Is Dogecoin overpriced?

[perryxi2]

I think it's overvalued because apart from Elon Musk's Fomo and community appeal, Doge Coin doesn't have any outstanding real-world applications other than the previous Dice games or HYIP websites.

[Botnake]

I think it's overvalued because apart from Elon Musk's Fomo and community appeal, Doge Coin doesn't have any outstanding real-world applications other than the previous Dice games or HYIP websites.

If the online businesses will adopt DOGE, then the demand for DOGE will increase, that's what you called an adoption. Just like bitcoin, it's only used as a payment system, the same thing could be done with DOGE, unfortunately, its supply is not fixed, so it's not attractive to investors, I mean smart investors.

[conected]

Of course, Dogecoin is currently overpriced, the fair price is $0.002...

Until now I am still very surprised because there are still people who buy Dogecoin. dogecoin before Elon Musk's tweet was a very fair value. soon for sure, Elon will leave Dogecoin

- Some people's form of buying is just taking advantage of the moment and then they also leave dogecoin but probably quite a few people are a few steps behind the market jump, the advice of salesman Elon Musk made them believe more and they failed. The original sweetness has been changed into very bitter and spicy sensations, experts are pricing dogecoin again, probably the next few months will be the clearest values in terms of dogecoin

[bluebit25]

Yes it is very difficult to make a profit in the market if the crypto market is not stable and there is no good knowledge about the market. Therefore in order to reduce the loss one has to analyze the market and then invest this will increase your intelligence and make it easier to do market analysis.

we all understand that what can happen with this market. I realized that many people are really greedy, their greed makes them forget about the risks they can take. And money is the specific payment for that.

[coco23]

If the online businesses will adopt DOGE, then the demand for DOGE will increase, that's what you called an adoption. Just like bitcoin, it's only used as a payment system, the same thing could be done with DOGE, unfortunately, its supply is not fixed, so it's not attractive to investors, I mean smart investors.

Business adaptation is nice, but won't increase the demand for Doge or any coin by itself. Coin prices are made by speculation, hodlers and supply. Doge is still overpriced imho. It would need some continuous technological advances to be priced fairly.
I don't think that the unlimited supply is such a big problem. Investors are typically only looking a few years into the future. More important is how quickly it inflates and Doge should have a lower inflation currently than many other coins.

[lepbagong]

Yes it is very difficult to make a profit in the market if the crypto market is not stable and there is no good knowledge about the market. Therefore in order to reduce the loss one has to analyze the market and then invest this will increase your intelligence and make it easier to do market analysis.

it takes time and learning to be able to analyze well, the best teacher is to immediately go down and do it with small capital first because with that we can learn character and from mistakes we can continue to improve. I agree it takes time and it's not easy when the crypto situation is not good.

we all understand that what can happen with this market. I realized that many people are really greedy, their greed makes them forget about the risks they can take. And money is the specific payment for that.

people who cannot enjoy the gifts that should be received when experiencing benefits, but want more to be taken from the opportunity, in fact end up not achieving what they want because of greed that can't limit when it's time to accept the situation. because the opportunity can soon pass if you can not accept the opportunity that is already available.

[alchemister]

DOGE is an attractive coin
Prices will rise again in the fall
At that time, with BABY DOGE

[milewilda]

Of course, Dogecoin is currently overpriced, the fair price is $0.002...

Until now I am still very surprised because there are still people who buy Dogecoin. dogecoin before Elon Musk's tweet was a very fair value. soon for sure, Elon will leave Dogecoin

When everything gets hyped then you would really see those numbers that we havent expect for a certain coin to reach out this doesnt only limit out on DOGE alone but also in other possible coins that would be hyped next specially if the person behind those tweets and sentiments is something influential and known which its just normal for the public or the community to have those kind of reactions on when the time they are really in fear on missing out the
opportunity that they could possibly get if it turns out that the price would really be heading up.For those who do risk out are the ones who do make money but for those who had been late and ending up on getting caught on the peak price would end up like holding like forever.

