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

[bittraffic]

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.

Doge plummeting to $0.01 will be a buying opportunity for crypto investors. I wouldn't be worrying if it goes to this price because this would mean the Doge the dumpers are selling will then belong to worthy holders.

Doge is just like BTC, it was once zero too. And its also decentralized like No CEO because he sold all he got and its nownup to the community to make things happen.

[crwth]

It has been a downtrend, and there are a lot of people who have lost a lot of money with this, and people have probably started losing their trust in cryptocurrencies "again". I hope they find a way to do it again, and maybe, in the long run, they will be happy that they invested again. It is one of the best buying opportunities out there, with all the coins.

As for DOGE, it has been a great run for it knowing how Elon Musk managed to make it to the moon, and many people have emerged millionaires because of it unless you diamond-handed it. It will be hard not to regret something you didn't take advantage of. We will never know how much it could change in the short term, but it will be best if you believe in it for a long time. As long as someone believes in it, it can go up.

More hype to it, probably?

[Teraboy]

that's kinda for certain considering that meme coins in general is just a trend, and trend like this tend to fade. It's just matter of trend changing in the future.
there's no real reason that keeps flows of investment coming to all these meme coins aside trend, and right now elon seems hardly shill all these meme coins.

[Mpamaegbu]

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.

That's correct. While many are bemoaning their losses, there are some who are raking in unbelievable profits by shorting available coins on margin trade and others are buying the dip through DCA technique. It simply goes to buttress the fact that even during a bull rally, not every investor benefits from it. As for Dogecoin, if it ever goes down to one cent or less, I'm going to load up on it. It's a risk I can take.

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).

Don't underrate those two coins you mentioned. They aren't mere cryptos and you should know it isn't for nothing that many exchanges list them. There must be something those exchanges see in them to enlist them. I believe that's the utility they have.

[Morningstarr]

If the market conditions remain the same and the market continues to fall, then the Doge will certainly reach $0.01. However, this seems quite difficult, but not impossible. A lot of people have invested in it because of the support of Elon Musk And they're confident that. Elon has been quiet for some time now, it's definitely because of market conditions. As the market improves, we will once again see the merits and memes of Doge in his tweets people will invest heavily in Doge, but by then it will be too late.

[GigaBit]

I wouldn’t be surprised if the Doge Coin moves back to 0.01 cents. This is because many altcoins have already lost 90-95 percent of their value and some even more. But since Elon Musk has been campaigning for it for a long time, he has a great contribution to develop the project as well . I think it will probably be limited to 05-06 cents or more. We have been going through a long time where we are not getting any news about Doge Coin. In the current market condition, it is also not possible. So we have to wait for the next bull market.

[cheezcarls]

Just like Bitcoin and any other altcoins out there, we just simply don’t know what would happen to its price the next day, week or so. The chances for Dogecoin to go back to sub $0.01 is if there’s the next big guy who is either the same or a much higher level than Elon Musk who is going to hype DOGE and pump it. Just my own opinion but no guarantees or promises here. Ain’t a financial advice too.

[masterrex]

IMHO, I think it's highly possible because we are in the crypto industry, An industry that has full of surprises and I believe anything can happen at any given time, and that 0.01 per Dogecoin price prediction might happen anytime soon if this market condition will continue to prevail and get worst, like what many says that a deep bottom will happen again in the likeness of 2018 bearish market experience so let's wait and see.

[Samurai trieng]

Judging from the popularity of DOGE which has started to grow again, I think the price of $0.01 is very likely to be achieved, especially now that DOGE's development is very convincing, where DOGE can survive against a very chaotic market like now, and its stability gives a strong signal if DOGE will grow as crypto market conditions improve.

[Balmain]

It has priced in very quickly, especially this season. Since it is priced like this, I think there may be some depth to it. Of course, thanks to Elon musk and his followers, it has attracted so much attention, I think this community in dogecoin now forms a solid ground in this coin. Depending on the BTC pricing, if BTC goes down more, the dogecoin will go down with it. I don't think it will go below 0.01, but anything can happen.

[FanEagle]

I think it will probably not get to 0.01, that seems quite low, but it is quite close to it as well so I can't really say much about it. I feel like if the bottom is around this levels, then I think it will establish itself at around a quarter and would probably not have too much changes after that. Doesn't mean that it can't go above 0.25 cents, it can, but the average of it, or at least the expectation should be around that.

Anything close to a dollar is beyond gone in my mind, shouldn't have been getting there anyway and this increase we lived in the past was a big mistake. In the end I feel like the best thing to do would be let it be like this and not bother it.

