Dodo token a good buy for long term hold? - page 2.

arifteguhr

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Quote from: Anonymous100 on March 31, 2022, 01:20:47 PM

Will the price of Dodo stay at 0.5? I think this token will be much lower compared to the current price.
But if you buy and hold for the long term, you may still have a chance to make a profit. However, Dex's competition is currently very high. Most of the platforms developed now are Dex platforms.

Dodo has also developed its own Dex and has also been used by some people who like to swap their tokens, but considering the competition, I think Dodo will still lose when compared to Cake.
This is why Pancake will still remain famous while Dodo will have to fight even harder for its competition.

Pterosaur

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BSW ( Biswap ) is better than DODO and the price will increase better than DODO due to better popularity but DODO isn't bad either but the team need better marketing and a new strategy to attract more investors.

VRExpress

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Quote from: koang on April 01, 2022, 02:18:35 AM

DODO hit ATH $8,38 (CoinGecko) in February 2021. Since then, the price has declined.
The launching of DODO v2 added more functions to the DODO tokens besides its governance power.
But like other governance tokens, the price will increase as users grow.
Personally, in the long term. I prefer to hold Cake or UNI. IMO

So every coin or token that decline in price are bad? Just because DODO failed to reach its ATH for now doesn't mean its the end for this dex platform, this dex is still new and their long term plan isn't bad at all, with constant updates they will get better.

koang

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DODO hit ATH $8,38 (CoinGecko) in February 2021. Since then, the price has declined.
The launching of DODO v2 added more functions to the DODO tokens besides its governance power.
But like other governance tokens, the price will increase as users grow.
Personally, in the long term. I prefer to hold Cake or UNI. IMO

ardydyon

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for current conditions you should just trade for dodo. because of the current unstable market conditions.
potentially dodo is very good in the future because it has its own token, nft, and market. so they can build their own identity.
This token has good potential in the future. if you want to hold is also good because right now they are at their lowest price.
hold now until dodo exceeds ath 7$. I think this is good too

Anonymous100

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Quote from: MidNite36 on March 30, 2022, 11:47:14 AM

Is DoDo token a good one to hold for long term? This dex have been on my mind for a long time now, its ATH was 7$ and now its trading at 0.55$ I believe its a good price to buy now or what do you think?

Will the price of Dodo stay at 0.5? I think this token will be much lower compared to the current price.
But if you buy and hold for the long term, you may still have a chance to make a profit. However, Dex's competition is currently very high. Most of the platforms developed now are Dex platforms.

bittick

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this one dex seems have been appearing a lot in listing some of the newer altcoins that could be a good sign and prove that this altcoin could be having great return of investment in the future.
but i’d still stick with altcoins in term of exchange altcoins that are coming from rather centralized exchange considering that these usually have direct price change by the performance of the exchange itself unlike any decentralized exchange altcoins that usually have relatively weak relation with the performance of the dex itself since as you know it’s dex, it usually never made any breakthrough in listing, etc because they could literally list any altcoins that are compatible within their platform. take it with grain of salts because just my 2 cents. This token was a good token for short - mid term investment.

DevFile90

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We've seen good altcoins losing massive amounts of their value over time and this still doesn't stop the project from growing big later, you can't judge the future performance of a token base on today's price per token. DoDo looks good and those saying otherwise have been disappointed because this project failed to bring their dream into reality.

asyakashi

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I know DODO is a medium tier exchange which is pretty good to use but not very popular with the community.
I'm not a DODO fan but I'll try to help review, DODO is a decentralized exchange and DeFi can compete with other DeFi.
However, the DODO Project has recently experienced a decline from its ATH of $7 to now only $0.55.
In the long term it seems quite profitable because it is very far from ATH, and the DeFi trend is still good enough to be an investment, it is possible that in the future DODO will explode.

Adbitco

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Quote from: MidNite36 on March 30, 2022, 11:47:14 AM

Is DoDo token a good one to hold for long term? This dex have been on my mind for a long time now, its ATH was 7$ and now its trading at 0.55$ I believe its a good price to buy now or what do you think?

If the price could move from $7 as ATH to $0.55 then there is no potential on the token unlike any other swap token that has a price stability and sustainability, secondly i have never traded over there and i would advice you to invest in well known swap such as UNI, Pancake and others they are good for long term holding instead of DODO.

JeffBrad12

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DODO is a good one but not for long term investment even when the chart looks like at the bottom for now. It seems like the dodo token is starting to break out right now. It can be seen from the daily trade volume of dodo token that is increasing a lot too. This can become the right time to buy this. You can use this for short term and i prefer to take dodo as the next token that will be pumped so hard. You must be careful as the pump is incoming.

