose money because of Musk's fake pumping.

I am calling it fake pumping because he hasn't given any reason why dogecoin is the future as he said in a tweet and created a poll. Blindly supporting a coin and that too by the richest man, means there is more to it then we think.

I didn't knew that even the owner sold all the coins, which clearly shows that none had the trust in dogecoin apart from Mr Musk who seem to have some kind of affection with the coin.

I thought yes. DOGE is just a meme coin and to my knowledge it has no use and case. With an infinite total supply, the current price is already very high.

which makes him wonder why Doge gets such a big pump because of a person's writing on social media. consciously we know how doge has an unlimited supply and that keeps its price from growing much. but in fact, increasing demand makes prices continue to increase. at this point, I think Doge will really get a big correction.

Dogecoin  was never  abandoned  in the first place, people  just undervalued  it. It's  not surprising  that most   exchanges  never delisted it over all these years,  considering all these years when the coin was seemingly  undervalued by most Crypto influencers. The recent  price hike was expected  when prominent  crypto enthusiasts  gave  Dogecoin  enormous  attention or hype as most people prefer to call it. 

I disagree and agree.
I agree that it is a memecoin but I disagree that it has no use case.
There are casinos that have accepted and supported it as payment. In that case, it has a use case.

Yes, it does have a use case like Bitcoin for sending and receiving money.  Maybe all they are thinking about is its strange feature or something unique.

The hype has given by Mr.  EM on this coin, still does not stop supporting it, he has a new update on his profile and in tweets.  Every time I see or read something about DOGE, I am checking on socmed what new events are if there is real or if the upgrade or update they are saying is true.

i think in crypto world there is no overprice or overbought, a coin can fly to the moon or fall to zero in a couple of hour
elon musk word so powerful and the community behind doge still lot and i believe elon musk have something secret plan wtih doge, so for me i just think doge was lottery coin and bought some
maybe someday it will 2 or 5 dollars i hope so

Im not sure that but I think no

It was unreasonable for him to make such a value anyway. Thanks to Elon, it made a ridiculous rise, then fell again and will fall further. We have to be careful or we may lose our money.

But it will go to moon soon because must tweeted about this and give a signal to traders for buying of dogecoin so in my opinion it will increase its price and make new records. The reason is that there are many big traders who are behind dogecoin and manipulating its price.

I'm also checking his twitter from time to time if there's new tweet for bitcoin or Doge. I don't hold Doge and I don't think that it's going to take a long effect in the market.
It's like the McAfee effect this time but if ever he tweets about bitcoin, the effect is lasting long than his tweets with Doge.

This does not mean that because Musk mentions this in his tweets, the price continues to rise, maybe yes, maybe not. That still depends on those who want to accept and they want to buy at a high price until it goes up. Not everyone likes or follows what is said in his tweets. We do not know what he intends to do with this coin. Traders also have their perspective, there is still a short or long term, and they also look at the potential.

Honestly elon's tweet won't have the same effect anymore, many people losing in doge flash pump, and they won't participate the hype again, sure there will be bull run again but maybe won't be as spectacular as it was when Elon first tweeted about doge, people already moving on and switching to BTC because it feels more legit following institutional investors.

Dogecoin is overpriced and always has been and always will be.  There is literally no reason that dogecoin should have any sort of significant market cap.  The coin was created as a meme, is pumped and dumped time after time, and has no legitimate future.  Think about it, what does Dogecoin offer us that a thousand other coins don't already offer?  If you truly believe in Dogecoins future I've got news for you...you need to spend a lot more time learning some finance /cryptocurrency basics.

i think the word overpriced is imprecise word for any cryptocurrency my friend
because sometimes when a lot of people think if the price already overpriced but the fact the price still growing

Elton Musk may be bought some dogecoin but probably not bought many yet. If Musk buys a lot (Say 1 billion), the prices should be around 1 dollar level now. Maybe he will buy more in the future if the price keeps in the low range to aid it's up. So I suggest buying some dogecoin and hold it for the long term.

Elon Musk is trying to implement his brilliant business ideas wherever possible. He's an insanely influential person, but I find this whole Dogecoin promotion weird.

Why does he raise the price of the coin, then lower it, then ask large holders to sell their assets. Does Dogecoin have further development plans? How do the creators of the coin plan to update the project, due to which the project will grow? If the Dogecoin coin falls, Elon Musk will not lose anything, and people who believe in his strange tweets will lose their money.  ???

I see no other reason why its price is so high this year but just because of Elon, the posts he mentioned in his tweets related to it are really weird, maybe those who want to follow him are confused so not even know what to do.  The one I read about upgrading/updating this coin did not say what types it was or maybe it was just planned, I still haven't seen anything from their official source maybe it was just fabricated by those who write or publish articles to ride the hype created by Musk.

Couldn't agree more with you, mate. Dogecoin was never meant to be used seriously for mainstream payments. Eventually, people will witness the negative effects of the cryptocurrency's inflationary model as it becomes less valuable over time. At least, the way Dogecoin was designed tells me this will happen in the future. The only way to fix it is by making DOGE a deflationary cryptocurrency like Bitcoin. But knowing that the project is abandoned by its developers, this becomes nothing more than a dream.

Rest assured that once the hype fades away, Dogecoin will head back to prices below $0.01 per coin. People are investing into Dogecoin just because some popular guy like Elon Musk says so. If they did their own research about the project, they would've realized that the coin has no future at all. At least, the coin will survive for a long time because of the community backing it every step of the way. But as I've said before, its price will go down the drain at a fast pace because of its inflationary model. Just my opinion :)

Yes, I think the current price of Dogecoin is too expensive due to the huge total supply of Dogecoin. although currently Dogecoin has provided huge profits for traders but in my opinion the price of Dogecoin is very high. but I am sure the price of Dogecoin will fall again in the near future. moreover elon musk's tweet will sway the masses towards Dogecoin in the future.

The supply isn' really what matters. The question is whether the market cap still makes sense for a meme coin. I would say it is at least funny and strange, but in the end the community decides and it seems they DOGE worth the investment even at these prices.

As you can see, cryptocurrencies have no stable value. Its price fluctuations take place very quickly. May increase or may decrease depending on the market and as the user's trading demand. I don't think it's uncommon for it to rise again. Although it was created as a joke. But it is common to use it because trading fees are cheap. So DOGE is not too surprised.

I think Dogecoin is indeed overpriced, but that's how the crypto market is, and no one can predict the next Dogecoin price, many factors can determine the rise and fall of coin prices, not only in terms of the goodness of the coin project, but there are people who are popular behind the reason for coins it goes up, for example the elon musk

The way you are surprised, everyone is much more surprised about this project. No one ever imagined that the price of such a quality project could go up so much. It remains to be seen where the price of this project will continue to rise. Many say the price will go above $ 1. Maybe the chances of going are much higher but it is much better not to invest here at the present time. I think it is very beneficial to stay away from it.

I also was puzzled how dogecoin reach at 0.30$. Past month it was only 0.005-0.01$. How it happened? I think it will grow more in future. All the coins have multipled. So I think it will also grow with other coins.

Don't get your hopes high yet. What's happening on the market now is only temporary, as Dogecoin is in a bubble that will pop faster than you could imagine. People are only investing in Dogecoin because they're following Elon Musk's comments across social media. They don't care about the economics of Dogecoin as long as they're able to make a quick buck in the long run. Once DOGE reaches the top, it'll go down the drain at a very fast pace. I believe Dogecoin to be extremely overpriced considering the huge amount of coins in circulation. Not only that, but the Dogecoin blockchain is inflationary by design. New coins will be generated over time, making it less valuable over time. At least, that's the way it should be. How far this "meme" coin will go, will greatly depend on people themselves.

Nonetheless, it would be unwise to buy Dogecoin at current prices unless you'd want to make profits in the short term. As a long term investment, it's recommended to look elsewhere. The only way Dogecoin will become a truly valuable cryptocurrency is if developers shorten its supply. If they do this and the community approves it, DOGE will be on the road towards non-stop growth in price. Otherwise, it'll decline until it becomes worthless just like it was before the hype. Time will tell us what will happen with DOGE's price on the market. Just my thoughts ;D

I am sure that before the price of Dogecoin soared like now, many traders underestimated the coin, but when compared to before, the current price of Dogecoin is the highest price it has ever achieved. I think the current price of Dogecoin is the highest.

After Elon Musk shilling DOGE, we have Mark Cuban (owner of Dallas Mavericks) joining the party, with a statement of his own.

Billionaire Mark Cuban Says Dogecoin Is Better Than a Lottery Ticket (https://www.bloomberg.com/news/articles/2021-04-27/mark-cuban-says-dogecoin-doge-is-better-than-a-lottery-ticket)

More billionaires shilling on DOGECOIN, it could reach $1 anytime soon.

why specifically Dogecoin tho ?! maybe they see a bright future for this coin, and if other rich known celebs that has some influence on their followers would get Dogecoin to rise even more, and i think 1$ is an easy target.

We are not really sure if Elon Musk has invested in DOGE. His tweets could only be a joke. But personally, I think he has invested. For sure not so much as in Bitcoin, but you can see how much more DOGE went up in percentage compared to Bitcoin after his investment. I think it is better to invest 1M in inofficial way in DOGE and earn 10000% than 1.5B and earn 200%. I think $1 is ahivable and it will happen sooner or later. And what will you say if DOGE will jump to $3..?  8)

another famous person shilling doge again , we know their motive why shilling doge and its be mysterious for us. since few weeks ago doge coins price pumped hard afteer elon musk tweet, and now mark cuban shilling it too. is it speculation action or they actually have dogecoin in their portofolio .

Dogecoin is definitely overpriced knowing for a fact that there are infinitely many circulating supply in the market. Also, the main reason why it get a massive pump is because it is just being shilled by some well-known influencers such as Elon Musk, Mark Cuban and even Mia Khalifa.

Is this even a question?

Everyone with a brain knows that Doge is substantially overpriced from what its fundamentals are (if it even has any fundamentals). I'm fairly sure that even the earliest dogecoin adopters and the founders would be comfortable in admitting that.

It's now just a complete mania, and a speculative game where people are guessing how much others would pay for the same token in the future. The interesting thing is that there is no baseline valuation to measure Dogecoin's value off of which makes price manipulation a whole lot easier.

Since this thread has started the price has gone up even more. It is obviously overpriced. The only developments we've seen were minor features. They do not have very strong security for a proof of work coin. It has a ridiculously large total supply and there are a few whales that own most of the coins. People only want Doge because it is a meme coin not because it is good money.

I mean if most of people think of a coin as overpriced doesn't the market simply reflect that by having some correction since the demand in the market coming from the people itself? In the case of doge, so many people are actually very bullish about it thinking that it could go well above $1 though there's no real reasoning behind it as people mostly are just following the hype blindly but it seems it's either BNB or doge that are being shilled the most IMO and I think whether the coin like doge could be judged to be overpriced or not entirely depends on how the price of such coins was build up until it could hits the current price which surpasses the ATH from the last year. Personally, I think it's overpriced.

The current increase in my opinion makes doge expensive. doge trading is high risk. Moreover, there is Elon Musk who at any time can make tweets about Doge according to what he wants.
 Obviously traders should be careful if you trade on Doge because of the high risk. indeed with this level of votality it can get a big advantage but it is also worth the risk

Unfortunately, Doge was practically overblown and it was these pressures that made it unintentionally abused based on community beliefs.  One more billionaire will blow Doge.  Lol, move on again and we don't know what's going on behind the scenes.  Doge isn't a diamond, it's time to replace it with $ PYR :))

Well, I'm just thinking is there a connection between the world's billionaires with this meme coin?
With the pump from the community it will not be enough for Doge to reach this supreme realm. Is it possible? Surely they had the support or someone behind them. Well, I'm interested in "when the pump starts" and that would be great.

There's no connection between doge to anybody because doge was created as a joke coin. It becomes popular because many people hold it because the price was so cheap and good for doing crypto transaction due to low fees. The "World's Billionaire" is just making fun of the coin and also making money from it.

Yes in my opinion  dogecoin is overpriced  because the circulation supply is huge reaching 129.4 billion and every day there are 14.4 million doge added to circulation.  True that the price of a coin is based on supply and demand. But how long will the demand for such a large supply and large inflation of dogecoin be maintained?

max supply is also still unlimited. supply will continue to increase in the market but that makes us all wonder why demand continues to strengthen. trading is on the rise even though we all know how Dogecoin can be so easily thrown away.
we all certainly see the pump that happens will not be this strong and last long. I think the situation with Dogecoin is going to go down soon.

But come think of it, if it's not because of the persons who hyped DOGE, then the coin will not reach the price that it has now. Yah, we can call it overpriced because it is an expensive coin for a meme coin. And the persons who happen to hype DOGE are very big people in the area of business and it is because of them why DOGE's price is so high. Well, if you have a significant investment on the said coin then I would say enjoy the price while it lasts. Because once the correction happens now then DOGE hodlers will go back waiting.

