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Author Topic: Is Dogecoin overpriced?  (Read 2169 times)
MarjorieZimmermanGinger
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April 29, 2021, 03:19:01 AM
 #161

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

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April 29, 2021, 03:56:13 AM
 #162

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

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

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 .
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 Smiley)

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April 29, 2021, 04:13:39 AM
 #163


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

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April 29, 2021, 04:18:09 AM
 #164


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


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April 29, 2021, 04:35:02 AM
 #165

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?

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April 29, 2021, 04:39:31 AM
 #166

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.

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April 29, 2021, 04:48:53 AM
 #167

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. Smiley

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

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.



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April 29, 2021, 05:27:48 AM
 #168

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

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April 29, 2021, 06:22:48 AM
 #169

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,

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April 29, 2021, 06:51:15 AM
 #170

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.

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April 29, 2021, 06:56:56 AM
 #171

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.

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April 29, 2021, 06:58:31 AM
 #172

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.
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.

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April 29, 2021, 07:41:08 AM
 #173



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.

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April 29, 2021, 08:06:39 AM
 #174

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
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.

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April 29, 2021, 08:20:35 AM
 #175

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.

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April 29, 2021, 08:25:30 AM
 #176

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

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. Smiley

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May 01, 2021, 05:40:54 PM
 #177

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.

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.

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May 01, 2021, 06:03:15 PM
 #178

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. Smiley

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.

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May 01, 2021, 06:21:02 PM
 #179

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

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May 01, 2021, 06:24:56 PM
 #180

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.

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.

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.

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