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Author Topic: Notice that while BTC & ETH fall, Doge is Stable  (Read 373 times)
LegendaryK (OP)
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June 18, 2022, 06:07:38 PM
 #1

Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.

Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.

Elon?
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June 18, 2022, 06:13:24 PM
 #2

It’s not really just Dogecoin that’s doing that, some other Altcoins too maintained their state (although already poor) and I won’t consider this as a win because these coin already has low prices and their drop won’t be as noticeable as Bitcoin or Ethereum, this fact doesn’t make the solid even at this time, I feel when the markets get better many of this coins won’t have the pump momentum as bitcoin would have by then.

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June 18, 2022, 06:15:01 PM
 #3

Checking the charts, Doge has dropped about 37% over the last 30 days, while Bitcoin is at around a 35% drop and ETH is over 40%.

Not dropping below a certain resistant point over a period of time does not equate to more stability when compared with other coins.

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June 18, 2022, 06:20:39 PM
 #4

Checking the charts, Doge has dropped about 37% over the last 30 days, while Bitcoin is at around a 35% drop and ETH is over 40%.

Not dropping below a certain resistant point over a period of time does not equate to more stability when compared with other coins.

Actually btc dropped ~40%, in the last 30days.
$30k down to ~$18K, is $12K.

Mainly talking about the last 24 hours where Doge has barely moved, and btc dropped ~$2K.


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June 18, 2022, 06:25:07 PM
 #5

Should be on Altcoin Discussion board if the main topic is Dogecoin. (Anyways, I'm reporting it to mods for it to be reposted it on another board) During a bear market people tend to lose hope but memes or meme coins, NFTs and other stuff tends to make people laugh during this thought times. I don't think it's from Elon, his shill tweets doesn't do much these days at all, maybe just occasionally.
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June 18, 2022, 06:30:02 PM
 #6

Some projects pump their coins during market downturns to show their resilience to situations
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June 18, 2022, 06:30:11 PM
 #7

Actually btc dropped ~40%, in the last 30days.
$30k down to ~$18K, is $12K.
I actually checked on coingecko and those were the figures which were given. When you consider that the price was not flat at $30k, but actually a little below it, and the price now is hovering above $18k; considering the values of the couple hundred dollars, it runs up to about 35.9% drop.

Mainly talking about the last 24 hours where Doge has barely moved, and btc dropped ~$2K.
Doge has dropped about 9% (that's not barely moved) within the past 24 hours, with Bitcoin on a drop of ~11%.

Bitcoin is a lot more expensive, so a drop in it would be massive (relatively) when you compare it with other coins.
Consider the percentage difference and not the actual price movement.

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June 18, 2022, 06:33:00 PM
 #8

While I ain't taking anything away from Dogecoin, I like to mention that it already had its fall (it could still fall more) a few weeks ago while Bitcoin remained relatively stable above $30k until recently. Doge isn't really that bad as highly criticized in public spaces, anyway. Those who think it's a fun and memecoin aren't going deeply into what Doge is actually. Come to think of it, I've read several reports projecting Bitcoin to hit $12k in this crash. It's already doing $18k at the moment. Perhaps, we could see $12k in days to come or not. No crypto is immune to this dip. Everyone of them is seeing enough red now. However, I see this as market's own way of correcting and balancing its books. No panic.

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June 18, 2022, 06:52:31 PM
 #9

Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.

Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.

Elon?

Doge is already dead, how low it can go further. Most of the altcoins now move a lot less due to the bitcoin dump because they don't have much room to dump, they are already on the floor prices.

The strange thing is that this is a free fall constant dump with no relief rally  Huh

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June 18, 2022, 06:56:52 PM
 #10

Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.

Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.

Elon?

I guess my opinion would be that Doge underperformed from the highs a great deal, so maybe it's already been waiting at the bottom of the cliff for everyone else to catch up...  Bitcoin is down something like 70% (ballpark figure) from the highs, while doge is down more than 90%.  I have a hard time considering that outperforming.  Sounds more like wishful thinking.  Doge has some bright spots though.  If Elon does manage to buy Twitter, I wouldn't doubt it if he adds Dogecoin tipping and tries to really get that currency to take off as a way to show you like tweets somehow.  As far as shitcoins that were created as jokes to scam a little money from meme users, Doge is the best out there.  I wouldn't go expecting it to break $1 anytime soon though.

