Is Dogecoin overpriced?

[imstillthebest]

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.

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 .

[1714011777]

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[1714011777]

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[rahmathidayat93]

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 ??

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.

[Gheka]

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.

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.

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

[jackson2020]

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

[go4crypto]

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.

[dotherightthing]

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.

[DarkDays]

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.

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?

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.

[tarable]

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

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.

[Vishnu.Reang]

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.

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.

[nimogsm]

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.

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.

[prosperoustop]

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.

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!

[meysonYo]

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.

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)

[abel1337]

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.

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.

[longyenthanh]

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.

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.

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.

[helevela]

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.

[CoinFoxs]

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.

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.

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.

[kawetsriyanto]

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.

$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.

[GeorgeJohn]

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.

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.

[bakasabo]

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.

[Abiky]

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.

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