Is Dogecoin overpriced?

[darmin]

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.

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[bahagia93]

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.

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.

[TWW]

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.

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.

[LUCKMCFLY]

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:

Currently, neither bulls nor bears are dominating as the altcoin is located in the sideways channel. One needs to buy when DOGE comes back to the $0.1940 zone or the resistance at $0.3495.

Source: 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.