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June 18, 2022, 07:11:43 PM
 #11

Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.

Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.

Elon?
The Cardano looking stronger than Doge Coin. As doge dropped 31% in the last 7 days.
While Cardano dropped only 21% So ada is stronger because of Elon?

i think you need to understand that the elon is a clever man. His big investment is in bitcoin, and tweets on doge is just a joke to him. so dont take his tweets seriously, but if you want to follow him. buy btc and hodl as he is doing.
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June 18, 2022, 07:43:01 PM
 #12

When you checked for other altcoins you see that some of them is holding their price not only Dogecoin and besides Dogecoin promoters or supporters is very clear that they need the growth of Dogecoin and  they need what will make Dogecoin to stand. I will agree with you for stable coins they do not have disvalue from time to time

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June 18, 2022, 07:54:18 PM
Last edit: June 18, 2022, 10:29:05 PM by laurenB7742
 #13


Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.

How much dump do you expect? do you want to see the negative value, lol.

It is already at the bottom and another cause this market is manipulated, I've enough doubt there will be enough holders of this meme coin. For people who have bought doge before, a maximum of them sold their coin at a loss when the last dump happened on dogecoin.
Now, only fools can hold this coin, so the actual thing is there is not enough buyer/seller who want to adopt or invest in this shit coin.

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June 18, 2022, 08:05:49 PM
 #14

It is already at the bottom

So in your opinion ,
Doge can't drop below 5 cents, because that is it's absolute rock bottom,
not sure I agree with that.

Do you feel BTC can't drop below $18k?
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June 18, 2022, 08:22:06 PM
Last edit: June 18, 2022, 08:36:05 PM by laurenB7742
 #15


So in your opinion ,
Doge can't drop below 5 cents, because that is it's absolute rock bottom,

Lol, a manipulated market can drop at any time,
If you buy a manipulated coin after seeing a bullish signal it can drop to its All Times Low before you finish your coffee break.  Wink
You can't expect it will follow any regular market cap or market movements.


~
Do you feel BTC can't drop below $18k?

Who knows? Very much possible, whatever every Hodler is waiting for that exciting moment,
I want to buy BTC at an offer price once again before we exceed $100K

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June 18, 2022, 08:22:41 PM
 #16

BTC just fell below $18k, now in the $17k range.

While Doge is still 5 cents, go figure.  Tongue

Elon?
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June 18, 2022, 08:23:06 PM
 #17

Dogecoin is nothing but a sh*tcoin (it was nice until Elon took over). BTC is a real coin. You're comparing 2 things which are totally different. Haven't you learned? If BTC grows they all grow. Without BTC they are all dead.

1 BTC = 1 BTC
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June 18, 2022, 08:23:49 PM
Last edit: June 18, 2022, 08:40:12 PM by LegendaryK
 #18

Dogecoin has become a sh*tcoin. BTC is a real coin. You're comparing 2 things which are totally different. Haven't you learned? If BTC grows they all grow.

But apparently they don't all drop.
Which means your sh*tcoin insult may be backwards.
Time will tell.

Without BTC they are all dead.

 Cheesy Cheesy Cheesy
You're absolutely wrong on that.
The other coins network ecosystems are not dependent on BTC.
That is a nonsense belief promoted by btc cultist, it holds no basis in reality.
That is like saying if Ford car company collapses that Toyota, & GM would follow, absolute nonsense.  Cool
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June 18, 2022, 08:25:30 PM
 #19

BTC just fell below $18k, now in the $17k range.

While Doge is still 5 cents, go figure.  Tongue
The lowest that it has hit today is $0.49 and everything is affected do you call it stable? I don't think so. And if you zoom out for the last 7 days, the chart of Doge doesn't look good. It's also coming along the way of bitcoin and ethereum and all of them are just dropping.
Elon?
Many will regret that they've followed Elon's word and he's just trolling everyone with his tweets about Dogecoin. If he's really into Dogecoin, he should just accept it for Tesla, Starlink & SpaceX.
But apparently they don't all drop.
Which means you sh*tcoin insult may be backwards.
Time will tell.
I believe that altcoin season will come but not for today.

