Is Dogecoin overpriced?

[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 .

[tabas]

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  .

We already saw a correction and I think that's already a major correction that we're waiting for. But there might be still some of those corrections to come for this coin as it's being dumped a lot even how hard Elon tweets back at 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.

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 .

IIRC, it's like a spare money of his and he told his mom this crazy idea and investment and he did. But well, we saw how huge the profit he made from it.

[AmoreJaz]

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.

tbh, in my opinion it is still overpriced. how many here had enjoyed the cheap transfer fees of doge before? right now, when you compare the fees involved between doge or xrp/ltc/eos, doge is somewhat expensive. now, ask yourself, what will be the use of doge as it was used before in gambling and transfer purposes? and it is pretty not a good choice anymore. it will be like a speculative coin now. once elon tweets about it, price will pump, but how long? once we see that there's really no progress, i guess, the price of doge will go down.

[BuNga_cute]

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.

tbh, in my opinion it is still overpriced. how many here had enjoyed the cheap transfer fees of doge before? right now, when you compare the fees involved between doge or xrp/ltc/eos, doge is somewhat expensive. now, ask yourself, what will be the use of doge as it was used before in gambling and transfer purposes? and it is pretty not a good choice anymore. it will be like a speculative coin now. once elon tweets about it, price will pump, but how long? once we see that there's really no progress, i guess, the price of doge will go down.

That's why I decided not to buy Dogecoin anymore, because the price is still overpriced to buy. And without me knowing it, it's been a few months
since I have not used Dogecoin for withdrawal options anymore, because Dogecoin transfer fees are not cheap anymore. Elon Musk has really
made Dogecoin a very speculative project, the price is unreasonable. So while this is indeed the best option to avoid investing in Dogecoin.

[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.

tbh, in my opinion it is still overpriced. how many here had enjoyed the cheap transfer fees of doge before? right now, when you compare the fees involved between doge or xrp/ltc/eos, doge is somewhat expensive. now, ask yourself, what will be the use of doge as it was used before in gambling and transfer purposes? and it is pretty not a good choice anymore. it will be like a speculative coin now. once elon tweets about it, price will pump, but how long? once we see that there's really no progress, i guess, the price of doge will go down.

It is overpriced. It's been a while since I've transacted with the use of Dogecoin and I've always thought that it's been the top for having the cheap fees.
I didn't know that the fees became expensive lately for it.

[Boomber]

If I personally think that Dogecoin is overpriced, because Dogecoin is just a meme coin and doesn't have any useful functions in the future, therefore I think with the total supply of Dogecoin, then the price of Dogecoin goes up too high, unless in the future there is a big company accept payment using Dogecoin, then of course the price of Dogecoin deserves to increase very high.

[Dump3er]

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.

Tesla accepts Dogecoin, and what if Elon one day says everyone buying a Tesla with Dogecoin gets 10% off. Is Dogecoin that still overpriced? Difficult question because for some weird reason Elon Musk can actually give that coin a tangible value. There could be a scenario where Tesla becomes the new superpower in the car manufacturing industry, and if that thing called Dogecoin is the key to getting a 10% discount, hell what's going to happen to Dogecoin? Imagine he says he is even going to burn the 10%! Then Dogecoin might make Elon even richer than his Tesla company already did.

[mirakal]

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.

Tesla accepts Dogecoin, and what if Elon one day says everyone buying a Tesla with Dogecoin gets 10% off. Is Dogecoin that still overpriced? Difficult question because for some weird reason Elon Musk can actually give that coin a tangible value. There could be a scenario where Tesla becomes the new superpower in the car manufacturing industry, and if that thing called Dogecoin is the key to getting a 10% discount, hell what's going to happen to Dogecoin? Imagine he says he is even going to burn the 10%! Then Dogecoin might make Elon even richer than his Tesla company already did.

It could still be overpriced if that is the only basis on why DOGE will rise. With a huge supply of huge, can Tesla be one of the biggest users of DOGE in terms of transactions? I think it's not gonna be possible, Elon would only hype it, and eventually, it will still go down like other hype coins. DOGE needs to be adopted widely, not only Tesla alone in order for it to grow.

