Dogecoin prices are INSANE

[Abiky]

Dogecoin, the cryptocurrency that was meant to be a joke has finally crossed the $0.10 mark. It came to an ATH of $0.25 per coin a while ago. It seems that the hype is still surrounding the cryptocurrency, as Elon Musk continues to "shill" it across social media platforms. Who'd knew that a hyper-inflated cryptocurrency would be worth so much money? People are blindly investing into something that's meant to be worthless in the long run. Instead of doing their own research about the coin, they simply invest based on hype. Who knows how far the "meme" cryptocurrency will pump in this wild and crazy world of crypto?

Do you think Dogecoin's current prices are insane? If not, why? Will Dogecoin last after the hype fades away? Is it a good time to buy more DOGE? Or should you wait until the dust settles? Your input will be greatly appreciated. Thanks in advance.

[semobo]

Do you think Dogecoin's current prices are insane? If not, why? Will Dogecoin last after the hype fades away? Is it a good time to buy more DOGE? Or should you wait until the dust settles? Your input will be greatly appreciated. Thanks in advance.

It is overvalued at the moment in my opinion so this is not the right time to buy unless you already made good chunk of profits from Holding doge for long term and you want to invest some of the profits back into the coin.

It is a good coin so there is no doubt in it but it became one of the highly manipulated coin by rich people link Elon so I will say stay away from it until you see a huge dip.

[ashmodeus]

eventhough now its totally overvalue , the holders from previous ERA seems no interest to load their bag, more than it, i just saw new rich address has born today, approximately about 2.57% from total supply has arrived to this address in a single transaction, which probably its still undervalue.

[akirasendo17]

I think the price is just a pump because of the news circulating, and the cryptic tweets by Elon, that push the price, but other than that there is no significant development happening for the coinn, aside from wallet core development they are still far from developing into something like payments and functions to the blockchain that I think will soon be taken into action, other than that it's just because of the hype.

[ipanks]

I think the price is normal because the price got a tweet from Elon, which helps the price get a pump from many people. The result is that people make a big profit and still hold Dogecoin and wait for the next high price. I think I will wait for more to buy Dogecoin because the price now already higher. I think it is better to move to the other coins which have the same potential to increase.

[Jackl87]

Dogecoin was always meant to be a meme-coin and it shows how much power the community can have to bring this project up into the top 6 of all crypto projects in terms of market cap. So i guess if people find Dogecoin attractive, likeable and just want to be a part of the project and own some Dogecoins themself than i don't see a big problem in that. What worries me more are the numerous new meme coins that emerged during the last days. Just look at the trending coins. Shiba, Akita, Sakura, Snoopy, Husky, i mean what the hell is going on there and who is investing in those projects?

[gurunanakji777]

Yes, one should not follow blindly anyone. We should also see that no one's selfishness is hidden in it. It should not happen that he leaves with a profit and all else is lost due to the hype created by his tweets. Its always good to do your own research to buy a coin that has real potential and should not be like a pump and dump coin even I don't have much trust in Dogecoin. I won't take the risk to buy Dogecoin at a high price because it can reverse up to that level that can not be expected. In my opinion, it will fade away after the hype.

[WalkerIVIV]

I think that the price of dogecoin is overvalued at this moment and that's awesome. Im thinking about the hype of doge coin will be last long. The doge coin could be dumped anytime but since more and more big players are entering into the doge coin for long term investment and that was creating a big hype.
Doge coin was going so crazy dude.
Bad or good time to invest in doge totally depend with your analyzation. IMO this is bad time to invest in doge at high price.

[Cappex]

the price of Dogecoin is not good for the market and the image of other projects, many people will be disappointed but I hope they will be motivated to do the necessary research to improve future investments.

[cryptoknightt]

That is if you want to profit instantly by taking advantage of sensations. For me this is not the time to buy a doge, as you question I totally agree if doge is only in a time of sensation because the richest mann today always bring it up, this is called the power of a name like advertising because doge today is crazy !~!!!!.

[Looper_U]

It's too overvalued right now, I don't just understand why musk is pumping this coin where we have LTC and few others, I got so scared of investing on this coin because I feel like it doesn't deserve it's present value, what is musk trying to gain here? Someone have a clue?

