Does Dogecoin still worth to invest?

[CoinFoxs]

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?

The bull run of dogecoin is not over some of the known crypto tycoons predicted that dogecoin will reach 1$ milestone in near so there is still a chance to get some good profit but this is crypto world so anything can possible in this world. There is a risk associated with crypto related investments so do more market research and then choose a coin for investment wisely.

[1713492682]

1713492682

[1713492682]

1713492682

[1713492682]

1713492682

[1713492682]

1713492682

[eaLiTy]

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.

Doge was popular with cryptocurrency users but for anyone who is not familiar with the market Elon Musk gave the launching pad and i am sure many invested because of the hype he created and then the institutional investors might have joined in to pump the market, if not we will not see the level of movement in the valuation.
Either way i wont be purchasing any coin until we see a major correction.

[tarable]

Didn't you see a correction? At its peak, the price of $ 0.43 is now $ 0.27. Of course, the price may be lower, but in my opinion it is too late to invest, you should not expect huge profits.

Actually it's not too late if there are still people who want to invest in Dogecoin, because after correction there will usually be a further increase even though everyone won't know when it will happen again, so what needs to be considered in this case is the size of the risk when someone chooses Dogecoin for the investment.

[fullhdpixel]

Actually it's not too late if there are still people who want to invest in Dogecoin, because after correction there will usually be a further increase even though everyone won't know when it will happen again, so what needs to be considered in this case is the size of the risk when someone chooses Dogecoin for the investment.

Yeah there are people still speculating about dogecoins to be reaching $1 price level in coming days. Probably it has stopped its rally right now because bitcoin market is not into bullish trend like before which may be the reason why people started suspecting about continuing investing with dogecoins. But, honestly I'm not having any doubts about the future of dogecoins because it is backed by billionaires.

When there are people for continuously pump dogecoins, I guess we can invest with it without any big hesitations. But, obvious plan for long-term holding that will help even on the occurrence of unexpected events.

[Asuspawer09]

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 guess it is worth a try to invest in DOGE coin and potentially could give you a good profit even in short-term investment.

With my assessment of the DOGE coin market once it already reaches a certain price in the market it seems to stay in that market price and most of the time it doesn't just dump big time.

A lot of people are expecting the market price of the DOGE coin to drop big time just because of the recent pump but it doesn't I'm assuming investors are seeing a huge potential to this coin and expecting it to reach 1$ in the future so I guess it is really possible and we could easily make a good profit from it.

[asriloni]

At its peak, the price of $ 0.43 is now $ 0.27. Of course, the price may be lower, but in my opinion it is too late to invest, you should not expect huge profits.

It's not only too late but it's also very high risk to invest in a coin that can be dumped anytime by the whales who have been buying the majority of supply. people should know more about the risk by investing in the doge coin right now.
A few addresses that controlled a lot of supply. That means if the risk for these addresses to send all of the doge coins to the exchange site will always there.
Remember that if doge coin has unlimited inflation as well and that makes the decision to invest in doge coin is even worst.

[rosebrand]

With a clear understanding I can say Dogecoin is just a meme coin which got no use case like it's coin has nothing which backs it up, just the shilling of Elon musk and other big guys. The reason for the pump of this token is just based on the hype, without this hype believe me this token wouldn't have moved so high, for me i wouldn't really advise anybody to invest in Dogecoin for the long run, for sure the bull run is still there and also the hype is still there which is surely the coin will still pump from this deep but like I said for me i won't advise anybody to hodl this token for the long run.

[arifteguhr]

With a clear understanding I can say Dogecoin is just a meme coin which got no use case like it's coin has nothing which backs it up, just the shilling of Elon musk and other big guys. The reason for the pump of this token is just based on the hype, without this hype believe me this token wouldn't have moved so high, for me i wouldn't really advise anybody to invest in Dogecoin for the long run, for sure the bull run is still there and also the hype is still there which is surely the coin will still pump from this deep but like I said for me i won't advise anybody to hodl this token for the long run.

Indeed, the level of risk for Doge is quite high even though it is now in a position above Coinmarketcap, but if there are negative tweets from Elon Musk, the price of Doge can be sure to experience a big decline again. After the 10% bitcoin dump last week we could see Doge coin correction over 40% in a very short time. trading like this carries a high enough risk. I myself prefer not to invest in Doge because the increase is quite high

[iTradeChips]

In my own opinion, the only good thing about Doge is that it has made some of its committed followers very rich. I mean there is no doubt that as long as people will talk about the DOGE and they continue investing, then surely more pumps will happen and its price will continue to soar high but not that high. We need to decide on ourselves whether or not we invest in DOGE, but many here are already saying not to invest fully in DOGE. This is a fun meme coin, nothing else.

[Sithara007]

There are a few issues that needs to be addressed, if you want to invest in Dogecoin. Keep these in mind:

1. It is a shitcoin, and in terms of technology it is at least a decade behind the other cryptocurrencies.
2. It is overpriced by a factor of 1,000x or more.
3. The acceptability and adoption remains much lower when compared to the other  cryptocurrencies.
4. Most of those who invest in Dogecoin are unaware of it's history.
5. It is one of the most volatile cryptocurrencies available in the market.