Doge is already overprice. but when the market was sideways Elon Musk again tweeted about Doge and in the end it went up again.
It is difficult to guess to know whether the doge rises or falls due to the influence of the elon musk which often makes the market experience significant changes. my advice in doge trading use SL to avoid bigger losses

Currently DOGE is too expensive so most people who have sold this coin are reluctant to buy it back, because we all know that DOGE coin is an altcoin meme, it seems impossible if Doge coin can survive at that price, I think we have to be careful if we want to invest in it.  this altcoin,

Honestly I think that dogecoin is really overpriced and I think the main reason for it to get overprice is just because of the influential people that repeatedly posting on their social medias that create FOMOs to many newbies in the world of cryptocurrencies.

Yes it is OVERPRICE! since the day doge launched at first I minted it using my gpu mining, but when I realized that doge is a mother of all shitcoin, I stopped patronizing it and begin to look other coin to mine, and today even Ellon Musk throw some hype for this coin, I feel sorry to those who believed.

I cannot agree with you. Most beginners will never get into it, because they see how many X he has already given. Another thing is that it is far from novices who intermeddle with it, but those who like to speculate and want to quickly rip the X and burn on it.

https://i.imgur.com/z5lxQaG.png

It's been seen all that the Doge coin has experienced a very drastic increase in price. Previously, the price was still below IDR 100, now it is above IDR 3000. I am sure that if the market is stable then until next year it will be stable and there is hope of rising prices again.

I am agree with your opinion, we should be careful about Dogecoin and we dont want to invest in long term just because the hype of Elon Musk who tweeted about Dogecoin. I think one of the reason of the massive increasing of this coin is because Elon Musk.

in my opinion, it is not too high, sir. There are very many Doge that has been circulating and held by its users now, especially since there is support from both the investors who use it. and I am sure Doge will improve its performance over time.

In the crypto space, the market is and the community behind projects is what determines whether the price of the coin should appreciate or depreciate. imagine projects that are having use cases and having rela life solutions andthen their prices are yet to match their solutions and then imagine the reverse. Marketers and community decides what gets priced or over priced

It has already improved, what more can you ask?

DOGE is overpriced due to the fact that its hype at the moment, without Elon Musk tweet, DOGE will never reach at this price as it's just a joke coin, but turns out now that it's a hidden gem that we just disregard before, but I don't really think it will last longer, this hype will die and DOGE will dump big time.

If we consider Dogecoin to rise like crazy, then Elon Musk is the father of the madman. The influence of Elon Musk on Dogecoin so that the price of Dogecoin increased sharply. He didn't think about Dogecoin's past, but he did create Dogecoin's future. He had spent a fortune raising Doge's price. In addition, their team also worked together to increase the value of Doge. In fact, they want to make it the currency for the Tesla company.

I think yes, because the maximum supply is unlimited. And until now I don't want to invest in it.

I think this Dogecoin price depends on Elon Musk, because he currently holds the most Dogecoin. If he sells, Doge's price will drop immediately. But Elon is not that easy to make market conditions worse.

Yes, that's right, Dogecoin is not a lump of diamond as you mean but Dogecoin has a value and a price for the time being because it is supported by many people who have large capital, among them who support Dogecoin is Elon Musk. so, will the altcoin you mean (PYR) be as good as Dogecoin ??

Maybe many don't like it but dogecoin is overpriced and most will get rekt by this coin.

https://i.imgur.com/1hpVCMI.jpg

I guess it is overpriced when it comes to utility, just because it doesn't have a utility that is why most people are thinking that it doesn't have any future in the market.

But today it is just irresponsible to not have some in your portfolio just because at any second it could easily explode in the market, Once dodge reaches a new all-time high in the market it is always stabilizing and remain at that price so in my opinion there is a big community that is believing in the DOGE so I guess it is always worth it to invest in to even though it is a little risky.

When I realize its community and the potential of DOGE I can say I don't think it is not overpriced and I don't think it will even drop to 1.5 cents in the market.

For the current market situation and support from many investor, then I don't think the price of Dogecoin is overpriced, because all cryptocurrency price increase very high now, so it's only natural that the price of Dogecoin has increase very high as well and I believe the price of Dogecoin can still increase higher than the current price, because many new investor are already interested to investing in Dogecoin too at this time.

We should look at the fundamentals or the development of dogecoin, if we don't see any big reason why the price rises this high, then we should accept that it's overpriced and once a coin is overpriced, a heavy correction is always expected.

I'll bet, DOGE will likely drop big time than reaching $1 soon, this is my bold prediction.

I think it's definitely too expensive. It is unreasonable to buy doge at these prices. Let's say you bought doge coin, how many times it increased, it is important that you plan to sell. The whales collected it from the bottom until it came to these prices. They will now gradually sell the dogecoins to the newcomer investor. Then there will be new hodlers who will wait a long time. At these prices, it can be traded with a very small part of the capital in its possession.

according to me the current price of Doge is indeed very expensive or overpriced, we know that Doge is just a meme coin and doesn't have good fundamentals, it's just that Elon Musk and some artists support this meme coin going to the moon, with so much supply it is impossible if only based on the community, of course there are big bookies that hold Doge coins. so be careful with this fomo, it could be doge back to the base price again, be careful in investing and trading

I think the current price of Dogecoin is too expensive because the supply that Dogecoin is very large, so for the current price it is very expensive. and I am sure Dogecoin will fall back down in the near future as the large supply will not be able to sustain the high price. try to pay attention to other altcoins that have a similar supply to Dogecoin. no one has a price as high as the current price of Dogecoin. and I am also sure that many people will suffer a great loss from it.

its too expensive in my opinion , dont be rekt when current price. price move with high volatile and bitcoin still unstable now, its better to wait and see till confirmation signal occur..and looks like new buyer only buy doge from whales that accumulate since its price below $0,1. dont speculate except we ready to face the loss.

If this could happen to Dogecoin it can happen to other coin, investors have low regards for Dogecoin a year ago but after Elon Musk thew his support, it has a big turn around, I don't think Elon Musk will stop on Dogecoin he will try to find other coins that are worth creating hype, but what coin is that is a big question, so keep holding coins that are similar to Dogecoin.

yes the price of Dogecoin is very expensive at the moment, of course this is an opportunity for people who still keep this altcoin, because if they sell it they will make a big profit ... but if you want to invest in Dogecoin it's better to wait until the price drops even lower  ,

How are you sure it will plunge. Although, the price of Dogecoin might seem to be much, maybe because many see it as a shitcoin, but I can confidently say that it's passed that stage.

This price is very high now! There is nothing behind this coin except Elon Musk's tweets. This is a meme coin and it's simply impossible to expect something predictable from this at a distance. Better explore other projects, this coin is like a casino bet.

Now, in my opinion, Doge is expensive. the increase of more than 1000X makes the current price of course expensive to invest. the risk of investing in doge is quite high if you are currently interested in buying it.
better to wait for the bearish market to get a cheap price. we haven't seen the correction doge deep enough. although in April it had experienced a decline

The dogecoin price surged to an unbelievable amount during this bull run and its a courtesy of Elon Musk and followers who are always waiting for a dogecoin meme tweet to buy more dogecoin, and I think alot of this people buying don't care about the fact that the circulating supply of dogecoin is high and its an abandoned project, they just see it as an investment tool since Elon Musk will keep tweeting and they will undoubtedly make gains from buying now, and lastly in my opinion dogecoin is overpriced considering the circulating amount it should never be worth this current amount now.

Hard to assess what might the next target, either it will hype for more and hit $1,

or it will fall back a little and build another barrier, before you take your position make sure to analyze and never to stop observing everything that influenced this project, especially Msuk position as he really have the big one for hitting this huge amount of value, try to assess and weigh in each decision that you'll going to take to avoid huge losses.

in how long did you predict it? or before it touched 1 $? I'm not sure because every day someone buys a large number of doges, most recently someone bought $ 1 billion worth of dogecoins and that puts them up to the biggest doge number 3 holder.

One day you should come back to look at what you wrote here. Do not worry,,, I used to write very silly things about crypto too. I used a lot of words like undervalued too for altcoins that did not have a single use other than for speculation. DOGE at least does have a place in many many crypto casinos;)

But you really have to admit and be honest with yourself about expectations. Disappointment awaits those who believe in hype alone.

Admittedly, the doge currency is being blown quickly. It took me by surprise when within a week there was a lot of price increases
I think it's going to go up to 1$. With the current market and the number of participants investing, the price it achieves is not surprising
New or old investors are interested in it.

people also talk about the Dogecoin achievement. but for the price of $ 1, I think it's too expensive for Dogecoin. indeed in crypto nothing is impossible. but how is it possible that the increasing demand with the current infinite supply of Dogecoin could create such a powerful explosion as it is today?
what is happening now surprises us. especially by reaching $ 1. what will the people in the crypto market say?

the market of doge wont become big  if not because of the hypes created by different people and groups .
 there is no legit interest but they are only interested because they see there is a pump coming from doge . doge has a huge market now but thats not enough to push the price to one dollar because of its crazy huge supply .
doge is overpriced already and people should be contented and not expect for more .

It looks like the PYR token will be different from Dogecoin, because in general it is both good value today, but for PYR tokens it is still very early to be compared to Dogecoin which has been in the crypto space for a long time.

When you admit the surprise and blow the price too quickly, you also tacitly admit that the dogecoin overvalued, you did not even believe that such a price happened for several weeks with strange price increases, it is terrifying that dogecoin can continue to hit other milestones with such very suspicious actions. Agree that old and new investors both are interested in dogecoin but Elon Musk's magic hand was discovered by millions of spectators' eyes, prices continue public blow was hard to convince people

Not if it got actual usage, for me although DOGE is a meme coin, but if someone able to work the value out it, then DOGE will be forever not overpriced

Despite being just a meme coin, it is important to note that Dogecoin is a many years old coin with a large community. It is also traded on a large number of big exchanges around the world.

dogecoin price pumping on the fuel of speculation? Really tempted to FOMO in but honestly struggling with the economics of this coin. we know scarcity isn't a thing, so volatility at meme prices is unsustainable. i'm hoping to be able to BTD mid week.

DOGE reaching $1 is not impossible as you say but if it does get to that it will not reflect the true value of it. The pump is the only cause people rush to buy DOGE not its value as an asset. If this was to happen then it will only be a matter of time before the bubble bursts.

Yes, forever expensive is definitely not possible but to stay at a decent price is still very likely for Dogecoin as this is influenced by outside support for Dogecoin at this point in time.

A meme coin with no real usage managing to get a market capitalization of $50 billion. The only question now is when the bubble is going to burst. It can happen tomorrow, it can happen after one month, or it may not happen this year. Among my friends, I haven't tried to discourage anyone from investing in Dogecoin, because if it can move from $0.5 billion to $50 billion in market cap, then it is definitely possible that it may go up to $100 billion in the future.

although the coin was not created from the very beginning for serious purposes, but as we can observe today, there is a very large demand, but something tells me that this will not last long and people will soon play enough with this coin.

Few years ago I had 500k dogecoins, I sold them, because I diddnt see some developing project and thought that price was true! Now I think we all see good marketing, someday it will ends!

Unfortunately yes, Doge's growth will end as quickly as it started. But when there is increased excitement around this coin, there is an opportunity to conduct successful transactions and fix profits. The main thing to remember about fixation profits. I would never risk holding this coin for a long time)

Doge price today is really crazy, No one of us really assumes that DOGE will be valued at a crazy high price today given the status of the coin. The only thing I can assume now is DOGE will crash as fast as it pumps. I'm happy for those who profited from DOGE and giving good luck to those who still want to buy DOGE at the current price today. This meme is driving me out crazy.

I have a strange impression that I have read similar statements in the past several times about Bitcoin, Ethereum, Cardano and many other cryptocurrencies. The truth is that cryptocurrencies will not be overpriced for many years to come. As long as there are still people in the world who have not started using cryptocurrencies, i.e. they will potentially increase demand, then all of the cryptocurrencies have the opportunity to increase the price. The same goes for Dogecoin. The price will go up and down for sure, but I think it still has a lot of growth potential.

As everyone knows, dogecoin is one of the most increasing altcoins of recent times. A coin with a lot of fans. this compels him to rise. It showed a nice rise with the support of famous people. but dogecoin has strayed too far from its true value. the current price is too expensive for dogecoin in my opinion. Dogecoin should be bought at a much lower level and sold at this price.

Dogecoin is considered to be the most potential coin of all time as it is always among the top 30 coins on coinmarketcap though its price was not increased that much but this time it breaks all records and currently trading at .4$, dogecoin will easily cross 1$ milestone by the mid of may so buy dogecoin and get some good profit in near future.

$0,44 is too expensive, mate? (current price)
I don't think it is too expensive, it is okay with that price. But surely it is not a cheap price anymore for a Dogecoin price. It is a bit difficult to determine what price that deserves for a Dogecoin, it is valued based on how much demand on the market. Even it is a meme coin but if many demands on the market, it naturally increases its price. However, be careful of the risks, the price can decrease severely if there will be fewer demands in the future.

