Is Dogecoin overpriced?

[mirakal]

Yes, obviously the price of Doge coin is very very overpriced. And this is now one of the best meme coin in the crypto world. Everybody are Trolling about Doge coin.

Elon musk is playing a vital roll for Doge coin movement. I don't know how much actually He is related with Doge coin team. But he is act as he is the creator of Doge. Doge is now looks like a pump dump coin. And People now also avoiding Elon musk tweets. That are not much effective like before.

That means the bull run is over and people can start realizing that they got fooled by the tweets of Elon, they learned the hard way that's it. The reason why DOGE is still not going down is that there are still people who hold and believe that DOGE will be able to bounce back and make a new ATH which is $1.

Let's see how long they can hold, will they HODL?

[CutePanda]

I don't think Dogecoin is overpriced, today's Doge price is $.02579, which is quite low with the current volume of DOGE. On the contrary, I think the current DOGE price is still underprice, because I believe DOGE will soon skyrocket to $1.

[awik p]

Yes, obviously the price of Doge coin is very very overpriced. And this is now one of the best meme coin in the crypto world. Everybody are Trolling about Doge coin.

Elon musk is playing a vital roll for Doge coin movement. I don't know how much actually He is related with Doge coin team. But he is act as he is the creator of Doge. Doge is now looks like a pump dump coin. And People now also avoiding Elon musk tweets. That are not much effective like before.

That means the bull run is over and people can start realizing that they got fooled by the tweets of Elon, they learned the hard way that's it. The reason why DOGE is still not going down is that there are still people who hold and believe that DOGE will be able to bounce back and make a new ATH which is $1.

Let's see how long they can hold, will they HODL?

they seemed trapped until they decided to keep holding the doge. nowadays more and more people are aware and seem not to believe what Elon said, it can be seen in the shiba project, which is not as bright as what he said at the beginning of the bullrun season

[kotajikikox]

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.

It is overpriced mate , Look at it now going back to the value this deserves. i hate breaking many peoples  heart but that is what it is, Doge is overpriced and overhyped by the Whales who bagged money recently .
look at it now cannot even make a 20% growth back again.
though it's great seeing this with at least 26 cents as i speaks here now.

I don't think Dogecoin is overpriced, today's Doge price is $.02579, which is quite low with the current volume of DOGE. On the contrary, I think the current DOGE price is still underprice, because I believe DOGE will soon skyrocket to $1.

Lol with dogecoin volume you still believe that the price is not overhyped? are you kidding me?

[Japinat]

they seemed trapped until they decided to keep holding the doge. nowadays more and more people are aware and seem not to believe what Elon said, it can be seen in the shiba project, which is not as bright as what he said at the beginning of the bullrun season

Right now they are still not panic because DOGE is still holding a good value, maybe lower than what is expected but at least it's still holding and surviving. The Elon Musk effect will not be easily eliminated, and these believers who are still holding now are still hoping that one day a bull run will come again and will make their investment shoot up to the moon, like what the memes are showing.

[slaman29]

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.

Depends on who you ask and who the doge holder is. I received my very first DOGE as a tip, and most if not all the DOGE I have given away is also as a tip, which is really the spirit of Dogecoin, giving and passing it on.

It may be a memecoin but it was the first exposure of crypto for a lot of people and this year, also the first for many first time crypto owners. If it teaches you to use wallets and addresses and spend, I see great utility.

[lenovop-70]

Doge overpriced is trully yes, before all of it doge just small coin in the big crypto world, but since elon said in his tweet, its going up like crazy.
Undeniable, doge has good speed transaction, but with unlimited total supply, doge should not reach the highest price like yesterday we saw, it is pure manipulation by whale.
Before all of it, doge was my favourite coin to do transaction, but now i am moving to BEP20 wich is has cheaper gas price.

[dimonstration]

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.

I invest before in Doge not expecting the price to be this much, I have sold it when Elon hype it and get the price higher. I only bought it since I'm a Dog Lover and for doing transactions that can lessens the fees than using BTC or ETH. I'm really thankful I decide to buy before since it just happen I have extra and was able to sell with the price I didn't even imagined it will reach.

[Abiky]

That means the bull run is over and people can start realizing that they got fooled by the tweets of Elon, they learned the hard way that's it. The reason why DOGE is still not going down is that there are still people who hold and believe that DOGE will be able to bounce back and make a new ATH which is $1.

Let's see how long they can hold, will they HODL?