[LUCKMCFLY]

The price of DOGE also has its signs of recovery, but the trend for this coin is clearly bearish, it is difficult for the bulls to maintain the price, I would say that the coin is not expensive for now:

Alternatively, if bulls can drive and sustain the price above the neckline, it will suggest that the bearish setup did not find support at lower levels. That could open the doors for a rally to the 50-day SMA and then to $0.45.

Source: https://cointelegraph.com/news/price-analysis-6-23-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc
For now, the prices of Doge are very stagnant, Elon Musk has not manifested again, however this coin can reach levels of 0.45usd or more if everything goes well, bringing good profits to the hodlers.

[Xampeuu]

The price of DOGE also has its signs of recovery, but the trend for this coin is clearly bearish, it is difficult for the bulls to maintain the price, I would say that the coin is not expensive for now:

Alternatively, if bulls can drive and sustain the price above the neckline, it will suggest that the bearish setup did not find support at lower levels. That could open the doors for a rally to the 50-day SMA and then to $0.45.

Source: https://cointelegraph.com/news/price-analysis-6-23-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc
For now, the prices of Doge are very stagnant, Elon Musk has not manifested again, however this coin can reach levels of 0.45usd or more if everything goes well, bringing good profits to the hodlers.

if we look at the candle, it is indeed a doge in a downtrend. but given the amount of resistance that will be broken to reach the top, I don't think it will happen in the near future, unless someone deliberately pumps it again. and now maybe the price will only form a consolidation area

[redWAY]

Can you really imagine a usable field of Dogecoin? or is it just elon musk hype?
In the end, I wouldn't be surprised if it was an irony by Musk.
It might be fun to play, but really as an investment? long term? I don't want to destroy dreams, but if something is unusable then it cannot hold any value.
I don't know of any projects that are related to dogecoin and are being developed that are really relevant.

[feelideb]

Dogecoin is over priced and it interesting that market do not feel the same. Many good and promising  coin are down, bitcoin is down as well losing up to 50%  of it's ath value. Dogecoin however is not losing much. I guess those that hold dogecoin are doing so because of some other reasons and whatever reason it is, dogecoin price is not sustainable!

[Mihawk]

I think it's a few cents above its true price right now, but I think it's fair that DOGE is living in this moment. I used a lot of DOGE in the past, it was practical and fast. I never had any problems. Of course I don't own DOGE anymore and I understand that the only trading pair that is more profitable is BTC - USD, but for those brave DOGE is an option that can be profitable.

[andriarto]

I think it's a few cents above its true price right now, but I think it's fair that DOGE is living in this moment. I used a lot of DOGE in the past, it was practical and fast. I never had any problems. Of course I don't own DOGE anymore and I understand that the only trading pair that is more profitable is BTC - USD, but for those brave DOGE is an option that can be profitable.

so I remembered that I used doge because the fee was low, so I could save on transaction expenses. but until now doge is back down, and that's normal because many other coins have experienced the same thing, after pump and dump, at least doge is still alive at this time, and waiting for the pump to happen again to reach the previous peak, although no one knows when it will happen it happened, and until now doge is still in the top 10 of coinmarketcap

[Golftech]

Dogecoin is over priced and it interesting that market do not feel the same. Many good and promising  coin are down, bitcoin is down as well losing up to 50%  of it's ath value. Dogecoin however is not losing much. I guess those that hold dogecoin are doing so because of some other reasons and whatever reason it is, dogecoin price is not sustainable!

Still hihg in value since those who bought at the peak still convince that the value will bounce back and start

to bring them decent profits, but in reality, that said chance are far from how the market is moving, Bitcoin

is down and most of those known and reputable coins are also moving downwards, whatever the reason investors

still buying this coin most might still hoping that it will rally high again.

