Will dogecoin drop to $0.2 again?

[MiF]

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

Dogecoin I snow 0.24$ so the answer is yes. For now solana has overtaken Dogecoin in terms of market capitalization base on the records. But I think Doge will still rise back soon and based on the market situation altcoin is now still in down at price because it is being affected by the falling of the btc price, and if btc will become bullish again altcoins will surely rise also.

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[wmaurik]

Probably new ATH wouldn't be a case for few months, so  I also expect flat charts on both markets. After the correction of current uptrend correction, the price can go back to the highest possible level, IMHO.

I'm also thinking about the same thing as you said, because during a market correction all coins are difficult to move up and after that is over, I'm also very sure that the Bull trend will reappear even though it hasn't entered the turn of the year.

[mamesso]

Probably new ATH wouldn't be a case for few months, so  I also expect flat charts on both markets. After the correction of current uptrend correction, the price can go back to the highest possible level, IMHO.

I'm also thinking about the same thing as you said, because during a market correction all coins are difficult to move up and after that is over, I'm also very sure that the Bull trend will reappear even though it hasn't entered the turn of the year.

In fact it's happened often, after the correction occurs the crypto market will show a positive trend. A smart trader who sees an opportunity will take advantage of the opportunity for a correction to get a coin at a low price and will resell it when the positive trend is back. To get maximum results, traders will usually buy some coin that have high capitalization, while for dogecoin, it would be very difficult to increase again as it had been a while ago, if that happens it will take a very long time.

[marcous]

Investment involves purchasing an asset or security with the hope of generating certain returns in the future.
On the other hand, speculation involves an element of risk in a financial transaction.
An investor who purchases a speculative investment is likely focused on price fluctuation.  Dogecoin may not drop because it is an investment.

Why can't Dogecoin fall? because every coin that can be invested will always fall in price unless the coin is stable, so the reason you give is a little unclear because of a very common thing everything can fall in price for some reason in the market.

[GreenStox]

it could be as low as $0.1 . doge was just a coin toy before Elon musk made the coin increase rapidly before. but it's all over and nothing to make me think of going back up again.

[2tang]

it could be as low as $0.1 . doge was just a coin toy before Elon musk made the coin increase rapidly before. but it's all over and nothing to make me think of going back up again.

It will be very difficult to go back again, because basically Dogecoin is a coin for fun in terms of just a moment and not intended for the long term, so it will be very difficult to go back to what it used to be in Dogecoin, because so far Elon Musk is no longer say about Dogecoin.

[Rana590]

it could be as low as $0.1 . doge was just a coin toy before Elon musk made the coin increase rapidly before. but it's all over and nothing to make me think of going back up again.

I don't think it will go back to very lower easily. If it happens, it will take more time. It's not only now on Elon Musk, it has a great community. Though it was just a meme coin but people are trusting and believing in doge coin at this time. I hope the price of doge coin will be growing more in upcoming days.

[seleme]

Probably new ATH wouldn't be a case for few months, so  I also expect flat charts on both markets. After the correction of current uptrend correction, the price can go back to the highest possible level, IMHO.

I'm also thinking about the same thing as you said, because during a market correction all coins are difficult to move up and after that is over, I'm also very sure that the Bull trend will reappear even though it hasn't entered the turn of the year.

The power of bullmarket will show the real altcoin season and prices will jump minimum 600%.

[wmaurik]

In fact it's happened often, after the correction occurs the crypto market will show a positive trend. A smart trader who sees an opportunity will take advantage of the opportunity for a correction to get a coin at a low price and will resell it when the positive trend is back. To get maximum results, traders will usually buy some coin that have high capitalization, while for dogecoin, it would be very difficult to increase again as it had been a while ago, if that happens it will take a very long time.

Dogecoin will only rise when market conditions have completely recovered completely or 100%, because Dogecoin is a meme coin that has a lot of supply so that when some investors have dumped it in the market it will be very visible and felt in the price even though the capitalization is high in the stock exchange.