Dogecoin is a nice coin and I think it's worthy to invest in doge coin currency, and I noticed that alternative coins is the possible way for someone in cryptocurrency to make ambiguous profit than to be investing in another crypto so from that note a newly listed coin in any blockchain can generate revenue than already existing currency.

Not just nice, but truly amazing. Again dogecoin goes across the market. While everything is red right now, dogecoin shows some green numbers. And this is achieved without outside help like tweets from Elon Musk. Current growth happens by itself. But this is not the call to exchange and invest everything into dogecoin. This is a very volatile altcoin and investment must be extra short term. It is dangerous to buy and forget about doge.

Indeed, Dogecoin is in a bubble right now. Only a newcomer into crypto will think otherwise. There's really nothing to DOGE considering that it's been abandoned by developers for quite some time. Besides that, there's huge inflation on the cryptocurrency itself. If you're keen in economics, you'll know that this is bad for the long-term value of Dogecoin. People are only pouring money into it, because they're following Elon Musk and Mark Cuban's footsteps. Once these public figures get bored, people will move on to the next big thing in crypto. Afterwards, DOGE's price will go all the way down the drain until it's worth less than $0.01 USD.

Nonetheless, I strongly believe that Dogecoin is extremely overpriced these days. The hype will last until people move on to the next big thing in crypto. What Elon Musk is doing is "shilling" Dogecoin for his own financial benefit. I'd bet he made a lot of money with the recent pump where DOGE hit a price of nearly $0.50 per coin. The rest of DOGE investors will lose money big time, as everything will go down the drain at a very fast pace. Newcomers will be the ones mostly affected, making them believe Dogecoin was nothing but a scam. At least, the blockchain network is still alive and running after all these years. As long as DOGE remains decentralized, nothing else matters. Just my thoughts ;D

The value depends from how investors wanted to pushed it, right now we are witnessing more pumped.

https://i.imgur.com/0h2HJQn.jpg

$.57 and moving forward to build another good barrier, corrections may take place as expected those traders who are riding for short

term trading will cash out, be aware and avoid losing your money.

Doge's price is almost close to $ 0.60 back to an all-time high and I regret not buying it when it was around $ 0.40 yesterday because I was hesitant to buy it.
really a really nice move for Doge and it looks like a $ 1 hit is going to come true, and I shouldn't waste it before the price gets too far.
and the recent doge escalation on news that the popular Israeli online trading platform eToro will offer crypto assets to its customers.

Yes, currently Dogecoin is bullish and I think the trend is also very positive and strong. I just don't understand why people invest in coin memes? don't get me wrong, i love doge, i just can't understand what they want from investing on doge apart from their investment profit

LOL.... now Dogecoin is the 4th largest cryptocurrency in terms of market capitalization. Only Bitcoin, Binance Coin and Ethereum are ahead of it. If the trend continues, then it may be able to overtake BNB in the next few months (if not weeks). Can you imagine this? A shitcoin, which was created to mock the idea of cryptocurrency is now more valuable than Tether, Cardano and Polkadot. And ever since the start of this year, Doge has gone up by around 120 times. Let's digest this. 12,000% increase in 4 months.

the endless pump of investors and billionaires making doges like trance on the price :) I think it's good enough for them because with them like that it's wrong but as long as many other people follow and the profit is pretty why not. I don't think doge is a bad coin for now

I can't really speak everyone, cause just like every other coin in the market their prices are determined by supply and  demand, it seems  people no longer care about the huge supply of dogecoin and the fact that its an abandoned project, they now see it as an investment tool like e.g bitcoin and Ethereum, the price of dogecoin soared massively today dogecoin is now worth over 50 cents, and from what i know I bet so many people will fomo in  hoping dogecoin price will get to $1 which is possible anytime soon.

Dude it's all based around the hype for Doge. It will go down eventually. Maybe it can hit 1$ before it goes but it will go sooner or later. Cardano and Polkadot have use behind them and are planing to do big stuff for world in future.

That's right, nowadays many big figures and their followers are madly pumping Dogecoin to the moon, they are also taking advantage of the rise of this Doge project.  for me it doesn't matter because it helps most people too so yeah that's great.

You should think that it isnt really helping people because if there are winners/profit there are losers on the other side on where this is how the market normally works.

We cant say that it is already overpriced because as long it gets hyped and mainly supported with those big figures then you can really expect that the potential is really there.

Its up to someone if they would still risk out on buying Doge because there's always no assurance on how things would go in the future.So its your call neither you do engage or not.

for the size of Doge I think this is very expensive for now because previously this coin was only a meme and I did not expect it to be like this, but if you look at the crypto world like this, we can still consider Doge and it can still be said that coins are very easy to buy. for small traders.
but I think the glory of this doge is still not over here. We can see the crazy pump of the billionaires and investors who are investing there. no half-hearted each they pump is definitely new ath

I know a girl who literally bought doge for the sole reason of "aww cute doggy!"


I shit you not. If she kept some, she's doing pretty well right now.

The cuteness of it might get people into the crypto space so regardless if you think it's a shit coin or not, it's a good thing if it gets people in and using it.

Dogecoin looks like such an easy way to get some quick money, that is makes hard to resist not to invest few hundred dollars into it. Anyone is having has same feeling as me? When dogecoin price crashes, it will cause a severe damage to whole cryptocurrency.
It is really hard to understand why there are already 12 pages of discussion, when it is clear that dogecoin is overprices, as it has no usage and was created just for fun.

I don't think Dogecoin is too expensive considering there is a lot of support from investors for it, and at the moment there have been a lot of increases. There are still many investors who are starting to look to Dogecoin, and I am sure that in the future there will be another increase.

with the number of people coming into crypto right now, its definitely not overprice, it could go more than $1 up to $5.

doge is more popular on tiktok because it's easy to just promote it there. internet users just love kitty cats and dogs :)  its sort of marketing that Elon must have had in mind. Bitcoin is not easy to promote because of the negative news around it but with dogecoin, crypto is introduced to new crowd.

Right now there is too much media covering it and also the many people who fomo make the hype created on Doge coin has increased quite high. If we look at the current increase of Doge more than 2000% within 6 months because of elon musk's tweets. a lot of people are saying the price of the doge will hit $ 1 very soon. Of course, this is a pretty crazy thing from what I know about altcoin investing

It's way too overvalued but people don't care. The hype is real, mass adoption came with DOGE it's hilarious.
Regular joe don't even know how to use crypto currency exchanges but they can buy DOGE with an app without even checking the price.

I've been in crypto since 2017 so i don't want to invest on this kind of project, this project just rising because of the hype. Everyone who has gone through 2017-2018 period should know about this bubble and i don't want to gamble my investment into it.

Doge's success now is overwhelming because no one thought that this meme coin would shake the all crypto market and community and many of us didn't took this coin seriously. Some wages into gambling bets, claim on random faucet sites and spending it like there's no tomorrow. So, I guess this coin is not overpriced whatsoever because the community decided it to make it to happen especially Elon Mush is backing up his dog.

For a coin that doesn't have a capped max supply? Dogecoin is overpriced in my opinion, but people no longer care about the max supply of dogecoin or the circulating supply, their only concern now is how to buy dogecoin now and wait for Elon  to make a dogecoin meme tweet so that the prices will starts pumping , then they sell at a higher price than what they bought and make profit from it, that's what matters most to everyone now, just make profit from holding dogecoin.

Indeed, in the world of cryptocurrency anything can happen and is difficult to predict,
and it happened to Dogecoin, currently Doge is arguably at the top if we compare it to the previous conditions,
let's see what will happen to doge in the future. I'm personally also curious about that

if we look at the supply of Dogecoin then the current price of Dogecoin is very expensive. but in crypto nothing is impossible, everything can happen without us expecting. Maybe no one thinks that the price of Dogecoin will reach $ 0.6. but now that has happened to doge, and this is a very high price for Dogecoin.

its a self-organized ponzi scheme, all the bag holders will lose big. at this point, this seems like some type of false flag to allow world governments to ban self organization. we saw the cries to ban it after the GME/AMC pumps. now with dogecoin, when it goes sideways and the bag holders lose, i expect to see even more manufactured consent articles around banning self organization.

You really think that Dogecoin is a self organized ponzi ::), my suggestion is that you need to learn about a ponzi and then rethink about the claim, so what would you call the rest of the alt coins which is much shittier than that and some of the alts are created for the sole purpose of pump and dump without any use in any gambling market nor as an utility. The market is pumping because people are willing to take the risk and pump the coin irrespective of the technical point of the number of coins in existence and as long as there are people willing to invest heavily the market will rally.

Dogecoin was launched in December 2013, and the current price is 0.6 USD, if we look at Doge's long struggle, then the Price of $ 0.6 is not high, compared to other coins which are still new which have reached $ 100 or more.

you missed a key part of my post: "self-organized ponzi scheme" this is not a traditional ponzi-scheme, where there is intent to defraud from the creator. this is a self-organized ponzi, which if you don't understand what self-organization is, you should google it. self organization is not criminal, nor is there anything criminal about a self organized ponzi scheme. but the fact remains, the bag holders will lose here when the hype dissappears and the money pulls out. this is exactly what happened with GME, and that was the entire point of my post. if it happens with doge, which is the likely conclusion, then we will see renewed calls to ban self organization, which will be a massive loss to average joe traders and a win for the big guys.


Yes, this is exactly what self organization is, and my point was that regulators want to ban this because the big guys lose when the little guys self organize

I see that right now the market is a little chaotic with Doge's price continuing to build on its hypo.  Even if you look at the original purpose of its creation, DOGE is only a meme coin to mock BTC and ETH at its time.  Doge can probably be said to be the only recognized version of shitcoin.  It is the same as circulating in the market for the sole purpose of pumping the price and selling it when it is high.  No more gain you have is someone else's loss.

theoretically when viewed from the results achieved now it is expensive, because we know that before the pump, all I can say is crazy doge is only a small nominal coin which is often used as a joke. but after the pump from the investors especially the main pioneer namely elon doge became very valuable in some circles of small traders, even though it was very risky but they were able to make history with several new times during the pump.
doge now I think a lot of people are taking it and it's thanks to one person.
doge is now starting to be hailed by small traders for its achievements and this I think can be called expensive doge but in theory.

Its overpriced absolutely! I wonder how badly people buying this coin while theres a lot of low marketcap coins thats more deserving to its spot. Once the hype will collapse a lot poor souls will cry, Doge is the real bubble and should be pop before the hype gets worse.

It seems to be a organised vertion of the shit coin.
So it not so overpriced but if it cross 1$ then you can say its little bit overpriced for now.
It may can go to 1$+ in next couple of years depending on its fundamental but not for now.

We will be even more surprised when Doge will take over all the best positions of the best coins today. One of them is BNB which has successfully won the position of three market capitalizations. There is a high probability that Doge's price will reach $ 1. With a high total supply, all positions will shift.

I lost most of my dogecoin to ponzi scheme, just realizing today that I should have kept them all. I can't any longer what is pushing dogecoin this can't just be common traders if they were, the price would have long collapsed. Seems to me there could be some underground works going on to mass adopt dogecoin in the future, still watching Elon Musk.

I understand what you mean doge is not that expensive, but are you still saying the coins are not that expensive when the price goes up like that. for me it is quite expensive when viewed from the initial price and goes straight upwards, and it is a very profitable coin for the people who hold it. but I really agree if you say doge has a good function to use for transactions. and in my opinion it is a potential coin to be stored and used for trading.

I would not say doge coin is overpriced, and i strongly believe it has the potential to still increase higher and surpass 1 dollar. A lot of people underestimated doge coin (including myself) because it is just a meme coin and has no real use case, but it shocked us all. I will never overlook a coin again.

dogecoin is a very interesting cryptocurrency. It is interesting because it reaches this value. Because it was a coin that was known to everyone but not taken seriously when it was first released. Some of us may have regretted that it has reached this much value now. but I don't want to invest money in dogecoin because I don't have confidence. too expensive for me. this much value is too much for dogecoin.

No hard cap is supply means an ever-growing inflation rate meant to devalue the cryptocurrency over the long term. But most people don't care about this, as long as there's money to be made in the short term. Elon Musk knows that as long as people are made to believe something is good, they're fall for it like there's no tomorrow. It's why he keeps shilling DOGE for his own financial benefit across social media platforms. Prices continue to rise because Musk tweets about Dogecoin. Once he gets bored, it'll go all the way down the drain faster than you've previously imagined.

At current prices, Dogecoin is extremely overpriced. Transaction fees are now higher in terms of Fiat (USD) since 1 DOGE is now valued at nearly $0.62 per coin. Imagine paying 62 cents for each transaction, when it was less than a cent before the craze. The higher DOGE goes, the higher the cost per transaction will be. Based on DOGE's inflation rate and circulating supply, we could say that current prices are NOT sustainable in the long term. Time will tell us how far DOGE will go, as people move on to the next big thing in crypto. Just my opinion :)

It is over priced now, the peak always around 90 sats. No point to buy doge, no other feature then Litecoin or Bitcoin. The doge holder also another scary thing to consider it as investment. Its just hyped because of richman tweet, i wont buy doge even it will goes to $1.
Remember, 5 billion doge will be created every year and there is no limited supply.