[Text]

Can you really imagine a usable field of Dogecoin? or is it just elon musk hype?
In the end, I wouldn't be surprised if it was an irony by Musk.
It might be fun to play, but really as an investment? long term? ~snip

DOGE is as useful as most coins used as a medium of exchange and payment.  It is also used as gambling bets on crypto gambling sites for the reason of fast transaction and cheap fees.  But it is still undeniable that its price has plummeted because of the hype provided by EM.  Many also say that it is not a long-term investment because of its unlimited supply.  Those who have just bought at a higher price compared to the current price do not seem to be able to accept their defeat immediately, what if they stay in this situation for a long time.

[MFahad]

Can you really imagine a usable field of Dogecoin? or is it just elon musk hype?
In the end, I wouldn't be surprised if it was an irony by Musk.
It might be fun to play, but really as an investment? long term? ~snip

DOGE is as useful as most coins used as a medium of exchange and payment.  It is also used as gambling bets on crypto gambling sites for the reason of fast transaction and cheap fees.  But it is still undeniable that its price has plummeted because of the hype provided by EM.  Many also say that it is not a long-term investment because of its unlimited supply.  Those who have just bought at a higher price compared to the current price do not seem to be able to accept their defeat immediately, what if they stay in this situation for a long time.

Among all the meme coins, the dogecoin is the best one. It's not easy for any meme coin to remain in top 10 crypto currencies. I know many people will say it is because of the Elon Musk but no coin can have big market-cap unless it is backed up by the community.

[JohnBitCo]

Can you really imagine a usable field of Dogecoin? or is it just elon musk hype?
In the end, I wouldn't be surprised if it was an irony by Musk.
It might be fun to play, but really as an investment? long term? ~snip

DOGE is as useful as most coins used as a medium of exchange and payment.  It is also used as gambling bets on crypto gambling sites for the reason of fast transaction and cheap fees.  But it is still undeniable that its price has plummeted because of the hype provided by EM.  Many also say that it is not a long-term investment because of its unlimited supply.  Those who have just bought at a higher price compared to the current price do not seem to be able to accept their defeat immediately, what if they stay in this situation for a long time.

The best use case for the dogecoin is its being used in gambling site because its not only cheap but the transaction cost is low and transaction speed is also very fast. However i do not expect the price of dogecoin to rise because of its unlimited high supply. Those who are stuck in doge at high prices, they should only hope if elon musk can promote this coin again and then they can book their profits and exit at break-even / Profit.

[ningrum]

Can you really imagine a usable field of Dogecoin? or is it just elon musk hype?
In the end, I wouldn't be surprised if it was an irony by Musk.
It might be fun to play, but really as an investment? long term? ~snip

DOGE is as useful as most coins used as a medium of exchange and payment.  It is also used as gambling bets on crypto gambling sites for the reason of fast transaction and cheap fees.  But it is still undeniable that its price has plummeted because of the hype provided by EM.  Many also say that it is not a long-term investment because of its unlimited supply.  Those who have just bought at a higher price compared to the current price do not seem to be able to accept their defeat immediately, what if they stay in this situation for a long time.

Among all the meme coins, the dogecoin is the best one. It's not easy for any meme coin to remain in top 10 crypto currencies. I know many people will say it is because of the Elon Musk but no coin can have big market-cap unless it is backed up by the community.

Yes, when talking about coin memes, it is only Dogecoin that has good achievements compared to other coin memes,
it will be interesting i think whether dogecoin will be able to last long to continue in the top coin,
we'll see what happens to dogecoin later

[kevindjunaidi]

if you look at the function of dogecoin, then I believe the price of dogecoin is overpriced, because dogecoin has no function, so according to the current price of dogecoin it is not worth it, but with a very large community of dogecoin, then in my opinion it is a natural thing if the price of dogecoin can increased very high like now, that's why I also invested in dogecoin, but of course I didn't invest in dogecoin for the long term, because the risk is very big.