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June 18, 2022, 08:32:04 PM
 #20

The lowest that it has hit today is $0.49

Which lasted like 5 minutes , already back at 5 cents, weird right.
BTC still in $17K, no bounce up.
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June 18, 2022, 08:52:52 PM
 #21

Hmm,
I wonder if the reason BTC is dropping today and Doge is not,
is that btc sellers are buying up Doge.

That would be a shocker.  Shocked

It looks like BTC is headed back to pre-covid levels of ~$11K and ethereum ~$480 .
Litecoin the other PoW coin is already back down to it's pre-covid price.

Doge ~5 cent price would have to drop down like 1000X , to meet it pre-covid price.
As of the moment , it is still more stable than the rest.
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June 18, 2022, 09:20:20 PM
 #22

Hmm,
I wonder if the reason BTC is dropping today and Doge is not,
is that btc sellers are buying up Doge.

That would be a shocker.  Shocked

It looks like BTC is headed back to pre-covid levels of ~$11K and ethereum ~$480 .
Litecoin the other PoW coin is already back down to it's pre-covid price.

Doge ~5 cent price would have to drop down like 1000X , to meet it pre-covid price.
As of the moment , it is still more stable than the rest.

we can't really assume about what is happening in the market. if you have high confidence with doge, you can always put some money on it. but if we are talking about btc or eth, dropping down hard. the possibility of bouncing back is just around the corner. i guess, for some who were regretting that they missed the train, now, is the good time to assess your portfolio. if you can afford, you are buying btc at a high discount with the current rate of more than 17k. but that is, if you have high hopes with the future of BTC.

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June 18, 2022, 09:25:01 PM
 #23

we can't really assume about what is happening in the market. if you have high confidence with doge, you can always put some money on it. but if we are talking about btc or eth, dropping down hard. the possibility of bouncing back is just around the corner. i guess, for some who were regretting that they missed the train, now, is the good time to assess your portfolio. if you can afford, you are buying btc at a high discount with the current rate of more than 17k. but that is, if you have high hopes with the future of BTC.

There is one current theory out there, that the reason for the collapse in the stock markets and crypto markets,
is that the Baby Boomers in the US are leaving all speculative investments and moving to safer investments such as cash and bonds.
That might explain why BTC & Ethereum are taking it so hard as baby boomers are larger investors in those coins,
and the younger generations no where near retirement are the ones mainly invested in DOGE.
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June 18, 2022, 10:01:53 PM
 #24

When you actually zoom out you will noticed that doge has also reduced drastically. But the effect is not too significant this time because it's moving from low to lower low. This is different from one a coin moves from low high to lower low.

Doge on it's own has lived upto expectations as a meme coin, standing strong at this blood bath market shows that dodge is determined to touch $1 at the next market bull.

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June 18, 2022, 10:38:48 PM
 #25

Doge ~5 cent price would have to drop down like 1000X , to meet it pre-covid price.
As of the moment , it is still more stable than the rest.

you're taking an altcoin that is the biggest pump and dump example in history and you're comparing it to other altcoins, that's definitely not a good comparison. Doge can drop a lot in an instant just elon says something negative about Doge, I honestly don't understand why anyone would want to buy an altcoin like doge knowing it's a ticking time bomb? It is clear that doge supporters are not selling in bulk because they are still waiting for what father doge (elon) will comment

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June 19, 2022, 02:28:07 AM
 #26

Coin doge is one of the big coin memes besides coin shiba, coin memes will usually go up in price if there is good news and coin memes like coin doge and shiba will go up following the movement of bitcoin, at this time i am more interested in investing shiba coin because the price of shiba coin is falling and there is a possibility that if shiba coins are stored in the long term then you will get big profits.
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June 19, 2022, 03:04:15 AM
Last edit: June 19, 2022, 03:16:51 AM by Ghepetto
 #27

Yes I did notice, but only if I look at the past 4 to 7 days

In my opinion this is why:

Do a simple chart analysis of Doge/USDT volume on Binance for 2021/01/27 and 2021/01/28, I'll give it to you-it was close to 100 billion coins per day.  Also consider this is on one exchange, one market ONLY.

In circulation are 132,670,764,300 DOGE


So in two days the trade volume exceeded the total number of coins in circulation, almost by two.

So how many is Elon (or his child or whoever it was) still holding?  Regardless of whatever I think that number is, it is clear to me that an extremely significant % of Dogecoin has been taken off the market and has not been dumped or we would be sub 1 cent by now, easily.