If the pump continues, DOGE could easily reach $1 per coin. But the effects won't last for long because of the inflation existent within the core Blockchain protocol. Dogecoin is extremely overpriced considering that there are far better coins out there on the market.

I believe that Litecoin is a better alternative with a max supply of 84 million coins. It has a chance to "boom" in price if it gains the attention of mainstream investors and traders alike. Yet, people are focused into Dogecoin because they believe it's a "get rich quick" scheme. As long as Elon Musk continues to patronize Dogecoin, the cryptocurrency will only go higher in price. How long will the hype last is an excellent question. Once it all comes to an end, expect Dogecoin to go below $0.01 faster than you could've ever imagined. ;D

if we compare it with the previous price, it can be said that now Dogecoin has found a very high price. and this is really a very fantastic price obtained by Dogecoin

That is not the point ad totally a wrong approach to assess whether the pricing makes sense. If you argue that way you could say Ethereum is expensive because it came from $500 or Bitcoin is expensive because it came from $10,000.

Dogecoin is expensive because you can't find satisfying reasons for its price other than celebrity driven hyper speculation combined with the luck of being mentioned as perhaps a means of payment for Tesla and financing operations for SpaceX. But are these temporary characteristics or permanent? If they are permanent, it could give Dogecoin value. If they are not, it is pump and dump only.

We all know that dogecoin is on a constant pump because of the impact of Elon musk, one of the most influencers billionaire of the cryptocurrency industry. The reason why dogecoin was termed a meme coin is because it was created as a joke, there's really nothing substantial or of value that is performed by the project.

I agree that Doge coin is overpriced. Doge coin is a coin with no specific use case and doesn't solve any problem so i really do not see why people are hyping it so much. Considering that it has no maximum supply, makes it hard for me to invest in it, because as the supply keeps increasing the value would drop to adjust to the supply increase.

For a currency that has been considered as a dead coin once, we may say that dogecoin is quite overpriced but considering the circumstances, as it gets more popular and patronized due to Elon Musk's advertisement in twitter, it somehow justifies its current value. As years pass by and as Elon Musk continually supports it, there's a high chance that its value will reach $5k in no time. Still, the risk is there since Elon made a huge contribution on its price boost, if ever he decides to abandon it, huge dump should be expected already.

My response to this is affirmative. And so also are everyone that has been in Cryptocurrency world for sometimes and also understands it. DOGE is currently overpriced as no development has been done about it since its creation and it has no use. The creator of DOGE even did so as a joke. That's why it is always referred to as meme coin.
And every one knows the reason it could attain its current price is the aggressive hypes by Elon Musk which is just to manipulate the Cryptocurrency prices to his own personal advantage against the general public

In my opinion, people don't care if a coin is too expensive, if investors make a profit, they still invest in doge coin.

The question is difficult to tackle anyway. When do we know whether a cryptocurrency is overpriced? I feel like there is almost no wrong or right answer to that question. Even if you ask that question for Bitcoin or Ethereum, are they overpriced? Or not? How do we know and how do we measure what is overpriced and what is not? With stocks it is easy as you can apply certain valuation methods, but you can't do that with cryptocurrencies unless they have an underlying business model that produces returns.

You are right with everything about Dogecoin, we cant really say what the project is about except being a meme coin that was meant to joke on the real cryptocurrencies but unfortunately, Elon Musk has succeeded in overhyping Dogecoin which is obviously overpriced to me, and secondly, Elon is really no Crypto Influencer IMO, he might be a billionaire that happens to make some profits off crypto but certainly not a crypto Influencer.   

You know when a cryptocurrency is overpriced when current price on the market doesn't match its total supply. This is all about economics. The higher the supply, the greater the inflation rate. This translates into lower price per coin over the long term. With all of the Dogecoin currently in circulation (plus the new DOGE that will be mined every year), price per coin should've been a lot lower than 1 cent (USD). What's keeping the "meme" coin afloat is Elon Musk. Once he becomes bored of DOGE, expect the coin to go all the way down the drain in an instant.

Of course, nothing is set in stone. After all, crypto behaves in strange and bizarre ways. DOGE could go either up or down in an instant. What's important is that you secure as much profits as possible regardless of the coin's current price on the market. As long as you do that, you'll have nothing to worry about. Just my opinion :)

Currently the price of dogecoin is much lower prices for elon musk's tweets began to rise but if there was no demand for the currency in the market prices would continue to fall. The demand for investment in the market has increased due to the increase in the price of bitcoin that is why the price of other altcoin increases.

I think you should rethink the issue because profits always come with risks. With a coin that has been exaggerated in terms of its use value, I think it is really a big risk for those who follow.

no demand for the market about dogecoin? who told you that? Dogecoin is one of the most used crypto in gambling industry . so don't post things that you don't really understand.
dogecoin is super cheap . and still one of the best cheapest coin that has future.

But how could an investor knows if the coin will make them profiting or losing ? so it is wrong to say that people don't care if the coin is too expensive or not because it is their money that in risk here.
and if mine? lol i will care so much for my funds.

Anyone who invests in cryptocurrency especially in this coin will not immediately know if they will make a profit, maybe they are just really basing it on the tweets that EM makes.  I read a lot in the comments of his tweets that others or his followers are complaining and crying because they think that they will continue to earn a lot from it immediately.  It's their fault that they believe in a well-known person who doesn't know anything and is just new to the world of crypto, even a financial advisor shouldn't do that.

Agreed It is overpriced, as far as I can tell the the price is artificially influenced once the pump is over we all know what follows...a dump and that's when we get to know it's true value!

Let's not forget, people trashed away this coin in the bin  ::) and it was hardly on the radar, how it got back is through one man's deep pockets but once we remove him, dogecoin is going back to the history books. If crypto is to grow coins with real use need the stage, not memes of jokes.

That is if it is easy to be influenced by people even with just tweets,
with things like this of course we can take lessons so that in the future we don't repeat the same mistakes,
after all investing in dogecoin is not the right decision and it needs to be reconsidered

as long as many people are affected by tweets, then something like this will happen again. everyone can understand that it is only temporary and benefits certain people who clearly have bad intentions, so don't give a chance for such people to do anything, otherwise it becomes a bad habit in the future. dogecoin is rising on a momentary boost and it's definitely not a good investment.

Whether it is overpriced or not, more investors will still be interested in buying the coin if  the price keep going up. Most times the crypto market is unpredictable which is the reason why profits and loses are very much constant. When an op loses another one gains. A lot of people might be lured to buy this very coin just because of it upward movement, then the price suddenly falls making a lot of people to lose their funds.

- The price of dogecoin is very expertly faked, although it had a few fake points since the beginning but the quick values made people drop their doubts and jump into dogecoin so they don't miss out, a long line of people queuing to be bought and not realizing the real value until strange rumors surfaced by businessman Elon Musk. But the fake face and unexpected high prices were torn by the honesty and strength of the crypto community, the believers failed badly, this lesson has probably penetrated into the brain and cannot be forgotten

if you look at the history, chart and fundamentals of the coin, it is true that the price of Doge is very overvalued,
because with a total supply of many Doge it can reach a price of more than $0.1 even almost to $1,
of course it cannot be imagined by expert traders, because of the support of the community and Elon,
make Doge can reach a very expensive price, but be careful, even though it has dropped to $0.2,
Doge may come back below $0.1, so be careful

Any coin that only gets successful due to hype will always come back, and that is because of correction, and the moment Elon is done shilling with DOGE, eventually, there will be a lot of dump situations we will witness as newbie investors will easily panic.

The growth of DOGE is very impressive, but we know from the very beginning that it's only brought by hype, not its fundamentals, you know what I'm saying.

when a coin become too expensive that it doesn't make sense anymore, that's where pure speculative trading come to play, many people don't realize it but coin that are overvalued like doge is purely speculative.

and what I mean by that is the price could plummet literally down more than 90%. that's basically the same as gambling isn't it? meanwhile other coin that have better fundamentals will always recover back after dump eventually because many people
know that such coin have use case, doge in the other hand? just full of people who screaming they believe in doge while in reality they want to take profit too.

Dogecoin is still hype now mate, because this is what we need to accept

https://coinmarketcap.com/currencies/dogecoin/

so basically there will be another pump in the next few days and please don't think that dogecoin is only being Hyped by Elon because admit it or not , it is dogecoin that's in demand now in terms of usage from gambling and even from conversion.
Wrong, and watch if happen even after Elon is gone luring for doge.

dogecoin is too expensive for the price to go up so fast not many people think dogecoin can go this far but it happened so fast and surprised everyone with such a high increase need to be aware dogecoin did not progress that high before nor does it mean price value which means when Elon Musk came along everything changed so quickly the price increased a lot and the interest in Dogecoin got even higher.

I can't believe people still buy DOGE over 30 cents. It should be less than 3 cents.

Expect the unexpected!

People would turn out to be crazy and doing some stuffs which shouldnt really be done specially if its hyped by someone or  being shilled out.Me too myself didnt really expect for Doge to have this run as this coin should really be good as meme coin or really just good for gambling purposes but surprisingly it did really make out some significant move.

Overpriced or not then we do have our own takings.Some would be dealing still with it and some would just simply avoid it.

I'm waiting for that time to see dogecoin costs 3 cents again or anything under 10 cents.
It's about to get close to that price and it had made its downtrend to $0.2.

The person who promoted was known to influence the stock market and it is not a big surprise that he was able to influence the cryptocurrency market because there is a huge group of people who thinks that whatever he promotes will rally and that is what we were seeing for a long time and it was time for Doge to have a major bull run and anyone who owned Doge for years made a fortune.

As long as there are investors coming into the market the price will rally .

Did you plan to buy them on that point? I dont think 0.2 as a strength support, do you have any insight on it?
I expect the right value of Dogecoin is 0.01$, value atm is still overvalued.

Dogecoin ain't going anywhere. Prices will continue to fall until the "meme" cryptocurrency costs less than a cent (USD). It was never meant to be taken seriously and it'll stay that way for a long time. There are far better cryptocurrencies out there on the market with a proven track record of development and innovation. 40 cents per DOGE is a crazy price considering that the project has been abandoned for quite some time. It's full of hype more than anything else.

I'm waiting for the day when Elon Musk gets bored of Dogecoin so prices could go back to the way they were. I don't think it'll reach $1 soon because of the cryptocurrency's economic model. The huge inflation is what'll kill DOGE in the long run. At current prices, I'd say that Dogecoin is overpriced. Only a noob would think otherwise. Time will tell us whenever Dogecoin will last or fade away into oblivion like the rest of the other useless altcoins on the market. Just my opinion :)

Yep been saying this for awhile.  Those block rewards are way to much to sustain any kind of high price.  Doge will keep falling year by year from here.  Too much sell pressure from miners will eliminate any kind of demand rush.

These billionaires minds weren't as ours. They'll have fun in making money. We keep struggling to make money, but they play to make money. Maybe this guy is bored of it now, surely he'll disturb the market. Maybe once the same can happen with dogecoin. Hoping for it, holding dogecoin is always a good choice in my opinion. The market that has moved this extent could move to $1 which doesn't look like a big change.

Doge getting hammered right now.  The endless supply and the block reward emission is just not sustainable.  It was a fun toy to play with but when the dust settles it's going to be back to a penny or under.  There just won't be enough endless buy support to support the supply.

I have a few sums to a great extent, yet in the event that I realized this will occur, I would save significantly more! I say it like that since I bet away a great deal of Doges, just they were less expensive, significantly less expensive. What individuals are really focusing on is that if it's beneficial and if Elon's continue publicizing it. That is the main factor that the vast majority of the financial backers that are getting on it care about.

People took it seriously because of that guy.
But they now going to have an idea that such coin shouldn't given that type of attention which will put them at a huge cost.
Now that it's decreasing, I'm so sure that many have been rekt.

I think that at the moment it is not expensive, in fact many analysts say that not even another tweet from Elon Musk could lift Doge again, however in the short term the following can be observed:

https://i.imgur.com/iFQhNcP.png
Source: https://cointelegraph.com/news/price-analysis-6-21-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc (https://cointelegraph.com/news/price-analysis-6-21-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc)

I think those people who are Doge fans, it's a good time for them to buy, but there is a latent risk that it could continue to go much lower. It is at the discretion of each person, but if you trust the currency a lot, it is another type of feeling that is also respected.

Like you say it's stupid to use your money to bet on something they don't understand, people often think that making a profit in this market is simple, but in reality it's not.

I don't think dogecoin is overpriced, why?
because Dogecoin has a very good and promising project in the next future, dogecoin is a very good coin and also can go to the top in the future,
dogecoin keep getting pumped from all influencers over the world, dogecoin also have a great relation with Cardano (ADA) now.

Yes it is very difficult to make a profit in the market if the crypto market is not stable and there is no good knowledge about the market. Therefore in order to reduce the loss one has to analyze the market and then invest this will increase your intelligence and make it easier to do market analysis.

Yes, with us analyzing the market at least it will help us in making the next decision,
because we know for ourselves that the highly volatile cryptocurrency market conditions make it risky

Of course, Dogecoin is currently overpriced, the fair price is $0.002...

