Is Dogecoin overpriced?

[cafee_orange]

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 )

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 ??

[noormcs5]

Maybe many don't like it but dogecoin is overpriced and most will get rekt by this coin.

[Asuspawer09]

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 guess it is overpriced when it comes to utility, just because it doesn't have a utility that is why most people are thinking that it doesn't have any future in the market.

But today it is just irresponsible to not have some in your portfolio just because at any second it could easily explode in the market, Once dodge reaches a new all-time high in the market it is always stabilizing and remain at that price so in my opinion there is a big community that is believing in the DOGE so I guess it is always worth it to invest in to even though it is a little risky.

When I realize its community and the potential of DOGE I can say I don't think it is not overpriced and I don't think it will even drop to 1.5 cents in the market.

[Handsome Boy]

For the current market situation and support from many investor, then I don't think the price of Dogecoin is overpriced, because all cryptocurrency price increase very high now, so it's only natural that the price of Dogecoin has increase very high as well and I believe the price of Dogecoin can still increase higher than the current price, because many new investor are already interested to investing in Dogecoin too at this time.

[Viscore]

For the current market situation and support from many investor, then I don't think the price of Dogecoin is overpriced, because all cryptocurrency price increase very high now, so it's only natural that the price of Dogecoin has increase very high as well and I believe the price of Dogecoin can still increase higher than the current price, because many new investor are already interested to investing in Dogecoin too at this time.

We should look at the fundamentals or the development of dogecoin, if we don't see any big reason why the price rises this high, then we should accept that it's overpriced and once a coin is overpriced, a heavy correction is always expected.

I'll bet, DOGE will likely drop big time than reaching $1 soon, this is my bold prediction.

[akgandalf]

I think it's definitely too expensive. It is unreasonable to buy doge at these prices. Let's say you bought doge coin, how many times it increased, it is important that you plan to sell. The whales collected it from the bottom until it came to these prices. They will now gradually sell the dogecoins to the newcomer investor. Then there will be new hodlers who will wait a long time. At these prices, it can be traded with a very small part of the capital in its possession.

[Desscount]

according to me the current price of Doge is indeed very expensive or overpriced, we know that Doge is just a meme coin and doesn't have good fundamentals, it's just that Elon Musk and some artists support this meme coin going to the moon, with so much supply it is impossible if only based on the community, of course there are big bookies that hold Doge coins. so be careful with this fomo, it could be doge back to the base price again, be careful in investing and trading

[Muslimin mj]

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 the current price of Dogecoin is too expensive because the supply that Dogecoin is very large, so for the current price it is very expensive. and I am sure Dogecoin will fall back down in the near future as the large supply will not be able to sustain the high price. try to pay attention to other altcoins that have a similar supply to Dogecoin. no one has a price as high as the current price of Dogecoin. and I am also sure that many people will suffer a great loss from it.

[boty]

I think it's definitely too expensive. It is unreasonable to buy doge at these prices. Let's say you bought doge coin, how many times it increased, it is important that you plan to sell. The whales collected it from the bottom until it came to these prices. They will now gradually sell the dogecoins to the newcomer investor. Then there will be new hodlers who will wait a long time. At these prices, it can be traded with a very small part of the capital in its possession.

its too expensive in my opinion , dont be rekt when current price. price move with high volatile and bitcoin still unstable now, its better to wait and see till confirmation signal occur..and looks like new buyer only buy doge from whales that accumulate since its price below $0,1. dont speculate except we ready to face the loss.

[coin-investor]

People ignore coins that were worthless before, because they thought who was the one who gave the full support behind Dogecoin, and now Elon Musk's tweet has a positive impact on Dogecoin which makes the price soar even more like it is now, and people are also taking advantage of this golden opportunity to invest in it

If this could happen to Dogecoin it can happen to other coin, investors have low regards for Dogecoin a year ago but after Elon Musk thew his support, it has a big turn around, I don't think Elon Musk will stop on Dogecoin he will try to find other coins that are worth creating hype, but what coin is that is a big question, so keep holding coins that are similar to Dogecoin.