[lepbagong]

In fact it's happened often, after the correction occurs the crypto market will show a positive trend. A smart trader who sees an opportunity will take advantage of the opportunity for a correction to get a coin at a low price and will resell it when the positive trend is back. To get maximum results, traders will usually buy some coin that have high capitalization, while for dogecoin, it would be very difficult to increase again as it had been a while ago, if that happens it will take a very long time.

what you say is indeed a benchmark for crypto movements, always after a correction there will be an increase, where during the correction we can sort out the coins we will buy. because analyzing first is one way not to disappoint later. it is true that the market capitalization of a coin shows the ability and number of investors who make the coin something that is traded and will definitely increase.

but a coin that increases only because of sensational news that makes the coin increase rapidly, obviously cannot be used as a good investment because after the big rhetoric it will become dim and one of them is coin doge.

Dogecoin will only rise when market conditions have completely recovered completely or 100%, because Dogecoin is a meme coin that has a lot of supply so that when some investors have dumped it in the market it will be very visible and felt in the price even though the capitalization is high in the stock exchange.

indeed it would be difficult to expect anything from coin doge which increased due to a momentary push by @elonmusk, without making changes from management to develop and provide support from previous profits. if you only rely on the news then after the news fades then all will also be lost carried with him. Moreover, we know that @elonmusk did not make any purchases on coin doge so there is no good financial support behind it.

[peter0425]

In fact it's happened often, after the correction occurs the crypto market will show a positive trend. A smart trader who sees an opportunity will take advantage of the opportunity for a correction to get a coin at a low price and will resell it when the positive trend is back. To get maximum results, traders will usually buy some coin that have high capitalization, while for dogecoin, it would be very difficult to increase again as it had been a while ago, if that happens it will take a very long time.

Dogecoin will only rise when market conditions have completely recovered completely or 100%, because Dogecoin is a meme coin that has a lot of supply so that when some investors have dumped it in the market it will be very visible and felt in the price even though the capitalization is high in the stock exchange.

Best to answer that Dogecoin will only recover if there is another group of whales that manipulate this coin.
but if there's none? then dumping will continue .
now doge is nearly falling below 20 cents so what more in the next days?
Meme coins has no future at all, that is my 2 cents.

[naikturun]

depending on the current bitcoin price, because the market is down then the price movement will be fully controlled by bitcoin first, if bitcoin goes up then all altcoins will follow, if it goes down it's possible all altcoins and doge can also fall below 0.2$.

[wmaurik]

indeed it would be difficult to expect anything from coin doge which increased due to a momentary push by @elonmusk, without making changes from management to develop and provide support from previous profits. if you only rely on the news then after the news fades then all will also be lost carried with him. Moreover, we know that @elonmusk did not make any purchases on coin doge so there is no good financial support behind it.

Elon Musk is not a person or team part of Dogecoin so he just does the work he likes to make himself richer without thinking about anything else that can benefit others, so basically he is innocent and also Dogecoin is not bad even though it's only a coin category a meme that doesn't have as many uses as the others.

[Sanitough]

indeed it would be difficult to expect anything from coin doge which increased due to a momentary push by @elonmusk, without making changes from management to develop and provide support from previous profits. if you only rely on the news then after the news fades then all will also be lost carried with him. Moreover, we know that @elonmusk did not make any purchases on coin doge so there is no good financial support behind it.

Elon Musk is not a person or team part of Dogecoin so he just does the work he likes to make himself richer without thinking about anything else that can benefit others, so basically he is innocent and also Dogecoin is not bad even though it's only a coin category a meme that doesn't have as many uses as the others.

That's correct and that made him safer as he has no responsibility at all, a billionaire expressing his opinion on DOGE in a positive way will always gain the attention of the people, and it happened, DOGE was hype and it pumped like crazy, so now Elon can leave this as he already made a lot of money during the bull run.

