Dogecoin become more stable than Bitcoin

[Trixoempire]

Dogeocoin couple of days 0.5% minus only. It became a stable coin  

People feel more confident to invest now in dogecoin.

Seems like it stop being a pump and dump and people hold it long term.

[coco23]

Doge gained more than 1000% since the beginning of the year.... hardly a stablecoin 

Just because it moved relatively little in a few days it doesn't mean anything for a longer term.

[bhadz]

Dogeocoin couple of days 0.5% minus only. It became a stable coin  

Just this time because Musk is helping to retain its value while telling negative things about bitcoin.

People feel more confident to invest now in dogecoin.

I don't think many are confident about it. It's only temporary and once Musk starts to sell just as the same as bitcoin, you'll see a lot of Dogecoin holders to panic too and the whales of it.

Seems like it stop being a pump and dump and people hold it long term.

Maybe because of him but we'll see how it will end up.

[HaekalZ]

The price of Doge is more stable than the price of other coins due to Elon Musk who keeps tweeting about Dogecoin and the Dogecoin project going forward, therefore more investors are coming in and the price of Dogecoin, although only up 2%, is still more stable than other altcoins.

[asriloni]

It goes down from 75 cents to the 49 as per the current price of doge coin. All of coins were affected by bitcoin and that's it. doge is not backed by anything and this is a meme coin. People are falling into the illusion if they were imagining that the doge coin will become a stable coin. People didn't try to take a look at the chart and doge is starting to go down again like another crypto.
people have no clue what's going on with the market. The 4 year cycle is happening now.

[btcsmlcmnr]

Dogeocoin couple of days 0.5% minus only. It became a stable coin  

People feel more confident to invest now in dogecoin.

Seems like it stop being a pump and dump and people hold it long term.

Dogecoin is as same as other shit altcoins. It is a very highly speculative cryptocurrency and you can not say it is a stable coin. Never it is like that.

Any cryptocurrency will have some periods that they have price fluctuations in a very insignificant narrow range. You can see such fluctuations as silence before storms. Storms can be soars or plummets.

What are you waiting for Dogecoin after this temp stable time? Soar or plummet?

[TastyChillySauce00]

Only temprarily though, not to mention if you look at the chart from longer time frame it has more fluctuation than bitcoin meanwhile bitcoin is just doing sideways for the past few weeks and only now it got price dumping.
But then again, is there really such thing as stable decentralized crypto though? I definitely doubt if there's any and each crypto has their own time of being very volatile same thing with doge, this week it's stable next week it could move
so significantly.

[Ziskinberg]

There's no other stable coin in the market than a "stable coin" itself. other altcoins are still highly volatile. Look at the market now, bitcoin is dumping and we are also seeing that altcoins are following the movement. Today, Dogecoin is down 9%, and it doesn't look good as bitcoin is struggling and we know that altcoins will not survive if bitcoin is dumping.

[slaman29]

Come back after one year and see how silly you feel after saying that. Or in fact even come back after 6 months if not earlier. Stablecoins are a class of their own, and are meant to be stable. Even fiat currencies see daily volatility, but crypto is known to be at the extremes.

You tell me how much DOGE was 6 months ago:)

[malcovi2]

strange isn't it?
Thats what Elon wants you to think.

[sapnu]

Let us not forget how much Elon Musk contributed to the growth of Dogecoin and how high is the probability that it would soon go down once Elon gets what he want from it. I don't think people should feel confident about investing on Dogecoin and it should not be compared to bitcoin specially with regards to stability. Dogecoin has a long way to go before it can even get near from bitcoin. If you still believe in Doge after all the things people are speculating about it, think again and it might be a life saver for you one day.

[Tumanggor]

Dogeocoin couple of days 0.5% minus only. It became a stable coin  

People feel more confident to invest now in dogecoin.

Seems like it stop being a pump and dump and people hold it long term.

because the price is still relatively cheap, you see that Dogecoin is more stable than Bitcoin
I see the price of Dogecoin as more volatile and very risky than Bitcoin

what makes Dogecoin Bull is Elon and that's undeniable
I do not recommend you to invest in Doge because someday Elon may not like Doge anymore and you will bite your fingers

[adaseb]

The coin is stable now because the holders dont want to sell because they are most likely sitting at a loss if they bought last month and the shorters don't want to short because they are scared of another Elon tweet regarding Doge.