[Pierre 2]

It makes me mind-blown to see this thread was opened in February. Dogecoin was and still is overpriced as fk. There are many reasons to this but I won't count Elon Musk. I think Doge hype was created mainly people who wanna get rich quick. So Doge became stepping stone.

[Dump3er]

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.

Tesla accepts Dogecoin, and what if Elon one day says everyone buying a Tesla with Dogecoin gets 10% off. Is Dogecoin that still overpriced? Difficult question because for some weird reason Elon Musk can actually give that coin a tangible value. There could be a scenario where Tesla becomes the new superpower in the car manufacturing industry, and if that thing called Dogecoin is the key to getting a 10% discount, hell what's going to happen to Dogecoin? Imagine he says he is even going to burn the 10%! Then Dogecoin might make Elon even richer than his Tesla company already did.

Do you really trust that tesla will accept dogecoin transaction ? you should not be fooled by elon, he was just asking the the twitter poll. Even the result is more people say yes it doesn't mean he will really implement it in the future. He is just playing with new investors who don't know crypto. You could see his recent tweet saying like "baby doge bey doge", that means he is having fun playing with us

No you are wrong, one of his last tweets said Tesla will accept Dogecoin. As to the first one responding to me, yes, Dogeocoin in fact does derive tangible value if a Tesla costs 10% less with Dogecoin. If Tesla does turn into the biggest car manufacturer in the world, you can actually apply mathematics and see what Dogecoin could be worth. Take further into account my little fantasy that Elon says the 10% discount will also be burnt if paid in Dogecoin, how do the Dogecoiners say? Just wow! I am not saying he is going to do that, I am just saying he could! He can do anything with his net worth.

[wheelz1200]

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

Really with baby doge.  You do know how stupid that sounds right.  All of these clone coins will disappear as soon as we are in full bear mode.  Wallstreetbets got people money and in a couple moments wit will all vanish because of these stupid doge clones.  You missed the doge run its over.

[milewilda]

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

Really with baby doge.  You do know how stupid that sounds right.  All of these clone coins will disappear as soon as we are in full bear mode.  Wallstreetbets got people money and in a couple moments wit will all vanish because of these stupid doge clones.  You missed the doge run its over.

Missed  out ones doesnt mean its already over since there would be other chance but the question is on when? Chances or opportunities like on what we had seen on Doge did really need lots of years and i agree
on what you said that once you had missed out then consider it as a missed opportunity but doesnt mean its already over for you to make investment.
Clones would be surely dead once the bear market comes or even not, there's no sustain into those kind of coins and would be just good for pump and dump which
it is something not surprising into this market.Once a hype had been built then expect a barrage of similar clone coins hoping that they could get some marketshare.

[dark1234]

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

Really with baby doge.  You do know how stupid that sounds right.  All of these clone coins will disappear as soon as we are in full bear mode.  Wallstreetbets got people money and in a couple moments wit will all vanish because of these stupid doge clones.  You missed the doge run its over.

Missed  out ones doesnt mean its already over since there would be other chance but the question is on when? Chances or opportunities like on what we had seen on Doge did really need lots of years and i agree
on what you said that once you had missed out then consider it as a missed opportunity but doesnt mean its already over for you to make investment.
Clones would be surely dead once the bear market comes or even not, there's no sustain into those kind of coins and would be just good for pump and dump which
it is something not surprising into this market.Once a hype had been built then expect a barrage of similar clone coins hoping that they could get some marketshare.

for the doge it is still possible to catch up to the market but for the baby doge it is very vulnerable to cry, considering the doge came by luck and the clones might be as lucky as the doge, I hope so but it is very difficult for them to crawl forward without luck

[LUCKMCFLY]

Many have thought that Doge could go very low, but the truth has not fallen below 0.21USD, although now many expect some movement of the bulls of Doge is not yet clear, and the efforts of Elon Musk apparently have not been more efficient.

A break below $0.21 could open the doors for a decline to $0.15. This is an important support for the bulls because a break below it could result in panic selling. The DOGE/USDT pair could then drop to $0.10.

Source: https://cointelegraph.com/news/price-analysis-7-7-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-sol

In many technical analyzes they affirm that Doge is in a bearish trend even that it may continue to fall further, it is probable that now with all this it should still be expected, anything in Crypto can happen.

