Notice that while BTC & ETH fall, Doge is Stable

[LegendaryK]

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.  

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.

[1714492424]

1714492424

[AmoreJaz]

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.  

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.

[LegendaryK]

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.

[KingsDen]

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.

[Slow death]

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

[Mr.sprin]

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.

[Ghepetto]

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.

[tbct_mt2]

Dogecoin is stable. 

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.

[Ghepetto]

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.

[jeha2015]

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.

[danherbias07]

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.  

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.

[robattfield]

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.

[Rufsilf]

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.

[gurunanakji777]

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.

[LastKiss]

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.

[ElmedoRator]

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.

[WalkerIVIV]

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

[Tomohisa]

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.

[fullhdpixel]

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.

[Newlifebtc]

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