Is Dogecoin Dead ?

[Xal0lex]

The Dogecoin price seems incredibly bearish and if Elon Musk quits as the Twitter CEO, the token may be badly impacted. Earlier Coinpedia made dogecoin price prediction for the end of 2023, as $0.158. But with current news it wants us to rethink and ask – is doge coin dead?

It's a bear market right now, all coins are trading very poorly because there is little liquidity in the market. It doesn't matter if it's DOGE or Bitcoin. Musk stepping down as CEO changes absolutely nothing. If Musk becomes an ordinary Twitter user again, he can just as well publish his tweets, which will raise the price of DOGE, and he does not need to hold any position in the company for that.

[Argoo]

That's just bummer. But Doge didn't die even before Elon I think Doge will still be around for there are tons of its supporters not going to give up.

Elon stepping down as CEO is just not right as he started the war for free speech on Twitter, I'm suspecting he got scared by the threats of a political party. Or he realized he just realized he can't win in turning twitter into the world's town hall.

We all know that Dogecoin has grown in price thanks to the actions and statements of Elon Musk in relation to this coin that this coin has a good future and it will grow in price. Such coins usually also fall rapidly on their own some time after their rapid growth in value. Especially since Dogecoin does not have any useful features. Apparently, this coin will lose value gradually, unless, of course, something unforeseen arises that speeds up this process.

[jaberwock]

Twitter has no positive correlation with dogecoin's emergence. It was just Elon musk's influence which contributed with the previous uprise on its price.

To answer whether it is dead or not, unfortunately it could be but it can also still recover. That's the problem with tokens having no utilities;they tend to rely solely with demand. So if there are no demand for it, you won't see its market value reaching ceilings. Unlike with utility tokens wherein , its usage could be a factor to catch the interest of investors towards it giving a stronger support for its market value.

This is true, and today we are seeing how crazy that dude could be, and how there is a big blowback to him. He does polls about many things and always loses for one single reason, the users of his own company doesn't think the way he thinks and that's the issue. He asked about so many things and in the end he literally lost the "should I step down as head of twitter" lol.

So, this was the guy millions invested their money into doge because he suggested it, imagine being as delusional as investing into something just because a weirdo said it. Maybe there are some people who like him for what he did, which is respectable, but do not respect who he is.

[lobo13hf]

honestly I didn't see relevancy in regard of elon with all these twitter things against the valuation of doge coin, even doge coin itself didn't get integrated in twitter platform so even if twitter went bankrupt this coin will definitely retaining its value, even if its value might go down a little bit, still it's not gonna be as significant as you might think it is, elon is just a shiller for doge coin, this coin will remains having value increase as long as elon keeps shilling for it even in the future.

[livingfree]

And for the price of Dogecoin, it's survived a lot of tough times even if there's no Elon and hype.

I agree with this, Doge is hyped for having Elon but even without Elon's backing is very difficult to die. It will probably go back to its original position and go unnoticed but it won't die.

I just want to see that where everyone knows Dogecoin as the typical and king of meme coins.

That's what we need to see so that people will stop associating Dogecoin from Elon or Twitter and the same for other meme coins that has been attached to it.

Without Elon's backing up, Dogecoin will remain to be there but might not be of the same price as the ATH. But still, it can happen since the community is still there.

[Vaskiy]

There is no hype and there is no push from the Influencers. This keeps the dogecoin market stable without much of bullish move. Expectations over dogecoin won't end with success all the time. Right now it is time to hold, if not the better option is to move the funds towards somthing on the top list to experience the return at the shortest as we're nearing the year end.

[Pandji02]

I don't think DOGE is dead, but I don't see a big bright future for it either. It's Reddit community is still active, and the price is not going down too much. But I really doubt it will reach $1.

[DeathAngel]

Dogecoin isn’t dead no. It’s just in a significant down turn, a regular bear market like basically every cryptocurrency token/coin in existence. These trends don’t last forever even if you might be sad & it feels that way. Just try to stay strong & think about & do other things. Doge will rise again & hit new highs, you may have to be patient though, due to the current world financial situation it could take another few years.