[billy.ryoko]

In my opinion, Dogecoin is overvalued than other altcoins, no project, no use case in the market, who know the big whale control the price behind the market, if you buy it in last year, you can earn the money, anyway, stay away from this coin. 

[blockman]

It is insane. The supply is 129 billion and that's sure a lot of dogecoin's that has been circulating but as long as it's sustainable because it keeps growing.
There will be more wealthy people from investing in Dogecoin but for those new players, they'll find it hard to keep up.

[Altcoinsintel]

Dogecoin was meant to be a joke, and is now an even bigger joke, with some randoms flocking in and entering any livestream no matter if it is about games or politics and asking questions about Dogecoin.
I don't know if this is a sign of a bubble and if the market has reached the tipping point. It could inflate more as stupidity is undrated.

[dificanovi]

I think Dogecoin has very good potential, I think in the future the Dogecoin price will definitely continue to rise. if you want to buy Dogecoin, it's better to find the right time, for example when the Dogecoin price has decreased a little, then buy Dogecoin at a time like this. I have been paying attention to Dogecoin for a long time, at that time I thought that the price of Dogecoin would go up someday and now it has been proven that the price of Dogecoin has been much more expensive than the previous years.

[Abiky]

It is overvalued at the moment in my opinion so this is not the right time to buy unless you already made good chunk of profits from Holding doge for long term and you want to invest some of the profits back into the coin.

It is a good coin so there is no doubt in it but it became one of the highly manipulated coin by rich people link Elon so I will say stay away from it until you see a huge dip.

Dogecoin is extremely overvalued. But people don't care about this, since they're only thinking about filling their pockets with money in the least time possible. The "FOMO" sentiment will make many people regret themselves in the long term. Dogecoin was never meant to be used as a serious cryptocurrency in the first place. The huge inflation tells us that DOGE should be a worthless cryptocurrency with no future. If devs would've wanted Dogecoin to be used seriously, they would've eliminated the inflation mechanism of the cryptocurrency in the first place. Honestly, people don't know what they're doing these days. They're just driven by someone else's comments across social media. Elon Musk might be praising Dogecoin for his own financial benefit. No one knows what his true intentions are.

Nonetheless, it's a wild and crazy world we're living these days. Crypto has been crazier than ever, as people invest into the most unimaginable things just to make a quick buck. It may all go down the drain once hype comes to an end. How far Dogecoin will go will greatly depend on market demand. Don't expect Dogecoin to be a valuable cryptocurrency in the long term. A price below 1 cent should be the real value of a Dogecoin because of the reasons mentioned earlier. Just my thoughts

[ntb85]

I'm really obervative about this coin i owned 5 years ago because it was fun. i had a loooot of these, and it was worthless.  i ended up selling it for real coins, and never expected the fame coul go so high about a little doggy. I'm now 100% sure this market is pure speculation and manipulation and this is a tulip ponzi coming on all people jumping in now.
I woul say a good price for doge is 0.1 cent and i wouldn't even buy it excpet to send a few to some friends for fun maybe. no more, and not holding it.
Be careful of crypto traps

[raji1995naya]

The supply is 129 billion, which is a lot of dogecoins in circulation, but as long as it's viable and it keeps expanding, it should be fine.
There will be more rich citizens who trade in Dogecoin, but newcomers will find it difficult to keep up. Dogecoin was out of control, dude. If it is a bad or decent time to invest in doge is entirely dependent on your analysis. 

[Xcode7]

This is really crazy at the beginning I know Dogecoin only has a price of $ 0.0028, now Dogecoin can reach a price of $ 0.7. It is truly extraordinary that Dogecoin can pump up to this size, with a price of this size investors have already made a big profit. but I believe Dogecoin can still pump more than this and will be crazy in the future. but for now for beginner investors the price is fairly high, and my advice for investors is not to be tempted by the current coin price and keep the coin in the future.

[oioi]

The increase in DOGE coins is indeed very large for a meme coin, but seeing that an altcoin that was only used as a joke can have a very high value,

which can be interpreted as cryptocurrency even though it is just a joke coin if it has a strong community it will definitely be could raise an altcoin

that has a low selling value.