Will dogecoin drop to $0.2 again?

[Blitzboy]

If one Elon Tweet can push it 3x, and one laugh on a live TV show can reduce price by 36% immediately, and looking at the price today, can doge go to 20 cents or even 10 cents?

Absolutely. It won't even need Elon to laugh once this crypto rally falls apart.

But it can also to $1 within a day. What a shame! People are treating this coin whereas it is a toy. I could only watch this coin because it is such a joke to me. Even if it rises 10 more times, i would not care

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[kevindjunaidi]

Dogecoin is dropping. Will dogecoin drop to $0.2 again?

of course that can happen if the market experiences a deep correction (bear run), because if that happens then I believe all cryptocurrency prices could fall very far including the price of Dogecoin, but I see for now the market is still in a good condition and continues to increase, so I'm sure if the price of Dogecoin will be hard to get down at $0.2 again for now.

[darewaller]

I see for now the market is still in a good condition and continues to increase, so I'm sure if the price of Dogecoin will be hard to get down at $0.2 again for now.

But as of today dogecoin market is not showing any big up surge but trading full day in sideways which may lead to either one like we may see another strong bull in coming days or sudden correction toward immediate support levels which may lead to falling around 400 satoshi levels. As of now both are having equal possibilities as trading volume is diminishing in most of reputed exchanges.

looking at the price today, can doge go to 20 cents or even 10 cents?

Anything seems possible as of today. We need to remember that any coin going up rapidly might fall more aggressively. So, being prepared will help to face any kind of situations too.

[NorvsGanda]

If that will happen, a lot of people will lost their income but a lot of people also eill benefit from that dump. I am seeing some people who are patiently waiting for doge to dump so that they can finally all in their assets and buy doge in a dump market price.

If you look at the current price of Dogecoin which continues to decline, it seems likely that the Dogecoin price will fall back to the price of $ 0.2 again.
Maybe when Dogecoin hit the ATH price of $ 0.7, many holders took profit, and therefore the Dogecoin price now fell to a price of $ 0.4. I agree with
you, there are still many investors who are waiting for the price of Dogecoin to fall, in order to buy Dogecoin at a low price. Because many people
know Dogecoin will rise again as long as it still has the support of Elon Musk.

Actually as of now it is not really clear why doge dumped few days ago. If you will check the wallet of the top holders of doge, they did not move any amount of it, they did not sell any doge. Yeah a lot of people knows that doge is a pump and dump coin so that is why they are waiting for it to dump because they know that it will pump again and that is when they can take their TP.

[wheelz1200]

Dogecoin is dropping. Will dogecoin drop to $0.2 again?

It sure can pretty easily too.  I don't think it will anytime soon with elon forging ahead trolling the world with doge tweets but with the astronomical rise a pullback would almost be natural.

[makishart]

It will never again. The hype around doge is too strong for the bearish trend to happen. When doge was going down and elon was always creating a news or FOMO from his tweet.
Elon knows about what should he do for the doge coin. 20 cents is a very difficult rate to be seen again consider doge coin is really strong right now.
Im thinking about the opposite thing may happen and then doge will have surpassed 80 cents very soon.
The power of billionaire.

[philipma1957]

Dogecoin is dropping. Will dogecoin drop to $0.2 again?

Sure  20 cents is pretty high for a coin that was under 1/2 cent last summer

[Kemarit]

Dogecoin is dropping. Will dogecoin drop to $0.2 again?

Sure  20 cents is pretty high for a coin that was under 1/2 cent last summer

You give me a good chuckle mate, but this is so true, it doesn't have any value until Elon shills for Dogecoin and then many investors join the bandwagon push it to $0.70 and who knows what's there plan on Doge.

So it's possible that the price might drop hard once this manipulators sold of their stash to make profits for them. And the one that are trap? gonna be a rude awaking.

[southerngentuk]

It is possible that it will leave at that price point any time, but I don't think the game will end so easily. And its holders will try to push the price above $1, and then we will see the doge bubble collapse.

[husencoe]

Dogecoin is dropping. Will dogecoin drop to $0.2 again?

I think it might even be worse.  The reason rising DOGE is not because they developed create new technology in their system, but only because of a billionaire's tweet which I think lasted only for a few moments.  I guess people just get stuck with Elon Musk's statement and then make their corrections and eventually everyone gets tired of it and it's done.

[slaman29]

If one Elon Tweet can push it 3x, and one laugh on a live TV show can reduce price by 36% immediately, and looking at the price today, can doge go to 20 cents or even 10 cents?

Absolutely. It won't even need Elon to laugh once this crypto rally falls apart.

But it can also to $1 within a day. What a shame! People are treating this coin whereas it is a toy. I could only watch this coin because it is such a joke to me. Even if it rises 10 more times, i would not care

Ah it's not a shame. Crypto has always been full of pumpers and memers and speculators. I enjoyed dogecoin as well myself, but too bad not to the extent it has gone in the last few weeks and months. So long as we all know what the real deal is, and we don't get hurt, I think it's fine. The sad thing is, not everyone does, and a lot of people will get hurt by doge:(

[CutePanda]

I also think the same thing as u do, because this coin (DOGE) really going down for a quite long time these days, i think it's all because there are too many people already bought this coin, there's a high possibility that dogecoin can drop to $0.2 again, but for a long-term investment, i think dogecoin can bounce back to $1 soon in the near future.

[Hobo66]

Dogecoin is dropping. Will dogecoin drop to $0.2 again?

No one know the future of cryptocurrency. Dogecoin has not grown with its potential it has increased due to hype. So no one can predict what will its future price.

[RbiggerG]

Dogecoin is dropping. Will dogecoin drop to $0.2 again?