In other words there may be a whale that has taken hodling all the way to hoarding.

An epic dump may be incoming if these are liquidated (and if I am correct), but I believe there is a good chance the number of holders has been drastically reduced.   And the whale(s) that still hold have yet to dump.

Good or bad?   We shall see.





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June 19, 2022, 06:12:34 AM
 #28

Dogecoin is stable.  Roll Eyes

A general trend in altcoin market is they don't change too much not because they are stable. It is more likely because they already fall too much and want to bounce back from their deep bottoms. They are hanging and fluctuating to wait for Bitcoin short squeeze. Altcoins will rise after Bitcoin stop falling and start its recovery.

When will Bitcoin stop falling and start to recover? I don't know. We are only jumping in early of a bear market.

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June 19, 2022, 07:37:49 AM
 #29

At the time of writing this doge/btc is 313 sats.    Anybody who has followed this value historically knows what I am speaking about.  If you do not, start researching alt/btc markets, which, imo is the only one that counts if you want to increase your BTC stack.   While ignoring fiat.

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June 19, 2022, 08:16:32 AM
 #30

Coin doge is one of the big coin memes besides coin shiba, coin memes will usually go up in price if there is good news and coin memes like coin doge and shiba will go up following the movement of bitcoin, at this time i am more interested in investing shiba coin because the price of shiba coin is falling and there is a possibility that if shiba coins are stored in the long term then you will get big profits.
if shiba inu or doge coin recover we will see second bullish cycle to these coins. both of them have possibility to back previous all time high with condition bitcoin bounce hard too. doge and shiba in  my opinion projects with minimum sentiment especially about project developtment. its movement depend on bitcoin movement, even tweet from elon musk has less impact to doge.

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June 19, 2022, 09:20:51 AM
 #31

Hmm,
I wonder if the reason BTC is dropping today and Doge is not,
is that btc sellers are buying up Doge.

That would be a shocker.  Shocked

It looks like BTC is headed back to pre-covid levels of ~$11K and ethereum ~$480 .
Litecoin the other PoW coin is already back down to it's pre-covid price.

Doge ~5 cent price would have to drop down like 1000X , to meet it pre-covid price.
As of the moment , it is still more stable than the rest.
It is a shocker if proven true, with facts to back it up.
But that's every investor's right to buy any coin after selling another. This is done as a strategy to make an income during this bear market time. Before that was your only option to save the value of your money. Sell Bitcoin before a continuous bear market happens for an altcoin. Not stablecoin because they don't exist way back.
If they did buy Dogecoin then so be it, but I doubt they will be bag holders of it. The only purpose could be saving their ass.

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June 19, 2022, 09:37:02 AM
 #32

I don't understand what the OP is thinking about that. I'm not sure as to why this should concern you when most of them are down. Don't look at things too quickly; not only dogecoin, but some altcoins maintain their position when BTC ETH falls; my outlook is somewhat optimistic before entering the doldrums. In the long run, something happens that creates slight pumps in altcoins and then a market hibernation cycle.
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June 19, 2022, 10:04:59 AM
Merited by Hypnosis00 (1)
 #33

Just looking at their 7days time frame, we can see their comparison



They are apparently making the same directions. And I see that Bitcoin is still affecting the entire market which includes Dogecoin. Maybe it wasn't clear enough to see but as it looks closely, once Bitcoin ups, Dogecoin had also in the pump.

For now, we can't expect Doge to reach back 5cents in easily, that probably happens when Bitcoin had full recovery already.

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June 19, 2022, 12:33:20 PM
 #34

Doge is also very much down from its All-time high we should also keep this in mind. If you check the charts and calculate the monthly drop percentage of all these 3 coins you will get your answers. It's not stable. If you talk about specifically the last 24 hr it's not dropped but we can not say it is in better condition than other coins if we calculate the monthly or yearly percentage of drop. One-Two day's stability of any coin does not matter in my opinion.

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June 19, 2022, 12:42:05 PM
 #35

Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.

Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.

Elon?

I'm not noticing that since Doge is not on my watchlist tho, as far as I know, there are a lot of coins that get the impact from the bearish market. If Doge able to steady in some certain point then it should be the effect from the influencer or even Elon Musk itself or a possibility many people gamble their money to Doge and hope Elon does something about that lol.