[BlackRexuz]

The Dogecoin price seems incredibly bearish and if Elon Musk quits as the Twitter CEO, the token may be badly impacted. Earlier Coinpedia made dogecoin price prediction for the end of 2023, as $0.158. But with current news it wants us to rethink and ask – is doge coin dead?

It's a bear market right now, all coins are trading very poorly because there is little liquidity in the market. It doesn't matter if it's DOGE or Bitcoin. Musk stepping down as CEO changes absolutely nothing. If Musk becomes an ordinary Twitter user again, he can just as well publish his tweets, which will raise the price of DOGE, and he does not need to hold any position in the company for that.

It's very vulnerable to buy Alt at this time, not because we don't have trust, but I'm also monitoring the current conditions which are still vulnerable to losses. The Bear Market hasn't ended yet.  again a significant increase, much to the disappointment of everyone who bought at that time and threw it at the lowest price, so I'm still reluctant to buy even some Altcoins or Bitcoins, because they still have a risk in each capacity..

[Jackl87]

Dogecoin Price Losing the Grip as Elon Musk May Not Remain Twitter CEO for Long!

The Dogecoin price has been trading below the crucial 200-day MA since the beginning of the yearly trade. Meanwhile, the buying volume has fallen heavily. Also Today Elon Musk expressed his willingness to step down as Twitter CEO. He conducted a poll on twitter platform.
The Dogecoin price seems incredibly bearish and if Elon Musk quits as the Twitter CEO, the token may be badly impacted. Earlier Coinpedia made dogecoin price prediction for the end of 2023, as $0.158. But with current news it wants us to rethink and ask – is doge coin dead?

If the only reason why a crypto project has a good price development, is the fact that a famous person that actually has no connection to Dogecoin whatsoever is making funny tweets about it, then this just means that this project does not really have any use case and does not provide any benefit for it's users. In the end it is just a meme-coin and no one should expect to much from such projects as Dogecoin was introduced as a fun and likeable project a few years ago. Sadly the the tweets of Elon Musk have initiated that crazy wave of second generation meme-coins and during the hype of that wave 1000's of new shit-coins appeared every day and now meme-coins are likeable anymore.

[fenican]

Dogecoin has been dead for years, it is a copy paste coin with no useful purpose, but there are periods where it was price pumped by a billionaire likely for his own personal profit or that of his friends. SEC should really investigate.

[Tadic]

Dogecoin Price Losing the Grip as Elon Musk May Not Remain Twitter CEO for Long!

The Dogecoin price has been trading below the crucial 200-day MA since the beginning of the yearly trade. Meanwhile, the buying volume has fallen heavily. Also Today Elon Musk expressed his willingness to step down as Twitter CEO. He conducted a poll on twitter platform.


The Dogecoin price seems incredibly bearish and if Elon Musk quits as the Twitter CEO, the token may be badly impacted. Earlier Coinpedia made dogecoin price prediction for the end of 2023, as $0.158. But with current news it wants us to rethink and ask – is doge coin dead?

It's not dead what are you talking about? Millions of people use Dogecoin daily.

Dogecoin price low doesn't mean it's dead. It means it's a buying opportunity.

[Yogee]

....But with current news it wants us to rethink and ask – is doge coin dead?

No doubt Elon help the coin become more popular to the mainstream but not enough to bring it down even if he decides to withdraw his support. Dogecoin survived the years when it has no real lead developer or no significant updates on the chain level and has nothing but a community. It remains a popular choice among users like gamblers who wants to transfer funds with cheaper fees that's why it's present in many casino deposit options.

[Bitstar_coin]

Elon is too busy working on Twitter that he had no time to chill about dogecoin lately, the truth is - dogocin has no real utility except the tweets from Ellon Musk, and since he is unable to do that lately the price of dogecoin is dropping fast. This is not a long-term project, perhaps investors are beginning to realize that.

[ven7net]

Dogecoin Price Losing the Grip as Elon Musk May Not Remain Twitter CEO for Long!

