Is Dogecoin overpriced?

[bitzizzix]

Doge's price is almost close to $ 0.60 back to an all-time high and I regret not buying it when it was around $ 0.40 yesterday because I was hesitant to buy it.
really a really nice move for Doge and it looks like a $ 1 hit is going to come true, and I shouldn't waste it before the price gets too far.
and the recent doge escalation on news that the popular Israeli online trading platform eToro will offer crypto assets to its customers.

[nrvasquez]

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.

Yes, currently Dogecoin is bullish and I think the trend is also very positive and strong. I just don't understand why people invest in coin memes? don't get me wrong, i love doge, i just can't understand what they want from investing on doge apart from their investment profit

[bryant.coleman]

LOL.... now Dogecoin is the 4th largest cryptocurrency in terms of market capitalization. Only Bitcoin, Binance Coin and Ethereum are ahead of it. If the trend continues, then it may be able to overtake BNB in the next few months (if not weeks). Can you imagine this? A shitcoin, which was created to mock the idea of cryptocurrency is now more valuable than Tether, Cardano and Polkadot. And ever since the start of this year, Doge has gone up by around 120 times. Let's digest this. 12,000% increase in 4 months.

[Alanaz]

the endless pump of investors and billionaires making doges like trance on the price I think it's good enough for them because with them like that it's wrong but as long as many other people follow and the profit is pretty why not. I don't think doge is a bad coin for now

[Traderbtcc]

I can't really speak everyone, cause just like every other coin in the market their prices are determined by supply and  demand, it seems  people no longer care about the huge supply of dogecoin and the fact that its an abandoned project, they now see it as an investment tool like e.g bitcoin and Ethereum, the price of dogecoin soared massively today dogecoin is now worth over 50 cents, and from what i know I bet so many people will fomo in  hoping dogecoin price will get to $1 which is possible anytime soon.

[JooBra]

LOL.... now Dogecoin is the 4th largest cryptocurrency in terms of market capitalization. Only Bitcoin, Binance Coin and Ethereum are ahead of it. If the trend continues, then it may be able to overtake BNB in the next few months (if not weeks). Can you imagine this? A shitcoin, which was created to mock the idea of cryptocurrency is now more valuable than Tether, Cardano and Polkadot. And ever since the start of this year, Doge has gone up by around 120 times. Let's digest this. 12,000% increase in 4 months.

Dude it's all based around the hype for Doge. It will go down eventually. Maybe it can hit 1$ before it goes but it will go sooner or later. Cardano and Polkadot have use behind them and are planing to do big stuff for world in future.

[HanaTenun]

the endless pump of investors and billionaires making doges like trance on the price I think it's good enough for them because with them like that it's wrong but as long as many other people follow and the profit is pretty why not. I don't think doge is a bad coin for now

That's right, nowadays many big figures and their followers are madly pumping Dogecoin to the moon, they are also taking advantage of the rise of this Doge project.  for me it doesn't matter because it helps most people too so yeah that's great.

[Oilacris]

the endless pump of investors and billionaires making doges like trance on the price I think it's good enough for them because with them like that it's wrong but as long as many other people follow and the profit is pretty why not. I don't think doge is a bad coin for now

That's right, nowadays many big figures and their followers are madly pumping Dogecoin to the moon, they are also taking advantage of the rise of this Doge project.  for me it doesn't matter because it helps most people too so yeah that's great.

You should think that it isnt really helping people because if there are winners/profit there are losers on the other side on where this is how the market normally works.

We cant say that it is already overpriced because as long it gets hyped and mainly supported with those big figures then you can really expect that the potential is really there.

Its up to someone if they would still risk out on buying Doge because there's always no assurance on how things would go in the future.So its your call neither you do engage or not.

[agg2702]

for the size of Doge I think this is very expensive for now because previously this coin was only a meme and I did not expect it to be like this, but if you look at the crypto world like this, we can still consider Doge and it can still be said that coins are very easy to buy. for small traders.
but I think the glory of this doge is still not over here. We can see the crazy pump of the billionaires and investors who are investing there. no half-hearted each they pump is definitely new ath

[yat97]

I know a girl who literally bought doge for the sole reason of "aww cute doggy!"