[CapGelatik]

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

Really with baby doge.  You do know how stupid that sounds right.  All of these clone coins will disappear as soon as we are in full bear mode.  Wallstreetbets got people money and in a couple moments wit will all vanish because of these stupid doge clones.  You missed the doge run its over.

Missed  out ones doesnt mean its already over since there would be other chance but the question is on when? Chances or opportunities like on what we had seen on Doge did really need lots of years and i agree
on what you said that once you had missed out then consider it as a missed opportunity but doesnt mean its already over for you to make investment.
Clones would be surely dead once the bear market comes or even not, there's no sustain into those kind of coins and would be just good for pump and dump which
it is something not surprising into this market.Once a hype had been built then expect a barrage of similar clone coins hoping that they could get some marketshare.

for the doge it is still possible to catch up to the market but for the baby doge it is very vulnerable to cry, considering the doge came by luck and the clones might be as lucky as the doge, I hope so but it is very difficult for them to crawl forward without luck

Don't have high hopes for coin memes because when it goes down it will be difficult to go up,
even though doge baby was horrendous but I'm sure it won't last long,
but we'll see if in the future there will be more surprises between dogecoin or doge baby

[Hendra gunawan]

in my opinion the price of doge is not overpriced.  When we look at the price of doge has increased very high.  From $0.03 to $0.06, although doge prices have started to fall.  But I'm sure the price of the doge could touch $1.  Moreover, Doge coins are widely used by people because the transaction fees are cheap and fast.

[Golftech]

in my opinion the price of doge is not overpriced.  When we look at the price of doge has increased very high.  From $0.03 to $0.06, although doge prices have started to fall.  But I'm sure the price of the doge could touch $1.  Moreover, Doge coins are widely used by people because the transaction fees are cheap and fast.

Widely used?  maybe the transaction fee is cheaper than Bitcoin or those other known coins

but if you'll be more practical, there are more crypto that have this same feature. Doge influence

belongs to pump and dump sets of people, more on hypes than usages without Musk this current

value may fall for more.

[onecall123]

in my opinion the price of doge is not overpriced.  When we look at the price of doge has increased very high.  From $0.03 to $0.06, although doge prices have started to fall.  But I'm sure the price of the doge could touch $1.  Moreover, Doge coins are widely used by people because the transaction fees are cheap and fast.

I don't know what else inspired you to say that the price of the doge could touch $1. According to my understanding, Doge has already done its thing. Although it's down now, it jumped a lot from where it started. Do not take the Dogecoin too seriously, the same thing won't always work.

[Abiky]

It makes me mind-blown to see this thread was opened in February. Dogecoin was and still is overpriced as fk. There are many reasons to this but I won't count Elon Musk. I think Doge hype was created mainly people who wanna get rich quick. So Doge became stepping stone.

Undoubtedly, Dogecoin's cause for hype has been mostly because of the "get rich quick" sentiment. Elon Musk has added "fuel to the fire" so you can see how fast DOGE rose from being worth nothing to cents (in USD) within a few months since the start of 2021. It'll all be over faster than you can imagine, since Dogecoin has no real use cases in the mainstream world. There are far better options out there on the market with cheaper fees, faster confirmation times, and innovative features.

Considering DOGE's huge supply, price per coin should be less than a cent (sub $0.01). Noobs will definitely regret themselves having invested into Dogecoin when it was in its ATHs once it goes all the way down the drain. Veteran crypto users like myself don't need to worry about Dogecoin's demise, since the pump brought big profit opportunities. I'm waiting until Dogecoin goes back to less than a cent to stack up some more coins for the next bull market run. Overpriced or not, it looks like Dogecoin will be here to stay thanks to its decentralized and open source design. Just my opinion

[SacriFries11]

Yes, it is overpriced because it was overhyped by Elon Musk. Because of Elon Musk’s popularity and influence it became hyped across the world. It just a pump and dump, when the price pumped, most of the large investors sold their dogecoin then after that it eventually go down. Unlike bitcoin, that is only limited to 21 million supply, dogecoin has unlimited cap on supply that can cause negative impact over time.