The Dogecoin price has been trading below the crucial 200-day MA since the beginning of the yearly trade. Meanwhile, the buying volume has fallen heavily. Also Today Elon Musk expressed his willingness to step down as Twitter CEO. He conducted a poll on twitter platform.


The Dogecoin price seems incredibly bearish and if Elon Musk quits as the Twitter CEO, the token may be badly impacted. Earlier Coinpedia made dogecoin price prediction for the end of 2023, as $0.158. But with current news it wants us to rethink and ask – is doge coin dead?

It is difficult for me to predict the situation around the Doge coin, since strange things have already happened to it several times, I mean a sharp increase in the price. Also, now we cannot know what is happening and whether there is an impact on the price of Doge coin. But still, I see that the fall in the price of Doge coin and trading volumes is a general market trend, which, unfortunately, is not very good. Perhaps in the future the situation on the market will improve and this will affect the price increase for Doge coin.

[Kelvinid]

....But with current news it wants us to rethink and ask – is doge coin dead?

No doubt Elon help the coin become more popular to the mainstream but not enough to bring it down even if he decides to withdraw his support. Dogecoin survived the years when it has no real lead developer or no significant updates on the chain level and has nothing but a community. It remains a popular choice among users like gamblers who wants to transfer funds with cheaper fees that's why it's present in many casino deposit options.

Not I think it was easy for him to give up and leave Dogecoin because I see that he also gain benefits from this project. Perhaps, we can see huge support from the community bringing Dogecoin to survive in many market crashes. Though we know that Dogecoins is a meme coin but we can't deny that it has also been useful in other ways ( transaction fees). Many people had just missed it but for some people, this coin is valuable to them, and can't afford to lose it in their hands.

[wheelz1200]

I don't think people understand that the eme coin craze was just a fad, with doge being the leader.  There is literally no need for it in the market and the only people holding it up at this point is the bagholders that bought into the idea that doge will actually be worth something someday.

[savetheFORUM]

I don't think DOGE is dead, but I don't see a big bright future for it either. It's Reddit community is still active, and the price is not going down too much. But I really doubt it will reach $1.

Dogecoin has a large community not just on Reddit and this is the reason why this coin won't die anytime soon even without Elon but Musk did a big thing to this coin before and that will always be remembered by the people. There are speculations before if Dogecoin's value will reach 1 dollar or not but that was the time when Dogecoin is still on hype.

Now, it's completely different. $1 isn't also the price the OP stated in his post but it was $0.158. Dogecoin's current value right now is $0.075. I think this wasn't too far from the said price earlier so I do believe that it will come back there especially if the crypto market as a whole return to normal.

[Questat]

There is no hype and there is no push from the Influencers. This keeps the dogecoin market stable without much of bullish move. Expectations over dogecoin won't end with success all the time. Right now it is time to hold, if not the better option is to move the funds towards somthing on the top list to experience the return at the shortest as we're nearing the year end.

Having Dogecoin stayed for many years and also many negative discussions, I think they are already at success. Though I can't see how long this project will stay and be supported by the community, I know many people still use this coin for some reasons. It was not a reason because no Elon Musk it will die, it was not the reason we think it soon dies because of a declining value. It will just die if nobody will value this coin and all investors will dump together and reject it. Dogecoin is not literally a good choice of coin to hold but at least, it can be useful to some other ways.

[sulendra12]

The Dogecoin price seems incredibly bearish and if Elon Musk quits as the Twitter CEO, the token may be badly impacted.

Pretty sure the price was pumped because Elon just tweeted about Dogecoin and nothing more than that.
It doesn't matter if Elon wasn't the CEO of Twitter or even he would resign from Twitter. That doesn't affect anything at all, the hype is already gone long after the tweets from Elon Musk.

Earlier Coinpedia made dogecoin price prediction for the end of 2023, as $0.158. But with current news it wants us to rethink and ask – is doge coin dead?

Everyone are free to make prediction, but it doesn't guarantee the result.
Also it doesn't make dogecoin is dead, but surely you have to choose carefully if you want to invest on anything.