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June 19, 2022, 12:46:35 PM
 #36

Well, not only Dogecoin but also many other altcoins did not drop as BTC and ETH fell. I think there is some manipulation to make the liquidation of assets of large investment funds into this market. But with dogecoin alone, I can't see the good things with this coin. With what I have experienced with it, a rude pump from many people and excessive FOMO about its capabilities.

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June 19, 2022, 01:57:58 PM
 #37

Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.
It doesn't matter, as you can see the price of doge coin was also plunged so hard and there would be no point to use this as a thing to compare it with the bitcoin and ethereum. don't you even try to take the ATH as a price to be compared with btc and ethereum?


Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.

Elon?
Elon was not the reason. There are lots of coins in the market that can hodl its position so well during the bearish market. i do believe if this is only temporary and this time the price of bitcoin is recovering a little bit

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June 19, 2022, 07:50:29 PM
 #38

Read thru people's posts, about the Doge chart and price, I think the majority Doge's circulating supply is in the hand of a few holders. This might be the reason behind its ability to hold prices against BTC's trend. Whale sure does like his Doge and doesn't want to part away from it.
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June 19, 2022, 09:56:16 PM
 #39

At the time of writing this doge/btc is 313 sats.    Anybody who has followed this value historically knows what I am speaking about.  If you do not, start researching alt/btc markets, which, imo is the only one that counts if you want to increase your BTC stack.   While ignoring fiat.
What has happened before, doesn't mean it will happen again. I am not saying this for any bull or bear reasons, I am not a person that claims to know what the prices will do, maybe it will go up a lot, or maybe it will crash even further and I wouldn't know.

All I meant to say is that the price of bitcoin will never go down like crazy just because we are talking about something that has happened before, it may happen again or it may not happen again and we should not make investments based on what has happened before. This could be about doge, it could be about anything else, and it could be about up or down, none of that matters because historical patterns doesn't always repeat itself again and again.

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June 19, 2022, 11:15:21 PM
 #40

Read thru people's posts, about the Doge chart and price, I think the majority Doge's circulating supply is in the hand of a few holders. This might be the reason behind its ability to hold prices against BTC's trend. Whale sure does like his Doge and doesn't want to part away from it.
Why you are that Dogecoin is not among of the list of coins that is falling now is because that Dogecoin has made name before and many people invested for doge and it falls when it falls many people withdraw attention and why people that is still holding it hold it tight and is because is few people that is holding is making Dogecoin to have a strong leg in market what ever that is for market is not affecting Doge

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June 19, 2022, 11:17:17 PM
 #41

doge's trend more or less still follows the trend of bitcoin, but most of shitcoin usually has the tendency of going against the trend because massive manipulation is going.
You could find some meme coins that's having reached ATH even in the middle of bearish. But reaching ATH doesn't mean it gonna gives you nice return of investment, instead it could be very well incurring loss to your investment at the long run.
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June 20, 2022, 03:18:51 AM
 #42

doge's trend more or less still follows the trend of bitcoin, but most of shitcoin usually has the tendency of going against the trend because massive manipulation is going.
You could find some meme coins that's having reached ATH even in the middle of bearish. But reaching ATH doesn't mean it gonna gives you nice return of investment, instead it could be very well incurring loss to your investment at the long run.

Exactly, every altcoin follows bitcoin price movement and they are even worst when it comes to bear market. Just look at the price of Doge now, -92% for it's all time high. So I'm still trying to grasp where the OP says that Doge is stable here.

There could be coins that will go up in bear market though, but it doesn't mean that they are strong or solid. Most likely they are just meme coins, being used by pumps to obviously, pump and dump it till they earn huge profits.

