I wonder what's gonna happen to the value once we mine 100,000 blocks and the payout gets halved.
The value will bounce before then, there is a couple services already coming out in the new year , Doge Road if implemented correctly will bring some more value.
Once exchanges like btc-e introduce dogecoin then we will experience real pumps and dumps. I have seen 2500 btc sell walls gets smashed when some good news came out for litecoin.
On Cryptsy it lags when there is a pump or dump of doge and 50 btc sell and buy walls seem impossible to break unless removed, this is because a lot of big players are still weary of
trading on cryptsy with it's unstable service.
Like I and others have said before it is unfortunately the most profitable coin to mine at this stage and will be subjected to more dumping then pumping. This as miners who just mine on multipools only care about exchanging for btc no matter what coin they mining. True investors are just smiling and buying up at these prices and a lot of people believe that they will never need to sell Doge as other merchants accept it in the future.
For a coin that is barely a month old it already has a lot more going for it then 90% of the other coins out there,
coins that have been in existence for ages I might add. Also with LTC operations being based from China people are looking for alternative alt coins even the Chinese.
I will be putting another $1000 into dogecoin instead of btc end of Jan if prices are still below 100, if you read my previous posts doge should be +-147 at least so these prices are bargain thanks to it being the most profitable coin to mine and dump.