Dogecoin is "Fool's Gold". Those who invest in it now will regret doing so later in the future. The "Elon Musk hype" is fading, so it shouldn't be long before DOGE goes back to sub $0.01 prices. Only a noob would think Dogecoin will reach $1 per coin. If only people did their own research about the project instead of following a single man, they'll realize that Dogecoin is not meant to be a store of value. The hyperinflationary nature of the cryptocurrency tell us that it should become cheaper over time. It's like Venezuela's Bolivar currency subject to constant devaluation because of hyperinflation. Like it or not, Dogecoin is overpriced just like some other useless altcoins on the market. Time will tell us whenever Dogecoin will retain its value or go all the way down the drain. Just my opinion

[Japinat]

That means the bull run is over and people can start realizing that they got fooled by the tweets of Elon, they learned the hard way that's it. The reason why DOGE is still not going down is that there are still people who hold and believe that DOGE will be able to bounce back and make a new ATH which is $1.

Let's see how long they can hold, will they HODL?

Dogecoin is "Fool's Gold". Those who invest in it now will regret doing so later in the future. The "Elon Musk hype" is fading, so it shouldn't be long before DOGE goes back to sub $0.01 prices. Only a noob would think Dogecoin will reach $1 per coin. If only people did their own research about the project instead of following a single man, they'll realize that Dogecoin is not meant to be a store of value. The hyperinflationary nature of the cryptocurrency tell us that it should become cheaper over time. It's like Venezuela's Bolivar currency subject to constant devaluation because of hyperinflation. Like it or not, Dogecoin is overpriced just like some other useless altcoins on the market. Time will tell us whenever Dogecoin will retain its value or go all the way down the drain. Just my opinion

I would think DOGE will reach $1 if the bull run was extended, but I would not believe it will stay at that price and grow, of course, this is just a hype coin and what comes up, must go down. Elon popularity is going down, the same thing would happen to the coins he is shilling, so consider this as a warning and get out while you can, that $0.01 could possibly happen.

[mirakal]

I would think DOGE will reach $1 if the bull run was extended, but I would not believe it will stay at that price and grow, of course, this is just a hype coin and what comes up, must go down. Elon popularity is going down, the same thing would happen to the coins he is shilling, so consider this as a warning and get out while you can, that $0.01 could possibly happen.

There's a rumor that Elon will make his own crypto coin, would that certainly affect the DOGE in a negative way as people will be moving to Elon's coin and that will make one pump and the other dump, and obviously it will be the DOGE that will dump.

https://www.news18.com/news/buzz/elon-musk-may-create-his-own-cryptocurrency-if-dogecoin-is-unable-to-do-everything-he-wants-3745688.html

[Shasha80]

I would think DOGE will reach $1 if the bull run was extended, but I would not believe it will stay at that price and grow, of course, this is just a hype coin and what comes up, must go down. Elon popularity is going down, the same thing would happen to the coins he is shilling, so consider this as a warning and get out while you can, that $0.01 could possibly happen.

There's a rumor that Elon will make his own crypto coin, would that certainly affect the DOGE in a negative way as people will be moving to Elon's coin and that will make one pump and the other dump, and obviously it will be the DOGE that will dump.

https://www.news18.com/news/buzz/elon-musk-may-create-his-own-cryptocurrency-if-dogecoin-is-unable-to-do-everything-he-wants-3745688.html

Elon Musk's initial goal of promoting Dogecoin was to be able to profit from the hype. I'm sure Elon Musk has already made a huge profit
from Dogecoin, and now some of Elon Musk's tweets regarding Dogecoin have no effect on the price of Dogecoin. Therefore, it is very natural
that Elon Musk finally decided to create his own crypto coin, because he thought Dogecoin couldn't give him the profit he wanted. If there are
rumors that Elon Musk will make crypto coins, I predict the price of Dogecoin will dump quite deep. So be careful for now those who are still
holding Dogecoin, if you already get a profit, you should sell it immediately.

[Rabi3]

I don't think Dogecoin is overpriced, today's Doge price is $.02579, which is quite low with the current volume of DOGE. On the contrary, I think the current DOGE price is still underprice, because I believe DOGE will soon skyrocket to $1.

but why do you think it's going to rocket to $1 ?! in my opinion it is overpriced because it has no usage whatsoever, and it's network is slow compared to other tokens who are lower than Doge and they have more utility, so i think Doge is for sure overpriced.