[Samurai trieng]

yes the price of Dogecoin is very expensive at the moment, of course this is an opportunity for people who still keep this altcoin, because if they sell it they will make a big profit ... but if you want to invest in Dogecoin it's better to wait until the price drops even lower  ,

[olori 4]

yes the price of Dogecoin is very expensive at the moment, of course this is an opportunity for people who still keep this altcoin, because if they sell it they will make a big profit ... but if you want to invest in Dogecoin it's better to wait until the price drops even lower  ,

How are you sure it will plunge. Although, the price of Dogecoin might seem to be much, maybe because many see it as a shitcoin, but I can confidently say that it's passed that stage.

[Kitaiev]

This price is very high now! There is nothing behind this coin except Elon Musk's tweets. This is a meme coin and it's simply impossible to expect something predictable from this at a distance. Better explore other projects, this coin is like a casino bet.

[MonaLeeTracy]

Now, in my opinion, Doge is expensive. the increase of more than 1000X makes the current price of course expensive to invest. the risk of investing in doge is quite high if you are currently interested in buying it.
better to wait for the bearish market to get a cheap price. we haven't seen the correction doge deep enough. although in April it had experienced a decline

[MUG1WARA]

The dogecoin price surged to an unbelievable amount during this bull run and its a courtesy of Elon Musk and followers who are always waiting for a dogecoin meme tweet to buy more dogecoin, and I think alot of this people buying don't care about the fact that the circulating supply of dogecoin is high and its an abandoned project, they just see it as an investment tool since Elon Musk will keep tweeting and they will undoubtedly make gains from buying now, and lastly in my opinion dogecoin is overpriced considering the circulating amount it should never be worth this current amount now.

[Pamadar]

Now, in my opinion, Doge is expensive. the increase of more than 1000X makes the current price of course expensive to invest. the risk of investing in doge is quite high if you are currently interested in buying it.
better to wait for the bearish market to get a cheap price. we haven't seen the correction doge deep enough. although in April it had experienced a decline

Hard to assess what might the next target, either it will hype for more and hit $1,

or it will fall back a little and build another barrier, before you take your position make sure to analyze and never to stop observing everything that influenced this project, especially Msuk position as he really have the big one for hitting this huge amount of value, try to assess and weigh in each decision that you'll going to take to avoid huge losses.

[slashz9]

For the current market situation and support from many investor, then I don't think the price of Dogecoin is overpriced, because all cryptocurrency price increase very high now, so it's only natural that the price of Dogecoin has increase very high as well and I believe the price of Dogecoin can still increase higher than the current price, because many new investor are already interested to investing in Dogecoin too at this time.

We should look at the fundamentals or the development of dogecoin, if we don't see any big reason why the price rises this high, then we should accept that it's overpriced and once a coin is overpriced, a heavy correction is always expected.

I'll bet, DOGE will likely drop big time than reaching $1 soon, this is my bold prediction.

in how long did you predict it? or before it touched 1 $? I'm not sure because every day someone buys a large number of doges, most recently someone bought $ 1 billion worth of dogecoins and that puts them up to the biggest doge number 3 holder.

[leea-1334]

For the current market situation and support from many investor, then I don't think the price of Dogecoin is overpriced, because all cryptocurrency price increase very high now, so it's only natural that the price of Dogecoin has increase very high as well and I believe the price of Dogecoin can still increase higher than the current price, because many new investor are already interested to investing in Dogecoin too at this time.

One day you should come back to look at what you wrote here. Do not worry,,, I used to write very silly things about crypto too. I used a lot of words like undervalued too for altcoins that did not have a single use other than for speculation. DOGE at least does have a place in many many crypto casinos;)

But you really have to admit and be honest with yourself about expectations. Disappointment awaits those who believe in hype alone.

[soul-impact]

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.

[Masyudhi]

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?
what is happening now surprises us. especially by reaching $ 1. what will the people in the crypto market say?