[Farma]

In my own opinion, the only good thing about Doge is that it has made some of its committed followers very rich. I mean there is no doubt that as long as people will talk about the DOGE and they continue investing, then surely more pumps will happen and its price will continue to soar high but not that high. We need to decide on ourselves whether or not we invest in DOGE, but many here are already saying not to invest fully in DOGE. This is a fun meme coin, nothing else.

you are right. the fact is that the price of doge is very high nowadays, and many people have become rich because of it. lots of people want to feel that way, and invest in doge too. although I think that right now if there is a decline, the price of the doge will return low, but the decision to invest or not lies in the way we look at it. Personally, I don't own a doge, and won't buy it for now. I only focus on coins with a clear development like ETH or BNB.

[bakasabo]

I think that dogecoin lives only thanks to Elon Musk. If not him, it would have been swallowed by market long time ago.
As long as Elon like and wants to make jokes out of cryptocurrency market, he will hype dogecoin and it will have some value. As soon as he is tired of games, dogecoin value will rush to zero. Answer is simply, follow Elon Mush twitter and his mood, buy dogecoins in small amount on price reductions (like current) and be ready either to quickly sell your dogecoin or lose everything invested.

[Fivestar4everMVP]

I think as bitcoin continues to grow, it creates room for other coins in the market to grow as well, so when we look at it from this perspective, I think there's still room for doge coin to grow, and also with the fact it's been promoted by someone the crypto community respects, this is in the person of Elon musk, I think as long as he continues to shill the coin, then theres a room for more growth.

But speaking for my personal self, I will never take my money near where dogecoin is, cus I've leant one thing which I think is very valuable, and this is, that a coin grows doesn't mean it's good for investing in, dogecoin to my own understanding have no valuable technology backing it at the moment except for the community of supporters and Elon musk, investing in this coin is too risky for me.

[poodle63]

Investing in cryptocurrency will give us an advantage. but we don't just buy at the current price without financial management so that we avoid the risk of greater losses. The price was bullish as it is now if you are making long term investments you should really consider the analysis techniques. because the price has experienced a high increase since the last 3 months and has not seen a correction in the market.

Didn't you see a correction? At its peak, the price of $ 0.43 is now $ 0.27. Of course, the price may be lower, but in my opinion it is too late to invest, you should not expect huge profits.

Despite of the massive dump about 50% it's still quite good that doge actually could have its "new" normal price of $0.27 nowadays, back in the past that kind of price is already called dreamy by most of people but it's true though it could be too late to invest because frankly doge doesn't have anything special from it that could helps it pumps its own price to another height. At this point doge is only suitable for those kind of people who likes pump and dump or rather volatile market that they could make profit off. The price is too high indeed but anything could happen not to mention with the help of elon to shill it.

[junkerr]

I think as bitcoin continues to grow, it creates room for other coins in the market to grow as well, so when we look at it from this perspective, I think there's still room for doge coin to grow, and also with the fact it's been promoted by someone the crypto community respects, this is in the person of Elon musk, I think as long as he continues to shill the coin, then theres a room for more growth.

But speaking for my personal self, I will never take my money near where dogecoin is, cus I've leant one thing which I think is very valuable, and this is, that a coin grows doesn't mean it's good for investing in, dogecoin to my own understanding have no valuable technology backing it at the moment except for the community of supporters and Elon musk, investing in this coin is too risky for me.

actually, every coin on the market has its own character. we can't say bitcoin gets all the other altcoins at their pump. as we have also seen bitcoin make a pump but it has no impact on the altcoins in the market.
doge has an extraordinary opportunity. yesterday we saw the correction taking place in almost all markets. but doge casually made the pump and its price stabilization.
what really happened to Dogecoin? what was once an insignificant asset is now being talked about a lot due to the high pump that has driven Dogecoin's price many times over.
like you, everyone will have their doubts about Dogecoin. but some people will also follow the FOMO that is happening in the market.

[jinxing]

although recently Dogecoin has experienced a decline, this Altcoin has shown its potential to all of us, because so far many consider Doge as a joke coin that is considered normal, precisely from its uniqueness a large mdal owner like Elon is able to boost its reputation, so that it can reach Ath new this year

[Alanaz]

When we talk about this coin, I actually don't believe a little when the doge that coin joke can soar in price that several times it reaches new ath.
actually I really want to contribute and invest there, but I think again after seeing what is happening right now.
of course we all know that doge can be so zipped up to new ath thanks to a tweet from a billionaire, and i think if elon stops pumping doge i'm sure it will end and there will be no hope for doge because it's like a time bomb depending on an elon musk to do What.

[sulis sudibyo]

all coins with a large market cap are worth investing in, so there's no need to worry about doges. especially now that Doge has loyal fans, and this coin is not underestimated. Elon Musk also thinks Doge is a good crypto and can be paired with Bitcoin or others. but for the time being I suggest don't buy just yet, wait for the market to show a better situation.

[tarable]

although recently Dogecoin has experienced a decline, this Altcoin has shown its potential to all of us, because so far many consider Doge as a joke coin that is considered normal, precisely from its uniqueness a large mdal owner like Elon is able to boost its reputation, so that it can reach Ath new this year

Yes, this cannot be denied by everyone at this point in time, but we also need to realize that if only one person is able to boost Dogecoin to the top, then the resistance will not be that strong, you can see how long it will take when Dogecoin is at the ATH price, I only saw this one day, after the downturn always happened to Dogecoin.

[darewaller]

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?

Doge has seen more increase and in a month it has reached over 400% increased, so it’s quite possible that those whales who are pumping it might start selling their dogecoins to get their profit, because that is already a huge profit for them. The price has slowly started going down , but whether this is the end or not is what I can’t tell you.

But, if you have gotten enough from your dogecoin investment, especially if you’re among those that started with this year’s hype and invested when the market was very low, then this will be a good time to get off now that you have gotten enough.