I think it might even be worse.  The reason rising DOGE is not because they developed create new technology in their system, but only because of a billionaire's tweet which I think lasted only for a few moments.  I guess people just get stuck with Elon Musk's statement and then make their corrections and eventually everyone gets tired of it and it's done.

they are bored because they think this coin is a joke, but it is undeniable that this time there is more frequent decline against Dogecoin, it could be that in the near future Dogecoin will experience a significant decline again.  Elon will certainly rearrange his strategy when Dogecoin is in decline

We don't know how many Dogecoins Elon Musk has. If he has a lot he either will accept to lose a lot or he puts even more money in to drive the price up and sell into the increase or stabilize the price. But Dogecoin is worth so much that even Elon would have to liquidate other assets to keep going. He said he is all in on Tesla and he won't sell equity in order to pump Dogecoin.

[South Park]

Dogecoin is dropping. Will dogecoin drop to $0.2 again?

That is always a possibility, dogecoin has experienced a drop larger than 30% on the last 24 hours and this was to be expected, we have been warning people that dogecoin was in a bubble and there was no fundamental reason for its increase in price, but people do not want to listen, they thought they could earn some easy money with the coin and now they are paying the consequences, and a price of 0.2 dollars for each dogecoin seems realistic to me especially if people begin to panic.

I think the reason why many people kept on hoping that dogecoin would continually do better is because of Elon Musk's advertisment. Little do they know that the bubble may pop out anytime and the value may drop hard all of a sudden. There's nothing wrong on deciding to trust a certain coin, the only problem is when the coin you are supporting is obviously going to fail but you have been blinded by its popularity and achievements and you keep up with that routine. Be smart upon observing, you might experience the worst or the best with your decision making.

It is just common sense and yet people are blinded to it, I do not see anything wrong with a person that invested in dogecoin thinking about making money since that is what every trader or investor wants to do, but they need to do this with their eyes open and realize that at the first indication there is something wrong with the coin they need to sell and yet I am sure that when the time comes they will panic and keep holding their coins and endure all the crash that will come and they will have to hold their coins for years just to breakeven.

[blackened515]

I also think the same thing as u do, because this coin (DOGE) really going down for a quite long time these days, i think it's all because there are too many people already bought this coin, there's a high possibility that dogecoin can drop to $0.2 again, but for a long-term investment, i think dogecoin can bounce back to $1 soon in the near future.

The purpose of every coin is to bounce back from initial price to the highest then it becomes expensive for the poor to buy, the most expensive coin btc today started like this that's everytime is a good opportunity to buy a coin and buy more when it falls, doge coin will fall and rise as unexpectedly because the market is unpredictable, it's not proper to down look a project, doge is doing great keep following her memecoins as they are trending now.

[Mahdirakib]

I also think the same thing as u do, because this coin (DOGE) really going down for a quite long time these days, i think it's all because there are too many people already bought this coin, there's a high possibility that dogecoin can drop to $0.2 again, but for a long-term investment, i think dogecoin can bounce back to $1 soon in the near future.

Choosing dogecoin for long term investment is a bad idea at this point. It has already reached so high which was more than expected. BTW, dogecoin have no maximum supply limit. Currently dogecoin have higher demand and we all know that it happened for manipulation. But it won't stay same always. Huge amount of coins are getting added in Circulating supply of doge every year. Doge price may drop below $0.2 in near future if big whales stop playing with it. And in long term it has higher possibility to go down more.

[LUCKMCFLY]

I think that the price of Doge will not reach 0.2USD again for now, because although the market is at the moment that the BTC has a fall of more than 10%, Doge has remained there at its normal levels, in fact You might have a good time now if Elon Musk tweets to boost the price:

The buyers are attempting to defend the 61.8% Fibonacci retracement level at $0.38 but they are facing stiff resistance at $0.45. If the price turns down and plummets below $0.35, the DOGE/USDT pair may drop to the 50-day SMA ($0.25).

Source: https://cointelegraph.com/news/price-analysis-5-13-btc-eth-bnb-ada-doge-xrp-dot-bch-ltc-uni

Doge can burst at any moment with a good price, Elon Musk has strategies under which he has many traders and investors thinking about what his next move will be.

[ene1980]

Doge can burst at any moment with a good price, Elon Musk has strategies under which he has many traders and investors thinking about what his next move will be.

Everyone is giving Elon Musk undue respect and he is manipulating the markets for a long time. Do you think he has strategies when making these tweets, i highly doubt whether he was planning everything before hand when he started his market concentric tweets but now it has grown to a different level and may be you are right.

I personally think that the price would settle back to $0.2 and i really want that to happen because whenever you feel like gambling you need one coin with low valuation to have some fun time without worrying about loosing a fortune .

[South Park]

I also think the same thing as u do, because this coin (DOGE) really going down for a quite long time these days, i think it's all because there are too many people already bought this coin, there's a high possibility that dogecoin can drop to $0.2 again, but for a long-term investment, i think dogecoin can bounce back to $1 soon in the near future.

Choosing dogecoin for long term investment is a bad idea at this point. It has already reached so high which was more than expected. BTW, dogecoin have no maximum supply limit. Currently dogecoin have higher demand and we all know that it happened for manipulation. But it won't stay same always. Huge amount of coins are getting added in Circulating supply of doge every year. Doge price may drop below $0.2 in near future if big whales stop playing with it. And in long term it has higher possibility to go down more.

Choosing any altcoin for long term investment is a bad idea at any point, I know that people see altcoins and they want that huge growth and profits for themselves but altcoin seasons are very short on its duration, being many time shorter than bitcoin bull runs, and the possibilities that you enter too late and you lose money are huge, which is why it is better to not play and remain invested in bitcoin even if you do not get as huge profits as you may like.