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SyndicateLabs
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June 20, 2022, 06:16:05 AM
 #43

The market is stable from any angle here with the way it's going. The OP meant to look at the 15m chart and see things, not much else. I see not only Dogecoin but some altcoins also have this state. After BTC and ETH plummeted, the liquidation of assets for many people or large funds, and Dogecoin is not a big object for those who want to manipulate the market. This influence But frankly, Dogecoin is still one of the hype coins. I don't complain too much, but those who have been invested in this market for a long time will not appreciate its ability in the market. Apart from getting the support of Elon Musk, it doesn't have much that I need to pay attention to.
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June 20, 2022, 06:43:11 AM
 #44

Let's also see if it will go up when Bitcoin and Ethereum does in the upcoming days or weeks.
That's the frightening part when buying this coins that are too much affected by a pump and dump scheme. You will never know when someone is manipulating it behind curtains.
It looks positive today and that's when most of the coins are down so you try to buy it and expect a better result but none may come as you patiently wait.
I'd stick with the dumped coins who has better chance to be pulled up because of Bitcoin demand.
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June 20, 2022, 06:49:00 AM
 #45

And now I've seen doge go down with bitcoin too. I pay more attention to the decline in doge in terms of percent not nominal
On June 7, doge was at $0.08 and today at $0.05 or if calculated on a % down 30%
On June 7, bitcoin was at $30,000 and today below $20,000 or down % by 35%

I don't really mind the nominal decline, because the two coins are clearly different in number, but if you look at the % decline in Dogecoin it still follows the decline in bitcoin

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June 20, 2022, 07:45:24 AM
 #46

There are probably still many people who are still blind to this coin. Anyway, it is not the first and only case here to receive hype and interest from influencers. I see Dogecoin as still one of the big jokes to this day. When it's not the top pick in the category I think it is, the problems that followed after Elon's backing brought a big change of great interest. But whether there is anything different than that connection, I always find it amusing to compare it alongside the top things in the crypto market.
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June 20, 2022, 12:45:40 PM
 #47

Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.

Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.

Elon?
Doge can survive at $0.05 because this price is indeed a strong price for Doge, and of course very strong support,
if you say stable, of course you are wrong, Doge price has dropped -90% from its ATH, and you say stable?,
if Doge down and $0.05 is broken then you will see even more terrible things
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June 20, 2022, 01:11:47 PM
 #48

Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.

Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.

Because this shitcoin has already lost most of its value. There is not much liquidity left in this project, so there is nothing to fall there, everyone who wanted to sell, has already sold long ago, there is a large number of hamsters who have bought coins for 20-60 cents and can not sell at 5 cents, because it would be tantamount to just throwing them away. And such majority in this project.

You cite BTC and ETH, but BTC and ETH lost 70% and 76% of their value, respectively. DOGE lost more than 91% of its value.

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June 21, 2022, 07:35:38 AM
 #49

Now you mention it, it is really strange indeed.
I think doge is being supported by some people, they buy the coin when the price hit a certain point.
Doge coin is only meme coin, but it is often to make people surprised by its price.

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BuNga_cute
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June 21, 2022, 08:08:14 AM
 #50

There are probably still many people who are still blind to this coin. Anyway, it is not the first and only case here to receive hype and interest from influencers. I see Dogecoin as still one of the big jokes to this day. When it's not the top pick in the category I think it is, the problems that followed after Elon's backing brought a big change of great interest. But whether there is anything different than that connection, I always find it amusing to compare it alongside the top things in the crypto market.

Each coin usually has its own fans, as well as Dogecoin, there are fans who still believe in the future of Dogecoin. So Dogecoin is still in demand
by some people, people who believe in Dogecoin will try to accumulate Dogecoin. Therefore, it can be said that the movement of Dogecoin is
quite stable at the moment, especially since Elon Musk still provides support for Dogecoin. Therefore Elon Musk followers who still believe in Elon Musk
will buy Dogecoin. No wonder Dogecoin is now in the top 10, it means that quite a lot of investors are interested in investing in Dogecoin.
But I think it's very risky to invest in meme coins during a bear market. For me, it is better to invest in BTC or ETH, which have been proven to be safer.

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darewaller
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June 21, 2022, 05:01:32 PM
 #51

There are probably still many people who are still blind to this coin. Anyway, it is not the first and only case here to receive hype and interest from influencers. I see Dogecoin as still one of the big jokes to this day. When it's not the top pick in the category I think it is, the problems that followed after Elon's backing brought a big change of great interest. But whether there is anything different than that connection, I always find it amusing to compare it alongside the top things in the crypto market.
Just because it is getting some hype attention from the famous people who want that attention, doesn't mean that it is a logical coin to invest into.

What you are investing into is a thing that even the creator said it took him a few hours and nothing more, it is one that has people who own majority of it and so forth. This is why I would like to say that it is investing your money into something that is a trash and joke and nothing more.