Until now I am still very surprised because there are still people who buy Dogecoin. dogecoin before Elon Musk's tweet was a very fair value. soon for sure, Elon will leave Dogecoin :D

It's still over priced even after this latest dump.  The 10k coin block reward every minute is just too much to overcome.  When alt euphoria slows down like it always does the supply will flood over the demand and the fall will be drastic.  Probably a good time to short.

I think it's overvalued because apart from Elon Musk's Fomo and community appeal, Doge Coin doesn't have any outstanding real-world applications other than the previous Dice games or HYIP websites.

If the online businesses will adopt DOGE, then the demand for DOGE will increase, that's what you called an adoption. Just like bitcoin, it's only used as a payment system, the same thing could be done with DOGE, unfortunately, its supply is not fixed, so it's not attractive to investors, I mean smart investors.

- Some people's form of buying is just taking advantage of the moment and then they also leave dogecoin but probably quite a few people are a few steps behind the market jump, the advice of salesman Elon Musk made them believe more and they failed. The original sweetness has been changed into very bitter and spicy sensations, experts are pricing dogecoin again, probably the next few months will be the clearest values in terms of dogecoin

we all understand that what can happen with this market. I realized that many people are really greedy, their greed makes them forget about the risks they can take. And money is the specific payment for that.

Business adaptation is nice, but won't increase the demand for Doge or any coin by itself. Coin prices are made by speculation, hodlers and supply. Doge is still overpriced imho. It would need some continuous technological advances to be priced fairly.
I don't think that the unlimited supply is such a big problem. Investors are typically only looking a few years into the future. More important is how quickly it inflates and Doge should have a lower inflation currently than many other coins.

it takes time and learning to be able to analyze well, the best teacher is to immediately go down and do it with small capital first because with that we can learn character and from mistakes we can continue to improve. I agree it takes time and it's not easy when the crypto situation is not good.

people who cannot enjoy the gifts that should be received when experiencing benefits, but want more to be taken from the opportunity, in fact end up not achieving what they want because of greed that can't limit when it's time to accept the situation. because the opportunity can soon pass if you can not accept the opportunity that is already available.

DOGE is an attractive coin
Prices will rise again in the fall
At that time, with BABY DOGE

When everything gets hyped then you would really see those numbers that we havent expect for a certain coin to reach out this doesnt only limit out on DOGE alone but also in other possible coins that would be hyped next specially if the person behind those tweets and sentiments is something influential and known which its just normal for the public or the community to have those kind of reactions on when the time they are really in fear on missing out the
opportunity that they could possibly get if it turns out that the price would really be heading up.For those who do risk out are the ones who do make money but for those who had been late and ending up on getting caught on the peak price would end up like holding like forever.

The price of DOGE also has its signs of recovery, but the trend for this coin is clearly bearish, it is difficult for the bulls to maintain the price, I would say that the coin is not expensive for now:

https://i.imgur.com/eRVF95j.png
Source: https://cointelegraph.com/news/price-analysis-6-23-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc (https://cointelegraph.com/news/price-analysis-6-23-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc)
For now, the prices of Doge are very stagnant, Elon Musk has not manifested again, however this coin can reach levels of 0.45usd or more if everything goes well, bringing good profits to the hodlers.

if we look at the candle, it is indeed a doge in a downtrend. but given the amount of resistance that will be broken to reach the top, I don't think it will happen in the near future, unless someone deliberately pumps it again. and now maybe the price will only form a consolidation area

Can you really imagine a usable field of Dogecoin? or is it just elon musk hype?
In the end, I wouldn't be surprised if it was an irony by Musk.
It might be fun to play, but really as an investment? long term? I don't want to destroy dreams, but if something is unusable then it cannot hold any value.
I don't know of any projects that are related to dogecoin and are being developed that are really relevant.

Dogecoin is over priced and it interesting that market do not feel the same. Many good and promising  coin are down, bitcoin is down as well losing up to 50%  of it's ath value. Dogecoin however is not losing much. I guess those that hold dogecoin are doing so because of some other reasons and whatever reason it is, dogecoin price is not sustainable!

I think it's a few cents above its true price right now, but I think it's fair that DOGE is living in this moment. I used a lot of DOGE in the past, it was practical and fast. I never had any problems. Of course I don't own DOGE anymore and I understand that the only trading pair that is more profitable is BTC - USD, but for those brave DOGE is an option that can be profitable.

so I remembered that I used doge because the fee was low, so I could save on transaction expenses. but until now doge is back down, and that's normal because many other coins have experienced the same thing, after pump and dump, at least doge is still alive at this time, and waiting for the pump to happen again to reach the previous peak, although no one knows when it will happen it happened, and until now doge is still in the top 10 of coinmarketcap

Still hihg in value since those who bought at the peak still convince that the value will bounce back and start

to bring them decent profits, but in reality, that said chance are far from how the market is moving, Bitcoin

is down and most of those known and reputable coins are also moving downwards, whatever the reason investors

still buying this coin most might still hoping that it will rally high again.

DOGE is as useful as most coins used as a medium of exchange and payment.  It is also used as gambling bets on crypto gambling sites for the reason of fast transaction and cheap fees.  But it is still undeniable that its price has plummeted because of the hype provided by EM.  Many also say that it is not a long-term investment because of its unlimited supply.  Those who have just bought at a higher price compared to the current price do not seem to be able to accept their defeat immediately, what if they stay in this situation for a long time.

Among all the meme coins, the dogecoin is the best one. It's not easy for any meme coin to remain in top 10 crypto currencies. I know many people will say it is because of the Elon Musk but no coin can have big market-cap unless it is backed up by the community.

The best use case for the dogecoin is its being used in gambling site because its not only cheap but the transaction cost is low and transaction speed is also very fast. However i do not expect the price of dogecoin to rise because of its unlimited high supply. Those who are stuck in doge at high prices, they should only hope if elon musk can promote this coin again and then they can book their profits and exit at break-even / Profit.

Yes, when talking about coin memes, it is only Dogecoin that has good achievements compared to other coin memes,
it will be interesting i think whether dogecoin will be able to last long to continue in the top coin,
we'll see what happens to dogecoin later

if you look at the function of dogecoin, then I believe the price of dogecoin is overpriced, because dogecoin has no function, so according to the current price of dogecoin it is not worth it, but with a very large community of dogecoin, then in my opinion it is a natural thing if the price of dogecoin can increased very high like now, that's why I also invested in dogecoin, but of course I didn't invest in dogecoin for the long term, because the risk is very big.

Yes, obviously the price of Doge coin is very very overpriced. And this is now one of the best meme coin in the crypto world. Everybody are Trolling about Doge coin.

Elon musk is playing a vital roll for Doge coin movement. I don't know how much actually He is related with Doge coin team. But he is act as he is the creator of Doge. Doge is now looks like a pump dump coin. And People now also avoiding Elon musk tweets. That are not much effective like before.

That means the bull run is over and people can start realizing that they got fooled by the tweets of Elon, they learned the hard way that's it. The reason why DOGE is still not going down is that there are still people who hold and believe that DOGE will be able to bounce back and make a new ATH which is $1.

Let's see how long they can hold, will they HODL?

I don't think Dogecoin is overpriced, today's Doge price is $.02579, which is quite low with the current volume of DOGE. On the contrary, I think the current DOGE price is still underprice, because I believe DOGE will soon skyrocket to $1.

they seemed trapped until they decided to keep holding the doge. nowadays more and more people are aware and seem not to believe what Elon said, it can be seen in the shiba project, which is not as bright as what he said at the beginning of the bullrun season

It is overpriced mate , Look at it now going back to the value this deserves. i hate breaking many peoples  heart but that is what it is, Doge is overpriced and overhyped by the Whales who bagged money recently .
look at it now cannot even make a 20% growth back again.
though it's great seeing this with at least 26 cents as i speaks here now.
Lol with dogecoin volume you still believe that the price is not overhyped? are you kidding me?

Right now they are still not panic because DOGE is still holding a good value, maybe lower than what is expected but at least it's still holding and surviving. The Elon Musk effect will not be easily eliminated, and these believers who are still holding now are still hoping that one day a bull run will come again and will make their investment shoot up to the moon, like what the memes are showing.

Depends on who you ask and who the doge holder is. I received my very first DOGE as a tip, and most if not all the DOGE I have given away is also as a tip, which is really the spirit of Dogecoin, giving and passing it on.

It may be a memecoin but it was the first exposure of crypto for a lot of people and this year, also the first for many first time crypto owners. If it teaches you to use wallets and addresses and spend, I see great utility.

Doge overpriced is trully yes, before all of it doge just small coin in the big crypto world, but since elon said in his tweet, its going up like crazy.
Undeniable, doge has good speed transaction, but with unlimited total supply, doge should not reach the highest price like yesterday we saw, it is pure manipulation by whale.
Before all of it, doge was my favourite coin to do transaction, but now i am moving to BEP20 wich is has cheaper gas price.

I invest before in Doge not expecting the price to be this much, I have sold it when Elon hype it and get the price higher. I only bought it since I'm a Dog Lover and for doing transactions that can lessens the fees than using BTC or ETH. I'm really thankful I decide to buy before since it just happen I have extra and was able to sell with the price I didn't even imagined it will reach.

Dogecoin is "Fool's Gold". Those who invest in it now will regret doing so later in the future. The "Elon Musk hype" is fading, so it shouldn't be long before DOGE goes back to sub $0.01 prices. Only a noob would think Dogecoin will reach $1 per coin. If only people did their own research about the project instead of following a single man, they'll realize that Dogecoin is not meant to be a store of value. The hyperinflationary nature of the cryptocurrency tell us that it should become cheaper over time. It's like Venezuela's Bolivar currency subject to constant devaluation because of hyperinflation. Like it or not, Dogecoin is overpriced just like some other useless altcoins on the market. Time will tell us whenever Dogecoin will retain its value or go all the way down the drain. Just my opinion :)

I would think DOGE will reach $1 if the bull run was extended, but I would not believe it will stay at that price and grow, of course, this is just a hype coin and what comes up, must go down. Elon popularity is going down, the same thing would happen to the coins he is shilling, so consider this as a warning and get out while you can, that $0.01 could possibly happen.

There's a rumor that Elon will make his own crypto coin, would that certainly affect the DOGE in a negative way as people will be moving to Elon's coin and that will make one pump and the other dump, and obviously it will be the DOGE that will dump.

https://www.news18.com/news/buzz/elon-musk-may-create-his-own-cryptocurrency-if-dogecoin-is-unable-to-do-everything-he-wants-3745688.html

Elon Musk's initial goal of promoting Dogecoin was to be able to profit from the hype. I'm sure Elon Musk has already made a huge profit
from Dogecoin, and now some of Elon Musk's tweets regarding Dogecoin have no effect on the price of Dogecoin. Therefore, it is very natural
that Elon Musk finally decided to create his own crypto coin, because he thought Dogecoin couldn't give him the profit he wanted. If there are
rumors that Elon Musk will make crypto coins, I predict the price of Dogecoin will dump quite deep. So be careful for now those who are still
holding Dogecoin, if you already get a profit, you should sell it immediately.

but why do you think it's going to rocket to $1 ?! in my opinion it is overpriced because it has no usage whatsoever, and it's network is slow compared to other tokens who are lower than Doge and they have more utility, so i think Doge is for sure overpriced.

Right now, it seems overpriced because we can't see its tangible usage to the community. However, we don't know if there will be real developments going on when Elon mentioned before about its possible collab with doge team. But if there will be no progress regarding this situation, I think doge is indeed overpriced and needs to go back to where it was. So at least enjoy the cheaper transaction fees as before. Because these days, the  doge withdrawal fees are quite expensive and it should not be that way.

Dogecoin was originally just a cryptocurrency created for prank purposes. The coin's symbol itself is also an imitation of a dog. Currently, Dogecoin has little commercial value, but many people are still trusting this coin. I also don't have much to say to them, because instead of trying to explain to stubborn people, let them see for themselves that they are making mistakes.

We can't stop those people or point them to the direction that we want them to see,

As they seen other else fro what we practically understood, there are people who are willing to take the risk gambling with opportunities
to buy at the right time and sell it when the value pumped high, those who also influenced people around them thinking that they'll might
catch the right train.

For now Doge is in the same operation as ADA, it is speculated that it is in a possible accumulation and that it can give pleasant surprises, of course everything depends on the movement of BTC:

https://i.imgur.com/BStUHNs.png
Source: https://u.today/btc-eth-ada-bnb-and-doge-price-analysis-for-july-4 (https://u.today/btc-eth-ada-bnb-and-doge-price-analysis-for-july-4)

At the moment it is very difficult to know what can happen with Doge, since Elon Musk does not have as much power in the market as before, his tweets to give a possible pump to Doge did not work for him, I think the influence he had has lost it.

Dogegeoin was a project with little potential that should not be taken seriously. It is a hopeless case that could reach these prices with Elon Musk's ridiculous tweets. That's why I think he doesn't deserve the position he is in now.

