Does Dogecoin still worth to invest?

[seleme]

I really wonder what Dogecoin will do if we go into a bear market. I still think that it will recover as Elon Musk is still supporting it. If it weren't for his support, Dogecoin wouldn't have increased this much. So, I think it really depends on him for Dogecoin to reach even 1 dollar maybe.

Overall dogecoin is one of the shitcoins, we can not deny this fact. However, after Elon Musk's post, this coin has been preferred by a lot of people. Without the post, this coin has not no potential to be among the best projects. But it is just my opinion, to tell the truth, there are still some people who believe in the future of dogecoin and invest in this coin.

[Stalker22]

Could you tell me whether Dogecoin still worth to invest?

In my honest opinion I think not. This crypto-currency peaked a few days ago, but since then is already started to decline in value.

The value of Dogecoin is following an explosive momentum growth that cannot last long. Dogecoin is currently valued at $0.27. While this is a significant value, the fact that it managed to get as high as $0.43 is very impressive, nevertheless, this price is steadily decreasing. There is no reason to expect that Dogecoin will rise anymore over the next months and this is not what I would consider a good investment right now.

As far as I'm concerned Dogecoin is losing strength and it's questionable that Dogecoin will become profitable in the long-term.

[Viscore]

I really wonder what Dogecoin will do if we go into a bear market. I still think that it will recover as Elon Musk is still supporting it. If it weren't for his support, Dogecoin wouldn't have increased this much. So, I think it really depends on him for Dogecoin to reach even 1 dollar maybe.

Isn't Elon Musk the owner of this project, so we can't rely on him for the future of this coin but to expect it dumps badly just like before?
Reaching $1 is seems so hopeless, I don't understand why people still thinking about that and as the current situation speaks out, I suggest selling it now before it drops more.

And instead of thinking about buying more on Dogecoins because of Elon Musk's support, better to prepare your money for Bitcoin investment, not this coin.

[AmoreJaz]

I really wonder what Dogecoin will do if we go into a bear market. I still think that it will recover as Elon Musk is still supporting it. If it weren't for his support, Dogecoin wouldn't have increased this much. So, I think it really depends on him for Dogecoin to reach even 1 dollar maybe.

Isn't Elon Musk the owner of this project, so we can't rely on him for the future of this coin but to expect it dumps badly just like before?
Reaching $1 is seems so hopeless, I don't understand why people still thinking about that and as the current situation speaks out, I suggest selling it now before it drops more.

And instead of thinking about buying more on Dogecoins because of Elon Musk's support, better to prepare your money for Bitcoin investment, not this coin.

elon's support on this old coin is unpredictable. if the doge supporters is just relying on his support to increase its price in the market, then that is very dangerous. the doge team should do something from their end, now, that it is gaining attention from the community.
but if they will totally rely on elon's promotion, i dont think that is a sustainable approach. if elon got tired of tweeting something about doge, guess, the drop is imminent on this one. be smart on how you handle your portfolio.

[llecrf]

Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?

Nobody knows when the bullrun ends and if I do, then I'll buy more Dogecoin to store for a long time.
There are rumors out there expecting Dogecoin to hit $1 but looking at the current offering, I think that the $0.4 price is already high and a great price hit has been achieved with an ROI of over 400% in a few days.

[Hobo66]

I am hodling some cardano and I think XRP is a good investment, looking to buy in at some point. Also have made quite a bit on DOGE we are waiting to see what the next move is with that one. Elon tweeted this morning "what does the future hodl?" 🙂 He is a rich and powerful dude and I think he wouldn't be backing DOGE unless he knows something. It would really affect his reputation if it completely tanked and so many people lost so much. They would never buy a tesla or his solar panels etc. I kind of think he is the whale that holds the 28% of DOGE and he could buy another huge chunk to send the price up at any moment.

[dihari]

To be honest, I am still wondering why Doge still have its hype while it's not even have fundamentals. People just fomo-ing doge like something that really have a future business plan or use case. I am not against the doge raise, I mean, for how long you guys think Doge's price will always depend on elon musk's tweets?

[BuNga_cute]

I really wonder what Dogecoin will do if we go into a bear market. I still think that it will recover as Elon Musk is still supporting it. If it weren't for his support, Dogecoin wouldn't have increased this much. So, I think it really depends on him for Dogecoin to reach even 1 dollar maybe.

Isn't Elon Musk the owner of this project, so we can't rely on him for the future of this coin but to expect it dumps badly just like before?
Reaching $1 is seems so hopeless, I don't understand why people still thinking about that and as the current situation speaks out, I suggest selling it now before it drops more.

And instead of thinking about buying more on Dogecoins because of Elon Musk's support, better to prepare your money for Bitcoin investment, not this coin.

elon's support on this old coin is unpredictable. if the doge supporters is just relying on his support to increase its price in the market, then that is very dangerous. the doge team should do something from their end, now, that it is gaining attention from the community.
but if they will totally rely on elon's promotion, i dont think that is a sustainable approach. if elon got tired of tweeting something about doge, guess, the drop is imminent on this one. be smart on how you handle your portfolio.

I agree that if Dogecoin's increase depends solely on Elon Musk's support this is not a good thing and could be very dangerous for holders.
Because we don't know how long Elon Musk will promote Dogecoin, so we really have to be careful in choosing which coins to buy. It is possible
that Dogecoin will dump quite a bit at any time, therefore I am not holding a large amount of Dogecoin. I prefer coins with clear uses and also
have strong fundamentals. Like BNB and ETH, because much better to invest in both of these coins.