I can see people being interested in shiba inu, something that was created by the owners to get the hype of doge as well, and that is double stupid to me, how could anyone think leftover hype of a hyped thing could be bringing you money. Interesting to say the least.
MadeMen
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June 21, 2022, 05:08:57 PM
 #52

The fact that dogecoin did not drop substantially at the time of Bitcoin and ethereum decline does not mean that it hasn't dumped much more considering another time frame  maybe 7 days or 3 days record. Dogecoin has dropped significantly when we consider the alt and the present trading value.
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June 21, 2022, 05:26:58 PM
 #53

Checking the charts, Doge has dropped about 37% over the last 30 days, while Bitcoin is at around a 35% drop and ETH is over 40%.

Not dropping below a certain resistant point over a period of time does not equate to more stability when compared with other coins.

Actually btc dropped ~40%, in the last 30days.
$30k down to ~$18K, is $12K.

Mainly talking about the last 24 hours where Doge has barely moved, and btc dropped ~$2K.



Even so, I don't think that means much for dogecoin in relation to Bitcoin. Holders of dogecoin might not see the significance of selling because the price has dumped already at least compared to where Elon hyped it to. I hate when all these meme coins are for whatever reason been compared to Bitcoin and you do also realize that Bitcoin in just the past 2days recovered about $3k from trading at a low of $17k+ to now trading at $21k+
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June 21, 2022, 06:11:01 PM
 #54

Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.

Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.

Elon?
Elon is big Influencer of doge coin it is not unknown to all crypto lovers. Since he has established himself as a successful investor in crypto as well as exposing his interest in doge coins, he will not give up easily. He is definitely planning on it. Maybe in the near future we will see its reflection.

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June 21, 2022, 11:51:15 PM
 #55

It's a meme coin after all even if doge coin reaching ATH right now at the middle of bearish I wouldn't be surprised for the simple fact that it's being called meme coin for a reason.
Doge could increase its value just because elon shill, if elon desires to shill for it, it could literally increase in value right now.
Though as I've seen from the doge chart it seems that the coin also have massive correction so it's more or less still following the trend.

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June 22, 2022, 01:25:50 AM
 #56

Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.

Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.

Elon?
The comparison in the fall of Doge is about the same as with the legendary coins which are BTC, ETH and other founders of the entire cryptography industry. And as rightly noted here, some altcoins will no longer be able to rise to the level that they reached in the past. All this has already happened and will happen again in the future. So, very interesting and unpredictable turns in the cryptocurrency market are ahead of us. It can even be said that amazing moments from the milestones of these fluctuations are yet to come.

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Queenboss
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June 22, 2022, 03:48:04 AM
 #57

It's funny to hear that dogecoin was stable while other coin fell. When we all know that dogecoin has been tagged with different names ranging from ponzi scheme to shit coin and every other derogatory names that are associated with falling values. My greatest wish is for dogecoin to regain its worth during the next bull run.
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June 22, 2022, 04:16:36 AM
 #58

It’s not really just Dogecoin that’s doing that, some other Altcoins too maintained their state (although already poor) and I won’t consider this as a win because these coin already has low prices and their drop won’t be as noticeable as Bitcoin or Ethereum, this fact doesn’t make the solid even at this time, I feel when the markets get better many of this coins won’t have the pump momentum as bitcoin would have by then.

I see, this could be the reason why their price remained even though the two heavyweight cryptos are falling. maybe they've just already sinking just before the top coins are falling and they don't need to follow the trend since they are already there. It's a worse thing to do when you decide to invest in those coins because they might even fall lower when bitcoins don't recover this month or the next month. Right now, there's no need to rush but the good thing to do is, wait for the right timing to enter the market to avoid bull traps.

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June 22, 2022, 04:30:04 AM
 #59

Now you mention it, it is really strange indeed.
I think doge is being supported by some people, they buy the coin when the price hit a certain point.
Doge coin is only meme coin, but it is often to make people surprised by its price.

Wouldn't be surprised if Elon didn't support Doge. Recently, Elon has been embroiled in lawsuits with doge, many claiming that ELon advertised and gave doge buying advice to many investors causing them to lose money. If Elon abandons doge and chooses another shitcoin to play with, this is the end of doge.
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