It is still overpriced until it finally plummets a lot and goes back to the true value of it. Elon just shilled it and that is because him and other common crypto guy holds a lot of it.
Vitalik sold all of his dogecoin and from the $25k of his investment on this coin, he profited millions. If Vitalik earned that much, what's more with Elon during the hype.

Will see how the market will be when there is a major correction and once all the coins goes down and everything is settled we will know how big it will plummet because Elon has shilled the coin hard and there is a cult of investors who are willing to invest in whatever he says  ;D.

Just $25k of his investment in Dogecoin, he created a heavily premined coin and he just invested $25k  :D , may be he diversified in almost all of the coins in existence and every project he might have invested $25k each :D .

We already saw a correction and I think that's already a major correction that we're waiting for. But there might be still some of those corrections to come for this coin as it's being dumped a lot even how hard Elon tweets back at it.
IIRC, it's like a spare money of his and he told his mom this crazy idea and investment and he did. But well, we saw how huge the profit he made from it.

tbh, in my opinion it is still overpriced. how many here had enjoyed the cheap transfer fees of doge before? right now, when you compare the fees involved between doge or xrp/ltc/eos, doge is somewhat expensive. now, ask yourself, what will be the use of doge as it was used before in gambling and transfer purposes? and it is pretty not a good choice anymore. it will be like a speculative coin now. once elon tweets about it, price will pump, but how long? once we see that there's really no progress, i guess, the price of doge will go down.

That's why I decided not to buy Dogecoin anymore, because the price is still overpriced to buy. And without me knowing it, it's been a few months
since I have not used Dogecoin for withdrawal options anymore, because Dogecoin transfer fees are not cheap anymore. Elon Musk has really
made Dogecoin a very speculative project, the price is unreasonable. So while this is indeed the best option to avoid investing in Dogecoin.

It is overpriced. It's been a while since I've transacted with the use of Dogecoin and I've always thought that it's been the top for having the cheap fees.
I didn't know that the fees became expensive lately for it.

If I personally think that Dogecoin is overpriced, because Dogecoin is just a meme coin and doesn't have any useful functions in the future, therefore I think with the total supply of Dogecoin, then the price of Dogecoin goes up too high, unless in the future there is a big company accept payment using Dogecoin, then of course the price of Dogecoin deserves to increase very high.

Tesla accepts Dogecoin, and what if Elon one day says everyone buying a Tesla with Dogecoin gets 10% off. Is Dogecoin that still overpriced? Difficult question because for some weird reason Elon Musk can actually give that coin a tangible value. There could be a scenario where Tesla becomes the new superpower in the car manufacturing industry, and if that thing called Dogecoin is the key to getting a 10% discount, hell what's going to happen to Dogecoin? Imagine he says he is even going to burn the 10%! Then Dogecoin might make Elon even richer than his Tesla company already did.

It could still be overpriced if that is the only basis on why DOGE will rise. With a huge supply of huge, can Tesla be one of the biggest users of DOGE in terms of transactions? I think it's not gonna be possible, Elon would only hype it, and eventually, it will still go down like other hype coins. DOGE needs to be adopted widely, not only Tesla alone in order for it to grow.

It makes me mind-blown to see this thread was opened in February. Dogecoin was and still is overpriced as fk. There are many reasons to this but I won't count Elon Musk. I think Doge hype was created mainly people who wanna get rich quick. So Doge became stepping stone.

No you are wrong, one of his last tweets said Tesla will accept Dogecoin. As to the first one responding to me, yes, Dogeocoin in fact does derive tangible value if a Tesla costs 10% less with Dogecoin. If Tesla does turn into the biggest car manufacturer in the world, you can actually apply mathematics and see what Dogecoin could be worth. Take further into account my little fantasy that Elon says the 10% discount will also be burnt if paid in Dogecoin, how do the Dogecoiners say? Just wow! I am not saying he is going to do that, I am just saying he could! He can do anything with his net worth.

Really with baby doge.  You do know how stupid that sounds right.  All of these clone coins will disappear as soon as we are in full bear mode.  Wallstreetbets got people money and in a couple moments wit will all vanish because of these stupid doge clones.  You missed the doge run its over.

Missed  out ones doesnt mean its already over since there would be other chance but the question is on when? Chances or opportunities like on what we had seen on Doge did really need lots of years and i agree
on what you said that once you had missed out then consider it as a missed opportunity but doesnt mean its already over for you to make investment.
Clones would be surely dead once the bear market comes or even not, there's no sustain into those kind of coins and would be just good for pump and dump which
it is something not surprising into this market.Once a hype had been built then expect a barrage of similar clone coins hoping that they could get some marketshare.

for the doge it is still possible to catch up to the market but for the baby doge it is very vulnerable to cry, considering the doge came by luck and the clones might be as lucky as the doge, I hope so but it is very difficult for them to crawl forward without luck

Many have thought that Doge could go very low, but the truth has not fallen below 0.21USD, although now many expect some movement of the bulls of Doge is not yet clear, and the efforts of Elon Musk apparently have not been more efficient.

https://i.imgur.com/JMuytdt.png
Source: https://cointelegraph.com/news/price-analysis-7-7-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-sol (https://cointelegraph.com/news/price-analysis-7-7-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-sol)

In many technical analyzes they affirm that Doge is in a bearish trend even that it may continue to fall further, it is probable that now with all this it should still be expected, anything in Crypto can happen.

Don't have high hopes for coin memes because when it goes down it will be difficult to go up,
even though doge baby was horrendous but I'm sure it won't last long,
but we'll see if in the future there will be more surprises between dogecoin or doge baby

in my opinion the price of doge is not overpriced.  When we look at the price of doge has increased very high.  From $0.03 to $0.06, although doge prices have started to fall.  But I'm sure the price of the doge could touch $1.  Moreover, Doge coins are widely used by people because the transaction fees are cheap and fast.

Widely used?  maybe the transaction fee is cheaper than Bitcoin or those other known coins

but if you'll be more practical, there are more crypto that have this same feature. Doge influence

belongs to pump and dump sets of people, more on hypes than usages without Musk this current

value may fall for more.

I don't know what else inspired you to say that the price of the doge could touch $1. According to my understanding, Doge has already done its thing. Although it's down now, it jumped a lot from where it started. Do not take the Dogecoin too seriously, the same thing won't always work.

Undoubtedly, Dogecoin's cause for hype has been mostly because of the "get rich quick" sentiment. Elon Musk has added "fuel to the fire" so you can see how fast DOGE rose from being worth nothing to cents (in USD) within a few months since the start of 2021. It'll all be over faster than you can imagine, since Dogecoin has no real use cases in the mainstream world. There are far better options out there on the market with cheaper fees, faster confirmation times, and innovative features.

Considering DOGE's huge supply, price per coin should be less than a cent (sub $0.01). Noobs will definitely regret themselves having invested into Dogecoin when it was in its ATHs once it goes all the way down the drain. Veteran crypto users like myself don't need to worry about Dogecoin's demise, since the pump brought big profit opportunities. I'm waiting until Dogecoin goes back to less than a cent to stack up some more coins for the next bull market run. Overpriced or not, it looks like Dogecoin will be here to stay thanks to its decentralized and open source design. Just my opinion :)

Yes, it is overpriced because it was overhyped by Elon Musk. Because of Elon Musk’s popularity and influence it became hyped across the world. It just a pump and dump, when the price pumped, most of the large investors sold their dogecoin then after that it eventually go down. Unlike bitcoin, that is only limited to 21 million supply, dogecoin has unlimited cap on supply that can cause negative impact over time.

People who buy doge even when they know the value is already too high must be taking a big risk in my opinion, we know all this time doge has gone up only because of the hype tweets from elon musk and when elon musk started tweeting about other altcoins (baby doge) of course the price of doge will continue to fall and will most likely return to the bottom later, buying and holding altcoins without strong fundamentals is certainly suicide in my opinion.

Elon is probably trying to dump his holdings on poor folk, so he tweets positive stuff to manufacture buyers

this could be very true, he's talking and sharing about Doge just for his own profit, he doesn't care about crypto in other ways, he just sees it an opportunity to make money out of it, how do think he's rich ?! he knows what he's doing.

That's what actually has been happening. When he has probably millions of it and tweets to talk about it. The people who have been following him all of the time we're happy that he mentions a "crypto" but it's all about Dogecoin.
Then when he got the right price to sell, boom, that's when he's about to make a move to drop the bomb and dump all of his doges in an instant.

I never thought that doge coin could reach its current values, but with a market that is considered crazy and nothing is impossible, it has happened. My close friends know that I work in this field, but what they come to and want to learn and listen to advice is for doge coin. Anyway, doge coin is bringing interesting things all the time along with bringing about a silly trend in the market for meme coins.

Doge has been in a lot of speculation, of course everyone expects Elon Musk to do something about it, but there is a very big possibility that it will fall below 0.2usd, this technical analysis proves it:

https://i.imgur.com/LZrBIDb.png
Source: https://cointelegraph.com/news/price-analysis-7-12-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc (https://cointelegraph.com/news/price-analysis-7-12-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc)

Many take advantage of the moment to buy in the dip, but it is very likely that the price of BTC will go down a bit, there is a lot of panic in the market, so we see in some news the bears seem to dominate, but this is in the short term .

Elon Musk is the one who triggered DOGE's prices to go to the roof. Without him, Dogecoin would've still been worth less than a cent. While prices are starting to decline, Dogecoin's still overpriced trading at $0.20 since the time of this writing. With so many coins in circulation (and the ones that will be generated over time), there's no reason for DOGE to go up anytime soon. Newcomers into crypto will become "rekt" once this happens as they've made their investment decision based on hype instead of doing their own research.

What matters is not the price per coin, but rather its usefulness. As long as Dogecoin is useful and supported by the community, it'll survive for a very long time. Just my opinion :)

If anyone bought DOGE at its current price, I think that it should only be trading on a short-term basis. I don't see any reason why DOGE coin will still maintain its price. The support from the community is not a strong as the recent pump and the hype is slowly fading from time to time and I agree that newcomers will only be rekt if they rely so much on the hype and not on the fundamentals of a coin.

i think it is not only dogecoin that overprice, most of coins now overprice especially in Meme coin which is have no utility at all. Actually in cryptocurrency we have no standarization about price, how to set a coin could called as overprice or maybe undevalue. bitcoin , ethereum and other cryptocurrency price was settled by supply and demand in market and based on consensus in market.

Even though the price of Dogecoin is now very low, it is better to buy Dogecoin only for short-term trading. It is very risky to invest in Dogecoin
in the long term, because I doubt Dogecoin can return to the ATH price, because the price of Dogecoin is indeed overpriced. Moreover, many people
have begun to realize what Elon Musk did just to manipulate prices, so now it's hard for Elon Musk to create Dogecoin hype again. For newbies
I suggest not buying Dogecoin, because there are many other coins that have strong fundamentals and are safer for investment.

Elon will be so desperate if he will do that just because DOGE is down, that shows his manipulation on the market and his never-ending shilling on DOGECOIN. IMO, DOGE will certainly dump anytime because it's overpriced and anything that is overpriced will not last to carry its value.

A coin's value still base on its supply and demand, calling dogecoin as under value is unreasonable as if we look at its movement now it climbs up to 6000% and that is because its demand on the market is higher and even it is manipulated or not i still believed that dogecoin is not over valued.

Finally Dogecoin drops below $0.2, after this there is a possibility that Dogecoin will fall even deeper. If we want to buy Dogecoin it's actually quite
low right now, but it would be safer to wait for the price to drop to $0.15. But remember that after successfully buying Dogecoin, if we make a profit,
sell it immediately. Because the risk is very high if long-term investment in Dogecoin, rumors regarding Tesla will accept Dogecoin payments in 2022
don't seem to be able to make the price of Dogecoin go up, so like I said before, it's better to just choose to invest in other coins. Solana is quite
promising, so it can be an option for investment other than Dogecoin.

It's true that the higher the demand, of course, the price of Dogecoin will rise.
the movement of dogecoin can't be compared to other coin memes,
I don't know if it's really being manipulated or not but dogecoin's achievements are very good by staying on top

Meme coins that reached the top .

I think the time has come to admit that the increase was done and this will come back to what is the price from last year.

Because that is the real plan from the very beginning .

Dogecoin has nowhere to go but down, the bear market is very strong, the price is going and soon bitcoin will struggle holding $30k.
As of this time, DOGE is only 0.189 USD, it's still high, for sure it will dump more.



Indeed, when he know how to manipulate the market, he always win in the end.