[zonefloor]

As long as Elon Musk supports Doge, I don't think Doge will experience serious declines. Because Elon musk is a world-rich person and has a serious following. So it will not fall. But whenever Elon Musk withdraws his support on the doge, that's when we go back to the old mediocre days and continue to use it for sending transactions between exchanges as before. Considering the situation of integrating Elon Musk Doge into Tesla, I think he will not withdraw his support.

[serjent05]

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.

In the cryptocurrency market, everything is possible.  Doge will go back to sub $0.01 if it losses its major supporter especially Elon Musk.  In the same way, it is also possible to go all the way to $0.50  if DOGE adoption becomes rampant.  After all, the market is a matter of supply and demand.  Whichever weighs more, there goes the market trend.

[True_Gift]

In my opinion there are actually only two possibilities regarding DOGE.

1). It will stand the test of time, giving it more and more legitimacy as the only meme-coin to actually having some kind of stable, long-lasting value.
I don't know many more cycles of crypto it would have to survive of this to happen, but just imagine it still is around in 30 years or so.
How wouldn't it be somewhat valuable after all that time. And given inflation etc. it falling below 0.01$ is also more unlikely as time goes.

2). The meme will die at some rather near time in the future. Maybe due to some hack or gigantic dump or just something unforeseen happening. Then it'll fall way below 0.01$ after some more time has passed.

Cheers,
Gift

[CuriousGeorge]

the trend was destined to end, after all it's a meme coin trend that is more or less is like shitcoin trend, it's definitely not sustaining for the long term as it requires newer people investment so that it could increase in value.
it honestly looks more or less like a pyramid scheme, it's still exist for the simple reasoning than some people think they could still make fortune out of it, meanwhile in reality they couldn't since hardly there is any new investment made unlike before.

[TelolettOm]

For this recent market, exactly this is impossible.
But for the future, I mean in the next bullish, none can exactly predict it.
However, noted that Doge has a very big community and this also has a very high market cap. This is also at the top 10 rank of Coin Market Cap and CoinGecko

There is still any possibility for Doge to pump again if there is some good news again. Although it will be very difficut, ebcause we know that Elon tried it several times by offering good news butit doesn't give high impact to Doge price. Hopefully it willr eally reach $0.01  again.

[Iyeman]

it has quite literally went sharply downhill ever since the latest elon musk shill in regard of memecoins in general I doubt it gonna have any more rallies in the future.
Instead the spotlight was already being taken by shiba, basically the same meme coin so I really think that doge could be very well ended its trend in this downtrend.
in the other hand meme coin in general are right now having low trade volume means the trend has gone, so doge could easly went sub 0.01

[ultrloa]

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.

Depends if Elon Musk will hype it up again since for sure we can see that to happen.

But if not? Well maybe we can see the same as before that Doge will became stable and take long years sleeping without getting any huge movement at all. But let see maybe the next bull run will tell everything on it since if we cannot see any constant changes even if there's a huge bull run will happen on bitcoin then this will close all the question about it.

[bakasabo]

Depends if Elon Musk will hype it up again since for sure we can see that to happen.

But if not? Well maybe we can see the same as before that Doge will became stable and take long years sleeping without getting any huge movement at all. But let see maybe the next bull run will tell everything on it since if we cannot see any constant changes even if there's a huge bull run will happen on bitcoin then this will close all the question about it.

What does hyping means to you? Making statements like "dogecoin will be accepted as a payment for SpaceX services" or "will be accepted for tesla accessories" ? Or mentioning dogecoin in tweets? For example June 19 Elon has tweeted I will keep supporting Dogecoin. This tweet got almost 400k likes, 40k comments and 50k retweets. And guess what has happened ? Dogecoin price gained 5-7%, but same did Bitcoin and other altcoins. So I would say that overall effect what quite minimal. I dont think Elon would significantly help dogecoin price to go up.

[Rufsilf]

As long as Elon Musk supports Doge, I don't think Doge will experience serious declines. Because Elon musk is a world-rich person and has a serious following. So it will not fall. But whenever Elon Musk withdraws his support on the doge, that's when we go back to the old mediocre days and continue to use it for sending transactions between exchanges as before. Considering the situation of integrating Elon Musk Doge into Tesla, I think he will not withdraw his support.

Well, we still don't know. I don't hear any from him in regards to Dogecoin, just to wonder why but I don't care cause I don't have Dogecoin anyway. However, those who hold a lot are praying this never happens.

Anyways, seeing its price now is currently at $0.06, not that close to $0.01 but yes, if the decline continues this comes to happen again like in the previous bear season. What just we need to prepare for the worse most especially for the holders. I hope they will still have the guts to hold or just sell them.