I shit you not. If she kept some, she's doing pretty well right now.

The cuteness of it might get people into the crypto space so regardless if you think it's a shit coin or not, it's a good thing if it gets people in and using it.

[bakasabo]

Dogecoin looks like such an easy way to get some quick money, that is makes hard to resist not to invest few hundred dollars into it. Anyone is having has same feeling as me? When dogecoin price crashes, it will cause a severe damage to whole cryptocurrency.
It is really hard to understand why there are already 12 pages of discussion, when it is clear that dogecoin is overprices, as it has no usage and was created just for fun.

[Taufik blackspade team]

I don't think Dogecoin is too expensive considering there is a lot of support from investors for it, and at the moment there have been a lot of increases. There are still many investors who are starting to look to Dogecoin, and I am sure that in the future there will be another increase.

[electronicash]

overprice? apparently not, the current increase is directly proportional to the increasing number of investors who put their portfolios on Dogecoin, and the potential for Doge is indeed good, even if there will be many projects that adopt Dogecoin, surely the Doge will certainly increase.

with the number of people coming into crypto right now, its definitely not overprice, it could go more than $1 up to $5.

doge is more popular on tiktok because it's easy to just promote it there. internet users just love kitty cats and dogs   its sort of marketing that Elon must have had in mind. Bitcoin is not easy to promote because of the negative news around it but with dogecoin, crypto is introduced to new crowd.

[arifteguhr]

Right now there is too much media covering it and also the many people who fomo make the hype created on Doge coin has increased quite high. If we look at the current increase of Doge more than 2000% within 6 months because of elon musk's tweets. a lot of people are saying the price of the doge will hit $ 1 very soon. Of course, this is a pretty crazy thing from what I know about altcoin investing

[redhack]

It's way too overvalued but people don't care. The hype is real, mass adoption came with DOGE it's hilarious.
Regular joe don't even know how to use crypto currency exchanges but they can buy DOGE with an app without even checking the price.

[v3liana]

I've been in crypto since 2017 so i don't want to invest on this kind of project, this project just rising because of the hype. Everyone who has gone through 2017-2018 period should know about this bubble and i don't want to gamble my investment into it.

[raidarksword]

Doge's success now is overwhelming because no one thought that this meme coin would shake the all crypto market and community and many of us didn't took this coin seriously. Some wages into gambling bets, claim on random faucet sites and spending it like there's no tomorrow. So, I guess this coin is not overpriced whatsoever because the community decided it to make it to happen especially Elon Mush is backing up his dog.

[harapan]

For a coin that doesn't have a capped max supply? Dogecoin is overpriced in my opinion, but people no longer care about the max supply of dogecoin or the circulating supply, their only concern now is how to buy dogecoin now and wait for Elon  to make a dogecoin meme tweet so that the prices will starts pumping , then they sell at a higher price than what they bought and make profit from it, that's what matters most to everyone now, just make profit from holding dogecoin.

[kesmex]

I think in crypto world nothing is impossible, they under estimate and no one care or took notice of dogecoin, I remember in one site (forget what years it is) they gave dogecoin almost every 1 hour. Now Dogecoin is moving up, i think many people interested now in dogecoin specially many come out meme's about dogecoin one of effective promotion in crypto world.

Indeed, in the world of cryptocurrency anything can happen and is difficult to predict,
and it happened to Dogecoin, currently Doge is arguably at the top if we compare it to the previous conditions,
let's see what will happen to doge in the future. I'm personally also curious about that

[hamba laeh]

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.

if we look at the supply of Dogecoin then the current price of Dogecoin is very expensive. but in crypto nothing is impossible, everything can happen without us expecting. Maybe no one thinks that the price of Dogecoin will reach $ 0.6. but now that has happened to doge, and this is a very high price for Dogecoin.