Will DOGE go back to sub $0.01 prices ever again?

[Abiky]

The market has been on a downtrend for quite a while now. Bitcoin, as well as other cryptocurrencies have seen their value wiped out within a matter of days. Investors are quite disappointed with how prices are falling at a fast pace. Some are beginning to believe crypto is dead (which we know that's not the case), while others see this as a huge buying opportunity to buy lots of coins at a discount.

One of the coins that was severely affected is Dogecoin. The "meme" cryptocurrency has seen its price up go mainly because of Elon Musk hyping it across social media platforms. But right after the Terra/LUNA and Celsius scandal happened, things have changed. Elon Musk has been silent (as far as I'm aware) for quite a while. Without someone to "pump" Dogecoin, prices will continue to decline like there's no tomorrow. The coin is changing hands at around $0.05 (at the time of this writing), but it could fall lower if BTC dives lower in price.

I'm wondering if DOGE will go back to sub $0.01 prices ever again? If it never does, will that mean DOGE will someday go all the way to $0.50 per coin? I'd like to know your thoughts about this. Your input will be greatly appreciated. Thanks in advance.

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[GreatArkansas]

I really amazed with DOGECOIN, even how the market dumped too hard. DOGE is still on the top among quality high market cap altcoins.
To be honest, recently I started to buy DOGECOIN using my extra funds on different exchanges like the dust amounts and converting them to DOGECOIN.

If ever DOGECOIN will go back to sub $0.01 I will expect BITCOIN will do a massive pump too. Because it seems DOGECOIN is my signal for trigger of bull run.

[kro55]

In recent tweets, Elon still claims to continue to support Doge after being denounced by investors. Dogecoin could still get worse, but it won't die, that's all I can say. Although it was a meme, it existed in the market before many of today's alt coins. Doge not a meme that gets people's attention until Elon mentions it, if Elon doesn't support it anymore then the end point could be that doge going back to where Elon wasn't there.

[MAAManda]

Meme coins or tokens have started to lose their prestige lately, people are no longer paying attention to them, including Dogecoin (DOGE) or Shiba Inu (SHIB). I think that the price of Dogecoin (DOGE) will periodically fall. There are no use cases there, the supply is increasing all the time. This has all become a real reference for not buying Dogecoin (DOGE) again. It is also possible that we will see the price of Dogecoin (DOGE) before the crazy price increase. We will see later.

[nutildah]

The coin is changing hands at around $0.05 (at the time of this writing), but it could fall lower if BTC dives lower in price.

5 cents? Closer to 7 cents at the moment.

I'm wondering if DOGE will go back to sub $0.01 prices ever again? If it never does, will that mean DOGE will someday go all the way to $0.50 per coin? I'd like to know your thoughts about this.

I don't think Elon is the type of guy to let his investment go to shit. Dogecoin has been my biggest hold for all of this year as it is the best coin to actually be used as a currency. BTC is too slow and ETH is too expensive; DOGE is just right for transacting. Plus, you can also use it to make NFTs for super cheap.

[Tellek Garing]

That depends on those influencer who still promote doge to their follower.Even though it's a meme coin,with elon still support it, i think the price wouldn't be back to the bottom again.But if they leave it,then doge will crash and not have value anymore.

Elon is loosing relevant in crypto space as most people tag him as manipulator. In cryptocurrency space all things are possible. I have not imagine in June last year that bitcoin and  other coins will be were there are today but it happens. It is very possible for us to see doge again even below $0.01 and it might happen this year.

[icalical]

It might be, but not in near future, or at least in the next 1-2 year. I think Doge just like most of the crypto today, their price still depend on Bitcoin's price, and for what I heard and knew, this bear market will not end soon, some even say bitcoin will not surpass $30,000 until next year. Therefore, Doge will not have significant price change either.

[passwordnow]

We've been used to those criticisms whenever the market is on the bear. They have no other words to say but as usual, telling the market is dead because it's down.
The current pricing of Dogecoin is $0.06 and that's still a decent price to tell. It's possible that we may see Dogecoin goes back to $0.01 if this bear continues to dominate the market. And for it to go up, Elon is needed again and we don't know if without him and its just bitcoin alone going back bullish again if it will recover.

[Sebas.tian]

It might be, but not in near future, or at least in the next 1-2 year. I think Doge just like most of the crypto today, their price still depend on Bitcoin's price, and for what I heard and knew, this bear market will not end soon, some even say bitcoin will not surpass $30,000 until next year. Therefore, Doge will not have significant price change either.

Yes,  Doge price still depend on Bitcoin price,because whenever Bitcoin price is dumping in the market other altcoins will be dumping at the moment. Since we are still in bearish market, it will be favourable to invest a huge amount of capital on Doge than Bitcoin because BTC price has started increasing in the market  for those that bought at lower price to start earning from their investment. I think, Bitcoin price will soon move to $40,000 because the price just increased to $20,000 which the green light is about to stable through out this year.

[yazher]

In recent tweets, Elon still claims to continue to support Doge after being denounced by investors. Dogecoin could still get worse, but it won't die, that's all I can say. Although it was a meme, it existed in the market before many of today's alt coins. Doge not a meme that gets people's attention until Elon mentions it, if Elon doesn't support it anymore then the end point could be that doge going back to where Elon wasn't there.