However I gaurantee you thats in the next few weeks its going to be nothing like a stable coin. Keep in mind there is currently like almost $200,000,000 per month of miner reward Doge released into the market, these are most likely going to get dumped by the miners.

[Flowzer]

The coin is stable now because the holders dont want to sell because they are most likely sitting at a loss if they bought last month and the shorters don't want to short because they are scared of another Elon tweet regarding Doge.

However I gaurantee you thats in the next few weeks its going to be nothing like a stable coin. Keep in mind there is currently like almost $200,000,000 per month of miner reward Doge released into the market, these are most likely going to get dumped by the miners.

Yep, this kinda true, also the early investor want more profit and wont take it now (be greedy). Just wait until they too afraid to wait another profit and take the profit soon.
Doge market crash is real when the fomo feeder didnt feed them again.

[Woodie]

Stable means there is no tag of war on the markets between the bulls and the bears, and if that's how the markets are behaving then there isn't much activity going on with this asset.

If it's stable you want then there is no better answer than stable coins.

[speedforce]

Dogeocoin couple of days 0.5% minus only. It became a stable coin  

People feel more confident to invest now in dogecoin.

Seems like it stop being a pump and dump and people hold it long term.

If you want to show off the powerfulness of Doge against market atm, shill it with "Steady" coin, instead of stable coins, nothing special with a stable coin bro.
Also, the background why its stable in the price atm its not because the bear not powerfull enough to crash the market, i think it just a temporary because many loser keep their position wait until next Elon tweet came up also the shorter didnt want their position liquidated because of a tweet suddenly came up ruin their trades.

[stadus]

It was stable for a short period of time but bitcoin has proven to be the most stable for years.

Look at DOGECOIN now, it has reached number 4, now dropped to number 7 in the CMC ranking.
It's slowly sliding, why?  Because Elon already stop shilling DOGE or his influence is not anymore appreciated in the space.

Elon has a plan, he knows how to dropped the bomb (news) that he can benefit, and we are witnessing how the market struggles now.

[Joca97]

It was stable for a short period of time but bitcoin has proven to be the most stable for years.

Look at DOGECOIN now, it has reached number 4, now dropped to number 7 in the CMC ranking.
It's slowly sliding, why?  Because Elon already stop shilling DOGE or his influence is not anymore appreciated in the space.

Elon has a plan, he knows how to dropped the bomb (news) that he can benefit, and we are witnessing how the market struggles now.

Well Elon is currently quite on dogecoin for now.But he will probobly soon start to shill DOGE soon again.He always does maybe taking a small break while the market is going down.But its stable for now but it can go either way from here.Maybe to 1$ or maybe back to 0.1$ it really depends.

[TimeTeller]

It was stable for a short period of time but bitcoin has proven to be the most stable for years.

Look at DOGECOIN now, it has reached number 4, now dropped to number 7 in the CMC ranking.
It's slowly sliding, why?  Because Elon already stop shilling DOGE or his influence is not anymore appreciated in the space.

Elon has a plan, he knows how to dropped the bomb (news) that he can benefit, and we are witnessing how the market struggles now.

I don't think it is fair to say that investors are confident to invest in doge just what the OP stated.
This coin is a very risky one, in my opinion. As right now, its price is greatly influenced by one person.
And if that person stopped shilling or endorsing this coin, what would happen then?
So I believe, being confident in doge is a very subjective matter. Not many will find this a good investment to take.

[Koutami]

Dogeocoin couple of days 0.5% minus only. It became a stable coin  
People feel more confident to invest now in dogecoin.

I dont think this two things arent co-related, people will confident to invest if the project that they want to invest are promising and have a good fundamental points.
Also, if people more confident to invest, ofc they will average down their last entry (bcs i think most of them are trapped on the peak) and thats activity will increase doge price which we dont see atm.