Exactly. Dogecoin has nowhere to go, since it's nothing more than pure hype. There's no active development or innovation whatsoever. The "meme" cryptocurrency is overpriced just because there are a lot of coins in circulation. Only a fool would buy DOGE at these prices. As I've said many times before, there are far better cryptocurrencies out there on the market with greater transaction capacity and cost-efficiency than Dogecoin itself. If you want to preserve your investment for the long term, it's best to invest into another cryptocurrency that's much scarcer than DOGE. I can't seem to find anything good about Dogecoin except that it's wildly-volatile nature makes it a great choice for short-term profits. Time will tell us how far Dogecoin will go as the competition becomes fierce in the crypto/Blockchain space. Just my opinion :)

Then it has already proved that there's a lot of fool in the crypto space as they bought DOGE to the current price and market now, not totally a fool, maybe just a victim of Elon Musk hype and they just follow blindly, so there's nothing they can blame if DOGE will collapse (which is likely) but themselves.

they trapped in hype that elon must created, his shilling every day and statement that tesla will accept doge be the main reason why lot of investors buying this coin. They didn't properly research or analize that elon musk trying to manipulate market. Elon win alot in doge coin , maybe he bought and shill it to create huge profit from beginer investors.

but why do you think the demand on the market is really high ? what is reasonable about buying DOGE instead of other coins and altcoins that also have low fees and faster transactions speed than DOGE ? that's why people say it's overpriced, and i agree with them, it is a meme coin, the high demand on it actually proves that it's overpriced and overrated.

dogecoin price actually not acceptable in our logic, but back again to market rule which is not anyone could manipulate doge coin price with their fund resources. No utility no usecase and shillied by elon musk which is the person was very big influenceer in the world. Its work and now the whole world depend this man tweet to shake market again

Doge is so overvalued right now not only in usd terms but in terms of sats.  With 10k doge block rewards every minute this should be back to 25-60 sats in no time.  Buying doge here is a suckers bet.

Well guess too many suckers in the game. Following that Elon train and get wrecked relentlessly.

Doge bouncing back, I guess this would somehow give relief to those who are still holding DOGE right now and hoping it will reach $1 to make a profit. It's obvious that DOGE will go down in the long run as the market situation cannot help them to hold on.

I'm watching how DOGE will collapse and what price it will end.  ;D

Yeah that was just a quick pump because elon was debating jack dorsey and he said the doge word.  Elon pump is over it will continue to slide back into its real price point which is under 100 sats.  10,000 dogecoin block rewards every minute doesn't help either.  In a bear market that will be some heavy saturation and tons of sell pressure.

Doge has been at a loss by a percentage, almost .01% has been lost, I don't understand the reason, because BTC has been recovering, I know that DOGE and all the highs when BTC goes up tend to stay static in a moment, but it is DOGE movements will probably recover at some point since it has a lot of community, it only remains to wait:

https://i.imgur.com/0DBMkyb.png
Source: https://ambcrypto.com/litecoin-cosmos-dogecoin-price-analysis-24-july/ (https://ambcrypto.com/litecoin-cosmos-dogecoin-price-analysis-24-july/)

You could say that Doge has dropped below 0.2USD, but I know that at any moment if Elon Musk decides to make a good tweet he will lift the price, he should do so and give the coin a good help.

If you are still waiting for a high rise as a doge token meme, I believe it is hazardous. According to what I'm seeing today, doge has seen a significant increase as a result of Elon Musk's stance. Of course, because Fomo, which is currently being produced, represents a significant rise. However, the current purchase will be rather risky because doge is now expensive unless Elon Musk continues to boost doge with his tweets.

Exactly. But newcomers into crypto don't get it. They believe Dogecoin is a "get rich quick" scheme, when in fact, it is not. The inflationary model of Dogecoin tells us that it should become worthless over time. A price of less than a cent is a more realistic target for DOGE these days. I'm waiting when that times comes to accumulate more Dogecoin for the next bullish trend. I've made so much money when Elon Musk pumped the "meme" cryptocurrency since the beginning of 2021.

One thing for sure is that Dogecoin makes a great short-term investment as it gets pumped so easily by whales, and shills alike. For a serious long-term investment, I'd suggest anyone to look elsewhere. Overpriced or not, the cryptocurrency will survive because of its decentralized and open source nature. Just my opinion :)

Well, the fight in DOGE has been very strong, apparently the bulls of DOGE are manifesting and do not want the price to go below 0.20USD, and everything indicates that it may go up a little more, so far it has recovered a 4 % of the price:

https://i.imgur.com/9p0WD3v.png
Source: https://ambcrypto.com/ethereum-dogecoin-and-ethereum-classic-price-analysis-july-28/ (https://ambcrypto.com/ethereum-dogecoin-and-ethereum-classic-price-analysis-july-28/)

Doge is gaining ground again, apparently Elon Musk with his statements in favor of Bitcoin has helped the currency, also the fact that BTC has recovered indicates that it is very likely that the coins will follow this direction.

Doge is giving good news thanks to the price he is taking, people or investors are thinking of waiting for the price at least 0.4USD to sell, this to protect their money and buy cheaper, although the most believers hope to see the price at 0.6USD and earn more, short-term analysis indicates the following:

https://i.imgur.com/ywI6LBd.png
Source: https://cointelegraph.com/news/price-analysis-8-11-btc-eth-bnb-ada-xrp-doge-dot-uni-link-sol (https://cointelegraph.com/news/price-analysis-8-11-btc-eth-bnb-ada-xrp-doge-dot-uni-link-sol)

I do not think it is overvalued, we must take into account that BTC is around the $ 45k levels and it is expected that it can reach $ 50k, however, DOGE is usually a currency that bears see with good eyes, we have to wait if they bulls vain to defend the price range.

What investors of this coin are probably looking are on the price history, and since it's very bullish, they had ridden in. They are outsmarted by Elon, they didn't know the fundamentals of the coin so their basis of the future potential is only based on how Elon has accepted it. I don't know why until now it's not dumping yet, maybe there's really a lot of bag holders on this coin waiting for it to reach $1.

Charts are great and all but look at the run doge has had since last year.  It has exponentially grown while adding a coue billion new doge to its market cap.  In the long run there is no way that is sustainable.  It's not like anyone serious is going to start accepting doge as a payment.  What use is it if you can't use it and inflation is insane at 10k new doge per minute?

Yes at one point DogeCoin formed an incredible stem. It was crossed the 70 cent milestone some month ago. It was completely overprice. Which was truly incredible. But it did not succeed for long, it fell below 20 cents again. I don’t think it will hit again that price

I hope there will be more tweets that will make global speculators invest in DOGE, but I believe that DOGE's performance doesn't just depend on Elon, I think the world's big investors have a strong analysis of DOGE that makes them buy DOGE.

I can't say what will happen to DogeCoin in the future but I hope DogeCoin do something very good one day.
Looking at Elon Musk's tweet, I think Dogecoin will grow a lot more up front

overprice or not let market decided , and if it is true dogecoin today overprice there should not alot investors buying this coin. no matter it have  no utility , but investors save doge coin as speculative assets in order hope elon or other public figure will shill more.


its totally right dude, dogecoin have hidden potency to explode someday. utility doesnt be main thing for investors if they bought some coin , community support and liquidity will be their option. and if elon have been doge coin community , i am believe he will do more in future.

Dogecoin had a great rally. But I'm afraid the trend won't last for long. The fact that DOGE was created as an inflationary cryptocurrency, tells us that it shouldn't be relied as a serious long-term investment. Given that billions of coins are in circulation today, I'd say that the "meme" cryptocurrency is quite overpriced. Dogecoin should've been worth less than $0.01 by now if we base ourselves on its economic model. Besides, the number of merchants and businesses accepting Dogecoin are extremely low. The coin itself is only a speculative asset than a utilitarian one. There are far better cryptocurrencies out there with cheaper fees, faster speeds, and greater merchant acceptance. Until people really understand why Dogecoin was created, we'll continue to see them investing into the coin foolishly based on hype or someone else's opinion. Just my opinion :)

if we compare this coin with other coins which are in the top 10 coinmarketcap I can say this coin is overpriced. Why i can say like this because i can't see any product, services or anything about this coin, in my perspective dogecoin only coin who can up because of the pure hype.

I think Dogecoin is now not overpriced. We could  say that if doge was only meme coin, but now Doge is using for real world purpose and big influencer like Elon is promoting it. In the future, we can also see that Tesla will accept Doge and then we can see bullish scenario for Dogecoin.

The price of DOGE is quite good, since August 14 it took a big bullish turn passing by 0.29USD and rising, then it fell and now it is at 0.32USD, after having been at the 0.20usd levels, it is not bad at all:

https://i.imgur.com/mDVFvyX.png
Source: https://cointelegraph.com/news/price-analysis-8-20-btc-eth-ada-bnb-xrp-doge-dot-sol-uni-bch (https://cointelegraph.com/news/price-analysis-8-20-btc-eth-ada-bnb-xrp-doge-dot-sol-uni-bch)

The Doge bulls are very active, the bulls don't want to release any opportunities to the bears, they seem to be getting their way without outside help like Elon Musk.

It is, and the reason why it's expensive is that because it's hyped and lots of investors put their money when Elon Musk touches this coin, however, I'm sure it will not last, in the long run, DOGE will correct its price and will go down again. Also, let's look at its infinite supply which is not attractive, and probably most investors did not see it because they seemed to focus on what DOGE could achieve in the future, the promise of a high price.

Doge is just a bait coin used by rich people, now doge is soaring because of the market game that is set by them so it is difficult to make a profit there because for now the price trend is less moving, many people have bought when the price trend is up instead now it is rising again, which in the end is quite frustrating for buyers.

That's the point that Elon Musk is behind it and that's the main reason to increase the price of dogecoin. We have to remember that it's a mene coin. Literally it hadn't a good price before Elon's movement. If we think deeply about this meme coin, yes it's over priced.

It has no use but has a really huge community behind to backup the price, so it possible for Doge to maintain its position on the market at this time.
As long no issue to the community i think the price couldnt have any big drop anymore, we know its overprice if compared to another project with its fundamental, but community is also one of the fundamental of the project.

It is obvious to me that dogecoin is overpriced and besides unreasonably. There is nothing innovative and its technologies and no good project behind it, so the only reason why it grew was advertisement from Elon Musk, but without it,this coin is likely to die out rather than to have success. I don’t invest in it as I don’t believe that it is likely to have a future.

Doge price has had a great recovery, it could be said that it has been able to have a recovery after that level of 0.2USD despite all the bearish attacks, currently the price is at 0.3016USD, for now the price has dropped a bit , the technical indicators dam the following:

https://i.imgur.com/8Zrm3SC.png
Source: https://cointelegraph.com/news/price-analysis-8-23-btc-eth-ada-bnb-xrp-doge-dot-sol-uni-bch (https://cointelegraph.com/news/price-analysis-8-23-btc-eth-ada-bnb-xrp-doge-dot-sol-uni-bch)

I think the market can continue to rise, it all depends on the movement of BTC, if everything goes well it is likely that it can reach 0.35USD again and with a view to 0.4USD.

Its all happen after Elon Said something positive for it .It was really a hype there is nothing actually happen with innovation or any new concept .We need to more careful on this type of movement of a coin like Doge .We need to research without knowing someones call or prediction .I can surely agree with you that it has over priced .We can see over dump anytime . ;D ;D ;D

It still hanging since Musk still playing and those who are in hope that the market will favor them again and the hypes

will continue. It's difficult for those people who got stuck and still unable to cash out becuase they are still in big losses.

It's really a must to do deeper research before jumping to any project unless you are willing to take the risk and move

forward if you lose your opportunities.

many doubt the coin doge because it is a fast-paced and unexpected increase just because an @elonmusk is not because doge makes changes in order to achieve the coveted coin, so it is natural that you still doubt it will be with doge's abilities.


what you said could indeed be true, if we look at the development of doge from the existing graph when after a sharp increase occurred, indeed doge always followed the movement of bitcoin and there was no very significant decline and moved fairly in accordance with the movement of bitcoin. so that what you say can be true, we will see until the end of this year whether doge can survive to the rhythm of bitcoin.

Somehow, Dogecoin's price won't dip below $0.01. It has retained its price for some time, even without Elon Musk posting tweets about it. I think the bull market made this possible. We're going to have to wait until the next bear market to see how DOGE will behave. One way or another, Dogecoin will go down the drain because of the way it was designed. It was never meant to be taken seriously. I'd consider the cryptocurrency overpriced if it sits above $0.01 per coin. Newcomers will think otherwise because they don't know what Dogecoin is all about. They'll regret themselves later when DOGE fades into oblivion.

As I've said many times, there are far better cryptocurrencies on the market with attractive features. People are just buying DOGE because of the hype. After it's all over, they'll be forced to look elsewhere. How much will Dogecoin be worth in a few years, is a mystery. As long as you buy low and sell high, you'll have nothing to worry about. Just my opinion :)

No I think doge is not overprice at the moment I will say that doge price is low according to expectation .
people taught that doge will surely hit 1$ in this current bullrun
but still its not hit his expectation price. So doge must rise thier price to hit 1$ .

The price of Doge is one of those that has suffered a slight drop, in fact in these moments it has dropped a little from 0.29USD, however it is around 0.27USD not bad, so far it has resisted the movements of the correction of BTC , it is likely that it could grow in price if BTC rises, technical indications show the following:

https://i.imgur.com/hBMPbte.png
Source: https://cointelegraph.com/news/price-analysis-8-30-btc-eth-ada-bnb-xrp-doge-sol-dot-uni-luna (https://cointelegraph.com/news/price-analysis-8-30-btc-eth-ada-bnb-xrp-doge-sol-dot-uni-luna)

For now I do not think that the price of Doge is overvalued, the demand of people who want to buy Doge has increased, in the trading volumes that behavior can be observed, it is necessary to wait to see how the market in general continues to develop.