[CaVO32]

I don't think Dogecoin is overpriced, today's Doge price is $.02579, which is quite low with the current volume of DOGE. On the contrary, I think the current DOGE price is still underprice, because I believe DOGE will soon skyrocket to $1.

but why do you think it's going to rocket to $1 ?! in my opinion it is overpriced because it has no usage whatsoever, and it's network is slow compared to other tokens who are lower than Doge and they have more utility, so i think Doge is for sure overpriced.

Right now, it seems overpriced because we can't see its tangible usage to the community. However, we don't know if there will be real developments going on when Elon mentioned before about its possible collab with doge team. But if there will be no progress regarding this situation, I think doge is indeed overpriced and needs to go back to where it was. So at least enjoy the cheaper transaction fees as before. Because these days, the  doge withdrawal fees are quite expensive and it should not be that way.

[ElmedoRator]

Doge overpriced is trully yes, before all of it doge just small coin in the big crypto world, but since elon said in his tweet, its going up like crazy.
Undeniable, doge has good speed transaction, but with unlimited total supply, doge should not reach the highest price like yesterday we saw, it is pure manipulation by whale.
Before all of it, doge was my favourite coin to do transaction, but now i am moving to BEP20 wich is has cheaper gas price.

Dogecoin was originally just a cryptocurrency created for prank purposes. The coin's symbol itself is also an imitation of a dog. Currently, Dogecoin has little commercial value, but many people are still trusting this coin. I also don't have much to say to them, because instead of trying to explain to stubborn people, let them see for themselves that they are making mistakes.

[Pamadar]

Doge overpriced is trully yes, before all of it doge just small coin in the big crypto world, but since elon said in his tweet, its going up like crazy.
Undeniable, doge has good speed transaction, but with unlimited total supply, doge should not reach the highest price like yesterday we saw, it is pure manipulation by whale.
Before all of it, doge was my favourite coin to do transaction, but now i am moving to BEP20 wich is has cheaper gas price.

Dogecoin was originally just a cryptocurrency created for prank purposes. The coin's symbol itself is also an imitation of a dog. Currently, Dogecoin has little commercial value, but many people are still trusting this coin. I also don't have much to say to them, because instead of trying to explain to stubborn people, let them see for themselves that they are making mistakes.

We can't stop those people or point them to the direction that we want them to see,

As they seen other else fro what we practically understood, there are people who are willing to take the risk gambling with opportunities
to buy at the right time and sell it when the value pumped high, those who also influenced people around them thinking that they'll might
catch the right train.

[LUCKMCFLY]

For now Doge is in the same operation as ADA, it is speculated that it is in a possible accumulation and that it can give pleasant surprises, of course everything depends on the movement of BTC:

DOGE remains trading in the narrow range getting energy for the further move. At the moment, the altcoin is closely located near the resistance at $0.2895. If bulls can break it, there are high chances to get to the liquidity zone around $0.32 shortly.

Source: https://u.today/btc-eth-ada-bnb-and-doge-price-analysis-for-july-4

At the moment it is very difficult to know what can happen with Doge, since Elon Musk does not have as much power in the market as before, his tweets to give a possible pump to Doge did not work for him, I think the influence he had has lost it.

[jesselui]

Dogegeoin was a project with little potential that should not be taken seriously. It is a hopeless case that could reach these prices with Elon Musk's ridiculous tweets. That's why I think he doesn't deserve the position he is in now.

[tabas]

Dogegeoin was a project with little potential that should not be taken seriously. It is a hopeless case that could reach these prices with Elon Musk's ridiculous tweets. That's why I think he doesn't deserve the position he is in now.

It is still overpriced until it finally plummets a lot and goes back to the true value of it. Elon just shilled it and that is because him and other common crypto guy holds a lot of it.
Vitalik sold all of his dogecoin and from the $25k of his investment on this coin, he profited millions. If Vitalik earned that much, what's more with Elon during the hype.

[7788bitcoin]

It is still overpriced until it finally plummets a lot and goes back to the true value of it. Elon just shilled it and that is because him and other common crypto guy holds a lot of it.

Will see how the market will be when there is a major correction and once all the coins goes down and everything is settled we will know how big it will plummet because Elon has shilled the coin hard and there is a cult of investors who are willing to invest in whatever he says  .

Vitalik sold all of his dogecoin and from the $25k of his investment on this coin, he profited millions. If Vitalik earned that much, what's more with Elon during the hype.

Just $25k of his investment in Dogecoin, he created a heavily premined coin and he just invested $25k  , may be he diversified in almost all of the coins in existence and every project he might have invested $25k each .