[BAGOBO]

Elon Musk is not a person or team part of Dogecoin so he just does the work he likes to make himself richer without thinking about anything else that can benefit others, so basically he is innocent and also Dogecoin is not bad even though it's only a coin category a meme that doesn't have as many uses as the others.

Never use his conversation as a reference for trading and investment references because he is only joking and not suitable for analysis in crypto trading, from some of his tweets he only reads he still holds bitcoin and not dogecoin, it seems he just popularized memes of coins he likes and he never admits to holding number of meme coins in his wallet.

[nicolas1979]

depending on the current bitcoin price, because the market is down then the price movement will be fully controlled by bitcoin first, if bitcoin goes up then all altcoins will follow, if it goes down it's possible all altcoins and doge can also fall below 0.2$.

Dogecoin's lowest price this week is $0.19, that's no longer speaking depending on the price of Bitcoin. Because the price of Bitcoin has changed quite well this month, but Dogecoin is very difficult to lead to a high price after the dump occurred a few months ago. Elon Musk is no longer looking at Dogecoin at this time, he is more focused on new projects that may have a bigger chance than pumping the price of Dogecoin for the next stage.

[wmaurik]

That's correct and that made him safer as he has no responsibility at all, a billionaire expressing his opinion on DOGE in a positive way will always gain the attention of the people, and it happened, DOGE was hype and it pumped like crazy, so now Elon can leave this as he already made a lot of money during the bull run.

That is Elon Musk's target in general because he must be aware of that very well where once he has enough advantage on Dogecoin, he can leave it at any time by not telling anyone, so this needs to be understood very wisely, because basically Elon Musk has done nothing wrong with that, he just has more abilities that no one else in the crypto space has.

[MonaLeeTracy]

~Snip~

That is Elon Musk's target in general because he must be aware of that very well where once he has enough advantage on Dogecoin, he can leave it at any time by not telling anyone, so this needs to be understood very wisely, because basically Elon Musk has done nothing wrong with that, he just has more abilities that no one else in the crypto space has.

Elon musk has managed to make a big profit from some of the tweet he made about dogecoin. Before Elon Musk promoted Dogecoin on his personal twitter account, who would have guessed that doge almost hit the $1 mark.?
Elon Musk experiment give perfect results, he was able to make a number of crypto users vying to buy dogecoin, thus making doge prices soar in a short time. After that Elon Musk sold all the Doge when the price was high, and he left the doge until it returned to being a useless coin in the eyes of investor.
Lucky for investor who sell doge when prices are still high, because so many investor who regret due to greed that they did not have time to sell at the right time.

[LUCKMCFLY]

Doge has had a recent fall of 0.19USD but recovered quickly, at the moment it is at 0.201USD, Doge can go up at any time, you have heard a lot about Elon Musk's projects, even though it is something outside of Doge, when You hear about Elon Musk, the community is very aware of what he can do, according to cointelegraph shows the following:

The bulls are attempting to push the price above the overhead resistance at $0.21. If they succeed, the DOGE/USDT pair could rise to the 20-day EMA ($0.23), which is likely to act as a stiff resistance.

Source: https://cointelegraph.com/news/price-analysis-9-27-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-luna

Everyone is waiting for a move in favor of Doge, this time they may be buying at the price level of 0.2USD, it is likely that if BTC does go up, Doge could be news again.

[SarangWallet]

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

I'm talking about dogecoin's decline, and the halving in its valuation from nearly $90 billion to $60 billion in just the last day. Just like bitcoin, this may be the result of a variety of factors, but one of them may be speculation by its holders and disappointment with the latest news. Will dogecoin drop to $0.2 again? It's actually really hard to say right now. In my opinion, yes. There is no way dogecoin can maintain itself at its current value forever. Its value will drop from $0.5 to $0.2 and even lower in the near future.