Is Dogecoin overpriced?

[businessgirl]

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.

[lousie9]

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.

[fr4nkthetank]

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.

[popc0r3]

The original memecoin!

[bitjoin]

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.

[KryptoKings]

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.

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.

[litepool.ru]

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.

[nurilham]

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.

[Danslip]

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.

[Kelvinid]

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.

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.

[bitgolden]

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).

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.

[Japinat]

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.

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.

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.

[trauchot]

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.

[dainoran]

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.

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.

[bryant.coleman]

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.

[Similificator]

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.

[Inkdatar]

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.

[MWesterweele]

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.

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.

[lumierre]

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.

[Untomabur]

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