DOGECOIN about to test 80 sat/doge... May retest 93?

[damberg]

You guys are all lucky to sold it on 80+ sats. I didn't have an idea that it will grow as high as that so I got out earlier.

I sold some DOGE a few days ago at 84 sat when such a nice spike occured  Unfortunately, Dogecoin founder posted a tweet that calmed down all the FOMO around DOGE/ETH bridge so I don't expect our "Shiba coin" to go up significantly.

That will be the last time that it can grow up to 80 sats for this year. I agree with it that it won't go up significantly so to those that sold some at its spike moments, you're all lucky.

How wrong I was! Sold another bag of Doge at 92 thinking it cannot go higher under current conditions. Being wrong again, the market positive sentiment about potential Doge/ETH bridge is unexpectedly strong.

So what happened with DOGE? I am so out of the loop on this one, they are potentially developing a doge/eth bridge? Is that it? I see no reason for DOGE to be increasing in value like it has been this last week, especially because the founder of DOGE publicly admits that it's a joke coin and he pokes fun at the entire crypto industry. He himself says DOGE is worthless, so why do people continue to buy it?

You are right, it is just the doge/eth bridge buzz. Regarding the previous price spikes of DOGE (in 2017 and 2018) I have a presumption that DOGE generally rises when BTC transaction fees are high because those who just want to make money transfer (and don't speculate on BTC price rise) rather use feeless DOGE than "fee heavy" BTC.

[DevelopmentBank]

Just watching the DOGE chart.  I am in 24 hours before the demo last wednesday (and was spared the bitcoin bloodbath and actually am up 2% overall).  Got in at 69 sat/doge.

My speculation is that if they announce the demo as awarded the bounty, that signals adoption of the bridge and we will test $0.01/Doge (+98% from here).

Thoughts?

I am still amazed today at how much Dogecoin has accomplished considering that it seemed like a joke coin/project to begin with. But look at where it is now, it's beaten a lot of those heavily funded ICOs out there and is continually growing more and more everyday.

Seriously, MUCH WOW.

[Sarcasm]

Just watching the DOGE chart.  I am in 24 hours before the demo last wednesday (and was spared the bitcoin bloodbath and actually am up 2% overall).  Got in at 69 sat/doge.

My speculation is that if they announce the demo as awarded the bounty, that signals adoption of the bridge and we will test $0.01/Doge (+98% from here).

Thoughts?

I am still amazed today at how much Dogecoin has accomplished considering that it seemed like a joke coin/project to begin with. But look at where it is now, it's beaten a lot of those heavily funded ICOs out there and is continually growing more and more everyday.

Seriously, MUCH WOW.

I don't think that doge will become like this,
doge rises very fast and doesn't even meet expectations.

[Lucius]

This coin ceases to be an ordinary coin without the support of the platform or any technology? I believe that it should disappear from the cryptocurrency market.

This coin is much more then ordinary as you say, it is almost 5 year old and it is have a big community behind. Even though it was created as joke currency it is achieved much more than expected, and it will stay on crypto markets long time after some "bigger" coins fade away.

Now with Dogethereum bridge project this coin becomes even more interesting, but it remains to be seen whether this project will have a long-term impact on Doge price and position on market, or price will back under 50 sat/Doge after some time. Currently price is 102 satoshi/Doge and it is one of rare coins from Top 100 in green.

[icalical]

Yeah, I scalp Doge for a few days, Buy it on support, sell it on resistant, and this gives me a little smile in the middle of this burning market. However, I think Doge will wait for Bitcoin and other alts to recover before it will make some significant bull run. And if Bitcoin continue to bearish, eventually Doge will get affected too. Just do not put our eggs in one basket.

This coin ceases to be an ordinary coin without the support of the platform or any technology? I believe that it should disappear from the cryptocurrency market.

This coin is much more then ordinary as you say, it is almost 5 year old and it is have a big community behind. Even though it was created as joke currency it is achieved much more than expected, and it will stay on crypto markets long time after some "bigger" coins fade away.

Now with Dogethereum bridge project this coin becomes even more interesting, but it remains to be seen whether this project will have a long-term impact on Doge price and position on market, or price will back under 50 sat/Doge after some time. Currently price is 102 satoshi/Doge and it is one of rare coins from Top 100 in green.

Agreed Doge is one of a few coins with awesome community, moreover not many coin has a very small fee yet fast transaction process like Doge

[Scorpion777]

now DOGECOIN is already 103 satoshi. I think it will grow higher and higher. It is interesting that the whole market is falling and there is no DOGE

[Ironmaiden]

now DOGECOIN is already 103 satoshi. I think it will grow higher and higher. It is interesting that the whole market is falling and there is no DOGE

very unexpected for dogecoin, if those who have doge they are certainly very lucky now,
a tremendous increase for dogecoin

[anisoptera]

I think the correction will come soon. People don't know what to buy, because the whole market is red, so any good news brings a lot of buyers, but when they understand that it doesn't have so big impact to coin they will sell it and the price will go down.

[wuvdoll]

DOGE will be back to its steady state price of about 40 satoshi in due course. The price always seems to go back to around that level before having a random pump up to around 100 satoshi every few months.

I am seeing that happen as well and I foresee a trend change pretty soon with a dump happening very fast. Like someone pointed out, there is a glaring bearish divergence on the 4 hour chart and unless may be the market tend to make an attempt to beat all odds, I feel the market is set to hit the downward motion.

Moreover, I never really expected it to get this high. I sold earlier knowing the condition of the market after buying at 36sats, with the way things started turning with bitcoin, I was expecting it won't last before we start seeing some dump, but I was wrong, as the market just surprised and kept rising against all odds.

[setupbounds]

Just watching the DOGE chart.  I am in 24 hours before the demo last wednesday (and was spared the bitcoin bloodbath and actually am up 2% overall).  Got in at 69 sat/doge.

My speculation is that if they announce the demo as awarded the bounty, that signals adoption of the bridge and we will test $0.01/Doge (+98% from here).

Thoughts?

I sold some DOGE a few days ago at 84 sat when such a nice spike occured  Unfortunately, Dogecoin founder posted a tweet that calmed down all the FOMO around DOGE/ETH bridge so I don't expect our "Shiba coin" to go up significantly.

I saw this tweet as well and I believe the whole thing revolving around the FOMO will certainly get to see us see some calm like you said in the value of the market.

Technically for now, it does not seem like the market is ready to move further as it is weak in momentum and both the MACD and RSI is showing a bearish divergence. Let's see how this will swing in coming hours or if doge will actually make the attempt to go past his previous high some few months back.