In that case, Doge will remain though it has lots of critics as long as Billionaire Elon Musk is behind it, it won't go down so easily. Though it's hard to believe Dogecoin still exists and remains strong nowadays, we will always judge its current market price, and right in front of our eyes is the evidence. Maybe Elon Musk is not really trusted when it comes to altcoins commentaries but when it comes to DogeCoin he is the main person you want to hear if you really want to know its future.

[Jody.Drummer]

Things like this can still happen, especially if you look at the current market conditions and the Doge coin, which is basically just a coin that is used as pump and dump material, it is possible that something like this can still happen.
But indeed on the other hand we also have to look at the people behind them now, especially in some of Elon's current tweets saying that they are still at the Doge so even though for now there are only a few who believe in this but as long as this person is still around, I actually still do. quite doubtful Doge will return there unless Elon leaves from there then Doge will only be a coin of destruction.

[bakasabo]

Amazing, this is one of few topics were someone expect price to go down and it sounds real. In my opinion, the possibility for dogecoin price to drop to 1 cents is more likely than its price hits $1.
I also expect no dogecoin pumps in the future. As meme coin trend is dead, Elon Musk has switched to other business that crypto, or it seems he has no interest in it at all right now, I dont expect any natural price growth.

[TastyChillySauce00]

Anything is possible in the crypto. You can see doge coin going up and down but this will be happening once bitcoin is making a big move. There are so many resistance in the market for bitcoin to go up. I may think we will stay at the current rate even longer than before. you must also know if the fact if doge coin can go back to the 1 cents but it can also go to the 50 cents if the next bullish market will come. Doge coin is tied to the bitcoin and so any movement that will be made by bitcoin is giving impact to the doge coin.
These days are so difficult to predict where crypto will be going on.

[Bitstar_coin]

The time when Elon tweets influence the price have passed i think, this is also the reason why there is a frantic increase in utility by the dogecoin dev to sustain the artificial price pump, this coin was not created to have a real utility but thanks to Elon's influence it surge higher than many ever expected.
But bear market is no respecter of anyone (Elon Musk or not) the possibility that doge will go back to that price is very likely considering the bear market still persist, investors are looking for projects with real utility and great demand for price sustainability during period like this.

[Jackl87]

The market has been on a downtrend for quite a while now. Bitcoin, as well as other cryptocurrencies have seen their value wiped out within a matter of days. Investors are quite disappointed with how prices are falling at a fast pace. Some are beginning to believe crypto is dead (which we know that's not the case), while others see this as a huge buying opportunity to buy lots of coins at a discount.
I'm wondering if DOGE will go back to sub $0.01 prices ever again? If it never does, will that mean DOGE will someday go all the way to $0.50 per coin? I'd like to know your thoughts about this. Your input will be greatly appreciated. Thanks in advance.

Even though i dislike meme-coins with all of my heart because i really think that the meme-coin hype wave of last year where hundreds of new meme-coins appeared each and everyday were very harmful for the crypto market as a whole because they took away attention and also funds of course from "real" projects that were actually trying to achieve something, i have to say that i will always have a soft spot for Dogecoin. I will probably never invest into Dogecoin myself because i simply avoid meme-coins but i think the project as a whole is pretty likeable.
Regarding the price of Dogecoin. I don't really know what to expect from it because especially meme-coins are extremely hard to predict in my opinion. I think both outcomes are possible.

[ethereumhunter]

I really don't know if the Doge will be able to stay at the current price or will it return to the bottom. But if bitcoin slides to the bottom and hits $15k or lower, Dogecoin could likely fall again. And if that happens, we don't know what the bottom price of Dogecoin will be and we can only guess. With a large amount of Dogecoin currently circulating, it might be difficult to raise the price unless there was an event like yesterday where the price got a pump so it could rise sharply. We can only hope that what will happen next can bring good changes for Dogecoin and make its price increase again.

[WalkerIVIV]

I'm wondering if DOGE will go back to sub $0.01 prices ever again?

If bitcoin will crash again and why not? It will go back to the 1 cent again. That's why people are now always watching the bitcoin chart. bitcoin dump = doge dump and that's it.

If it never does, will that mean DOGE will someday go all the way to $0.50 per coin?

Even if it never does and it doesn't even mean if doge coin will be going to the 50 cents again. Elon need to bought billions of doge coins again to make it happen. We know that if elon was also holding doge coin and im sure that if this guy behind the big pump that happened with doge coin and shiba inu last year.

[tbct_mt2]

It is possible if we see altcoins lose their values a lot in past bear markets. From its 2021 all time high to today price, it loses 99% of its value. However, from its chart, I think price around $0.03 is safer to entry as it can bounces back from there.

Of course from $0.03 to $0.01 is very possible if we consider that Dogecoin has leverage trading. Liquidation will quickly force price down a lot.

[sbrys]

It should but I'm not sure if it will

[Note3]

In crypto indeed anything can happen, but what differentiate Dogecoin from other coins is that this coin has changed not only as memecoins but also considered as an investment and a strong community has made this coin last this long, I don't think Dogecoin will ever be able to return below $0.01 maybe it will only be the lowest price below that I think no, just my thoughts.