[crzy]

Its too risky for now since the whole market is correcting so you might get trapped on top if you do buy today, this could be a bull trap so be careful. Despite of being a meme token, DOGE was able to land on the top 10 in terms of marketcap and that could a good sign of being a good investment. The hype is huge on DOGE, it makes the price more volatile and risky, I suggest to wait for the price to go down before buying again.

[tanjiran]

I think it is very risky to invest in Dogecoin now because the price of this altcoin is very high, considering that the DOGE coin is a meme coin so it is not worth investing in right now, I am afraid that the DOGE coin will be discarded suddenly and you will lose, you should wait until the price drops first,

take my word, it's easy to manipulate. Imagine, with just a tweet, by a bigboy, prices immediately skyrocketed. without strong fundamental support, it will be very easy for a deep decline to occur. do not just because it became popular, then fomo, so panic buy at the shoots, there will only be sorry. With a coin model like this, technical analysis can not work properly, the price is uncertain, so it is better to be careful.

[hamba laeh]

Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?

I think you should immediately sell your Dogecoin because the price of Dogecoin is very high in the history that has been around since Dogecoin was launched.and this year I think Dogecoin has found the latest Ath so that the price of Docecoin will fall back to its original level.so my advice is not to buy Dogecoin for now

[Luqman]

Many hk people think that the bull market of Dogecoin is over.

Who can guarantee that Dogecoin bullish is over? No one can predict where the price of Dogecoin to go, whether to rise up or down. Of course, Dogecoin price has a chance to increase more, it totally depends on the demand and supply in the market. If there are more demands to buy Dogecoin in the market, the price will rise up again. Another reason to increase is good issues on Dogecoin, it probably can happen anytime. So, we cannot say if the increase of Doge price is over already.

[zulfi125]

Dogecoin was reached at a price above $0.42. After the downtrend was gone at almost $0.24 and today moving upward and now at the price of $0.27 after a 13% rise in price, I think Dogecoin still has good potential to make a good profit. I think you should invest in Dogecoin is worth able.

[Vinaa77]

Trading on Doge carries a high enough risk, make sure that you are prepared for this risk. Must have an accurate analysis, do not just follow the hype or tweet from elon musk. indeed the increase that happened to doge because of the tweet from elon musk. if there is fud on the doge I am pretty sure that in the future the doge will return to a deeper correction. therefore it must have good trading management

[MonaLeeTracy]

Trading on Doge carries a high enough risk, make sure that you are prepared for this risk. Must have an accurate analysis, do not just follow the hype or tweet from elon musk. indeed the increase that happened to doge because of the tweet from elon musk. if there is fud on the doge I am pretty sure that in the future the doge will return to a deeper correction. therefore it must have good trading management

The doge market is quite volatile, especially yesterday when there was an issue that the market was hacking the market underwent a big correction. doge has decreased by up to 50%. If you are interested in trading the Doge you should really use SL to avoid bigger losses. and use technical analysis. when elon musk tweeted the rise from doge was quite high but we never know if elon will make that tweet back anytime soon?

[bitkanu]

I really wonder what Dogecoin will do if we go into a bear market. I still think that it will recover as Elon Musk is still supporting it. If it weren't for his support, Dogecoin wouldn't have increased this much. So, I think it really depends on him for Dogecoin to reach even 1 dollar maybe.

Doge coin is very well known as a  toy for big names like elon. Despite the fact if elon was giving a lot of contribution to the price of doge and I should remind you that dude if the bearish market of bitcoin will much stronger compared with the shilling tweet by elon. I don't even think doge can reach $1 easily without the help from the big whales to buy a lot of coins from the circulating supply to be stored into the cold wallet.
Only more than 100 addresses already controlled a very big supply of dogecoin. This coin is easy to be manipulated.

[xSkylarx]

Even with the current price now I'm still afraid to buy it. I would rather risk my investment to other low cap altcoins there that has a real project and has a potential in the future. Dogecoin is just a memecoin with no use-case and the reason why it was really created was just for the sake of doge meme. Elon Musk made it popular from his tweets and because he has a large number of followers, many got interested in this coin, and some people posted about this on tiktok to hype it. They just bought it without knowing the background of the coin. If this bull season end, dogecoin could return to its original value and this could wreck many investors of this coin.

[litepool.ru]

Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?

Personally, I think the current market is really unpredictable, and there are already a lot of people already making profits from dogecoin. But why do people keep chasing a currency that has grown so great, I think by this point it's best to have safe options or maybe go looking for opportunities other better in the market.

[GeorgeJohn]

Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?

All the altcoins is good for investment, because I notice on my own that the most cryptocurrency investment that gives finance more faster is altcoins investment, mean while Doge going down does not mean it will not  accelerate in price again, this is just the beginning because it will go down to the initial point before increasing again by then people will loose interest in doge and few people that purchase now and hold will be more of benefit, so in summary  we have secure the one we have.

[Vaskiy]

Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?

Personally, I think the current market is really unpredictable, and there are already a lot of people already making profits from dogecoin. But why do people keep chasing a currency that has grown so great, I think by this point it's best to have safe options or maybe go looking for opportunities other better in the market.

I find the controversy of dogecoin with Elon Musk is still into discussion. Upon this there is more chance of dogecoin getting manipulated. Dogecoin has reached its peak, but even before the Elon Musk statement it is one among the cryptocurrency that has provided users with the best ROI. More the support from the high profile people more will be the growth. I find the same is there with dogecoin.