We'll see. Either Dogecoin goes to "Mars" or all the way down the drain in an instant. Crypto land is usually about hype, so anything can be expected. For what I know, Dogecoin is still a popular cryptocurrency in the mainstream world. The community is growing at a very fast pace. I think Elon Musk has brought public exposure to DOGE. Whenever the coin is overpriced or not, that's up to the investor to decide. What's important is the Blockchain remains decentralized and censorship-resistant. As long as DOGE stays true to its roots, there should be nothing to worry about.

Compared to Bitcoin and Ethereum, I'd say Dogecoin is much faster and cheaper to use for day-to-day payments. Of course, there are other altcoins which are much cheaper and faster than DOGE. But their blockchain networks are not as strong and reliable as Dogecoin's. Ultimately, it all comes down to mainstream adoption. I'd say Dogecoin is one of the most widely-adopted cryptocurrencies, thanks to its versatility and inexpensiveness. Only time will tell us whenever Dogecoin will survive or fade into oblivion. Just my thoughts ;D

For now, the price of DOGE is making some movements that wait for the bears, perhaps the strategy lies in buying in the dip, the technical signs indicate that the price of DOGE can wait for it again at the levels of 0.2USD:

https://i.imgur.com/KBHU1q8.png
Source: https://cointelegraph.com/news/price-analysis-9-13-btc-eth-ada-bnb-xrp-sol-dot-doge-luna-uni (https://cointelegraph.com/news/price-analysis-9-13-btc-eth-ada-bnb-xrp-sol-dot-doge-luna-uni)

It should be noted that the most bearish are waiting for the price at 0.15USD, in fact many say that if the BTC continues to fall in price it will be able to reach these levels, everything is a matter of waiting.

I think the price is WAYYYY overvalued.  How much in percentage points did doge go up this year.  Now ask yourself was this a fad or did something change within doge.  Well nothing changed so....fad?  Doge offers nothing and lags completely behind the technicological advances other coins regularly implement.  Didn't doge just try to get segwit implemented lol.  What is this 2016?

I don't know the current price of Doge is expensive or not. but what I know, Doge began to be abandoned by many people after the price soared high and then fell. just because Elon Musk's tweets on twitter made a lot of people buy Doge just for a moment. whereas Doge is just a meme coin for many people who have known crypto for a long time. but most of the time people only profit a short time.

As far as making great profits from buying support and selling resistance? Niether coin is worth just long term holding in my opinion. I mean just look at the crypto market. Doge gave people a nice bag when it first pumped, but those days are not coming back for Doge. SHIB has another shot at a moon month and then it's over for SHIB too. Meme coins are meant to get you started in crypto, not to hold on to forever imo

It's all about money we are working hard and doing our best for making money but money is enjoying with Musk just because of this he's playing this all and his crazy movements creating hype in Dogecoin price which is not good for newbies and many poor mind traders.

Currently, Dogecoins large community is also good advantage for this even this can give some better price, but Musk factor is going to be really strange but still transaction speed and fees is going very good.

Dogecoin is pretty outdated compared to other cryptocurrencies on the market. It's only a speculative cryptocurrency with no future. Hype is what usually drives Dogecoin's price to the moon. There's no active development for Dogecoin, and the number of coins in circulation is pretty high. This tells us DOGE is worthless. Anything above $0.01 USD is considered overpriced because of the reasons mentioned before. Only a noob will think otherwise. It won't be long enough before Dogecoin goes down the drain, making many investors "rekt" in the process. Just my opinion :)

Going to drain is something a questionable thing and there are lots of presumptions that DOGE is dead but it did really make out some significant movement and we can really deny that it is because of the hype which dives out the price to reach up that high but its just over to say that this coin doesnt really have any use at all.

This is much more better compared into those shitty tokens that do exist as of today even though this is just some meme coin but we cant deny that it did really withstand the test of time.

It is still really have that value which isnt really that possible for other altcoins to be able to achieve but somewhat its total supply sucks but still considerable.

It is natural for dogecoin to be abandoned by investors because of its large supply, thus making the price difficult to increase. Dogecoin which was originally created as a joke has received support from Elon Musk. Traders who buy Dogecoin to start investing in 2021 have got a good opportunity, because they can get almost 10 times more profit when Dogecoin is able to reach the highest price. Now traders should be wary if they want to buy Dogecoin, especially as an investment tool. because the constant flow of new coins coming to the market can put pressure on the value of Dogecoin.

This September 20 and 21 was critical for the highs in general, Doge's case fell below 0.21USD, now seeing the market it has a slight recovery of 0.22USD which is not bad at all:

https://i.imgur.com/VAbMrLb.png
Source: https://cointelegraph.com/news/price-analysis-9-22-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-uni (https://cointelegraph.com/news/price-analysis-9-22-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-uni)

Expectations grow a lot, for now it is expected that if BTC continues to rise this could help the price of Doge, as it would be generating more confidence in the market in general, but it is necessary to be cautious with any type of investment and not get carried away by emotions to buy or sell.

I think dogecoin overpriced at that time especially all the people went crazy with the tweeted of Elon Musk. People are just buying dogecoin because of the hype. After it's all over, they will be forced to look elsewhere. And if we take a look at the chart now, I think the price is come back to its normal and right now the price is $0.2209.

How can you even price something like Doge?

I don't think that there are any valuation metrics that is able to capture its intrinsic value.

Is it overpriced by its historical standards? Definitely, and I would probably sell anything that I've got right now. But can people go crazy in the future and prop prices up even further? Absolutely yes.

What I've learned from this market over the years is that once you've made a decision, go for it with absolute confidence.
Maybe the actual price we are seeing is simply numbers and I always think it is in my own mind, if we can see the gains and losses from it we will all understand realize that your own decisions are the way to create intangible values. So the concept of valuation is only relative for both the individual and the collective because it is not fixed, so for me, it is simply satisfied with what I have done and am I doing with it.

The price of Doge has been very fluctuating, this September 22 it rose and everyone believed that it was finally going to surprise at least 0.4usd, but already on September 23 it returned to its mark of 0.21USD, the technical indices show the following:

Source: https://cointelegraph.com/news/price-analysis-9-24-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-luna (https://cointelegraph.com/news/price-analysis-9-24-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-luna)

Many expect the price of Doge to fall even more, but at any moment anything can happen, in my opinion the BTC can give a bullish movement, which can trigger a rise in the price of Doge.

DOGE's current price of $0.2 is a far cry from what it was 7 months ago when Elon Musk tweeted about Doge on his social media and got a lot of people interested in buying. I think the current price of Doge is too cheap. why cheap? because people are starting to distrust Doge and Elon's tweets are not attracting many people anymore. people started leaving Doge and investing in coins that had better projects.

Then it's not cheap anymore, it's probably overvalued already because if what you think would happen, it will result in a dump of price and those who are buying DOGE at the current price might be one of the bag holders of a coin that would never pump again.

In my opinion, what happened to Dogecoin in February is difficult to repeat. Back then it was too expensive in my opinion but not for those who look at Dogecoin from a different perspective. Today we can see where Dogecoin is and its price is $0.2

Doge was just in the corner, no one touching it as they know Doge is just a meme coin that is not good for investment if we are looking for a big return, but it was a surprise that Elon shills this coin, and he literally brings it to the moon, and FOMO created so investors money now are stuck with DOGE.

You are right. To be precise, we can say that Dogecoin is just a meme coin. If we currently expect big profits on Dogecoin, it won't happen again. Dogecoin is only famous for the figure of Elon and does not rule out Elon will also feel tired of all these scenarios.

At the moment DOGE has bled a lot, the price level for which almost everyone knows DOGE is for 0.21USD, at the moment it is for 0.1967USD, technical indices according to cointelegraph suggest or show the following:

https://i.imgur.com/fGURhGc.png
Source: https://cointelegraph.com/news/price-analysis-9-29-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-uni (https://cointelegraph.com/news/price-analysis-9-29-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-uni)

At this time, many of DOGE's investors are with many doubts, some are selling taking advantage of the bullish rallies, anyway the market if it recovers it is likely that it can recover the 0.21USD.

After the FUD chain from China doge coin is also not affected too much by the news, although this is not a favorite coin of mine, but honestly it has a great potential to make a profit in the future next time. After crazy growth, we are now seeing a pretty good price to buy.

Exactly. Dogecoin has no intrinsic value. The fact that it's a "meme" cryptocurrency with a huge number of coins in circulation says it all. Not only that but DOGE is abandoned in development. What makes you think Dogecoin's current price will be sustainable in the long run? Only those who are newcomers into crypto or simply those who're looking to get rich quick will think otherwise.

As I've said many times already, there are far better cryptocurrencies on the market with greater features, active development, and a low inflation rate. Dogecoin is only driven by hype with no real use cases for the mainstream world. I'd say it's quite overpriced based on the facts described earlier. I'll go down the drain at a very fast pace, leaving many investors "rekt" in the long term. Just my thoughts ;D

Dogecoin has been famous for a long time before Elon Musk knew it, because in the past many people used Dogecoin for certain things even though the price was very cheap, because whether or not a coin is famous is not only seen from the side of the price spike, but also must be seen from in terms of age and durability in the market.

Yes, you're right, at the moment it turns out to be a good investment, what happens is that it also became very famous after Elon Musk made that Pro-Doge call and managed to take new all-time highs, recently the price had fallen to less than the 0.21USD, after a bullish movement of BTC the price of Doge is around the 0.22USD and possibly it has many options to go up more, all expect that BTC continues to rise in price to see how much the price of Doge can rise, for now For a long time, Doge has not been influenced by Elon Musk despite the fact that it is undoubtedly one of the billionaire's favorite coins.

Updated.

Doge has been with a very good price, for now it has a +6.15 with a price of 0.2515usd, which may indicate that if the btc continues to rise it can take a good value, according to the anlaists of cointelegrapg show the following:

https://i.imgur.com/g7cUe9k.png
Source: https://cointelegraph.com/news/price-analysis-10-4-btc-eth-bnb-ada-sol-xrp-dot-doge-luna-uni (https://cointelegraph.com/news/price-analysis-10-4-btc-eth-bnb-ada-sol-xrp-dot-doge-luna-uni)

The price of Doge at any time can give a good pump, in my opinion I think that this year it can easily reach 0.7USD, based on the fact that BTC makes an excellent movement.

if for the price you expected that doge would reach $0.7 of course it had already been made when it reached ATH $0.731578 - May 08, 202, unfortunately doge was unable to sustain. because it's true, that the influence of bitcoin which is still unstable has a huge impact on doge. it seems that not only doge but all altcoins are also affected by the impact of bitcoin.

but if you look at the graph of coinecko between doge and bitcoin, it seems that doge's movement is greatly affected by bitcoin;

It's extremely overpriced. I've said this many times already. But most people don't want to believe the facts, since they're blinded by greed. After all, they want to make as much money as possible within a short amount of time. They'll be "rekt" in the long run, as crypto doesn't really work that way.

Honestly, I don't see any real value to Dogecoin other than being an overhyped and speculative cryptocurrency. There are far better altcoins on the market with innovative features, active development, and real use cases for the mainstream world. The only reason why Dogecoin is still alive up to this date is because the coin is one of the oldest ones on the market with strong community backing. If it wasn't for that, Dogecoin would've been history by now. I'm certain prices will go down the drain at a very fast pace after the hype comes to an end. Just my opinion :)

It means that doge's price will probably fall a lot in the future, because it's a bubble (which means that no one actually wants doge as a currency, everyone just speculates for profit)

Someday people will see that they don't actually need doge and the sell off will begin.

And one more think for me DOGE is a fad and like all fads people will lose interest. Once the next fad comes the price will just fade to dust.

Looks like yes. Dogecoin is only for the toys of large capital holders. But for now, I think there's still an up trend. Just pray Elon Musk still wants to glance at Dogecoin. :o

I don't think there is a need for Elon Musk's glances at Dogecoin anymore because some people don't believe in Elon Musk anymore and will only ignore him if he tweets again for Dogecoin, because it's not long term anymore.

the question is, why would the community want to follow if they already know it all?
What you need to know, Dogecoin was around long before Elon glanced at it. Moreover, the Dogecoin community and market were already big before Elon heated it. Elon leveraged its large market community and followers to enter the Dogecoin market.

I do not know how overvalued you can believe that the price of Doge can reach, but at the moment a 0.24USD which is not bad at all, some are believing more in the coin, although the statistics are not so good, this coin is giving your good effort:

https://i.imgur.com/282qAMY.png
Source: https://u.today/btc-ada-shib-and-doge-price-analysis-for-october-19 (https://u.today/btc-ada-shib-and-doge-price-analysis-for-october-19)

The meme coins are giving a lot to talk about, since DOGE is passing the level, many were betting that it would fall much more than 0.2usd now it is giving strong recoveries, and thinking of continuing to increase.