Let's see how this dodo token will be going on. Im sure that break out will happen very soon. It seems that people are also preparing to pump this token.
Yes for short but no for long.

MAAManda

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This token is almost 100% price drop. From $8.51 and now only around $0.55, this should be an opportunity to buy below in my opinion, but for long-term investment, I will not choose this token, because there are many other tokens that have more potential for the long term, say just like UNI, SUSHI or even CAKE. FYI, This token has several well-known backers, such as Coinbase Venture Capital, Pantera Capital and Alameda Research.

Erumo

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Where do you even find these "gems" ? Never heard of Dodo before.

Lets take a look on what DODO is. Another dex and DODO is a token that allows to save on trading fees. Not really an impressive bonus, as DODO dex is not the most popular right now. Holders hope that dex will develop, but what else or new can this dex add, what others dont have? Cant think of something special. I dont think that tokens price would increase with time, as dodo competitors will also develop and their tokens value would also grow. It will be a race of balance, where if one gains, other gains the same.

asriloni

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This is a good token to be used as a small bet for the long term. The popularity of dodo swap was not so big like pancakeswap. This is another option for the pancakeswap. Talking about the potential owned by this token and yeah it doesn't seem good at this moment with so many innovation launched on pancake swap and this is making this swap service will become an outdated swap platform for long term.
It has been dropping a lot and do you know that? that means if dodo can't even sustain its price to be stable at this moment.
I think that if you can find another option rather than use this token as your investment.

dansus021

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its always depend on you, if you are seeing this DODo was good go ahead but for longterm i would prefer top 5 cryptomarketcap.

in my opinion dodo is worth to watch i personally using this app very frequent for swapping the system is finding the best price accross multiple dex so if u familiar with 1nch router dodo had similiar one and second dodo is launched by binance labs if i dont mistaken and as you can see that binance is always looking good coin/token and the third according the website is multichain and

have $54B all time volume 10.95M total transcation almost 1.5M of user

kojektea

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Quote from: MidNite36 on March 30, 2022, 11:47:14 AM

Is DoDo token a good one to hold for long term? This dex have been on my mind for a long time now, its ATH was 7$ and now its trading at 0.55$ I believe its a good price to buy now or what do you think?

I think Dodo is perfect for the long run.
Judging from Dodo's long history of launching, it puts him on par with major DeFis like Uniswap and Pancakeswap.
But maybe Dodo is not very well known or the Dodo trend is getting saturated, they are still growing well I saw it on their twitter,
If it is invested for the long term I believe this is the best but it looks like the price has now gone up more than 11 percent, but it's not problem if bought for long term.

adzino

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Quote from: MidNite36 on March 30, 2022, 11:47:14 AM

Is DoDo token a good one to hold for long term? This dex have been on my mind for a long time now, its ATH was 7$ and now its trading at 0.55$ I believe its a good price to buy now or what do you think?

Never hear of Dodo token. Just because it has a DEX doesn't mean it is a good token. There are many shitcoin or tokens with DEX. They are still considered a shitcoin.
Why did the price go so high? And why did it drop? Was it because of a hype the price when that high? Did the price crash a lot because the hype was over? Then in this case, I would suggest you to not invest in tokens like this whose price depends on the hype.

Kelvinid

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Quote from: MidNite36 on March 30, 2022, 11:47:14 AM

Is DoDo token a good one to hold for long term? This dex have been on my mind for a long time now, its ATH was 7$ and now its trading at 0.55$ I believe its a good price to buy now or what do you think?

It is very a good price to buy at a time when the market is down but there are several things you need to reconsider upon purchasing...

* market potential - thinking for granted that if we buy today we can assure that the price will increase in the future
* exchanges - listed in know exchangers is quite an advantage and for us, we can easily make a trade of it in case we need.
* lastly, not created for hype - well, thinking in this situation, losing it is near possible especially if we don't monitor the trend closely.

jossiel

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$6 was the ATH for this token and now it's very low.

The volume that this token is getting is from Binance and kucoin. I think as long as you know the ins and outs of this token and you're believing it.

You should only invest the amount that you afford to lose. I have seen this dex when it was very popular not until the food name dexchanges came, pancake/sushi.

Xal0lex

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Quote from: MidNite36 on March 30, 2022, 11:47:14 AM

Is DoDo token a good one to hold for long term? This dex have been on my mind for a long time now, its ATH was 7$ and now its trading at 0.55$ I believe its a good price to buy now or what do you think?

The price, after ATH, is almost back to the low values it had in 2020. In principle, it is possible to take a risk, if the full altcoin season starts now and many altcoins, which were losing their value in recent months, finally find a price bottom and turn around. But I wouldn't use this token as a long-term investment. For speculation, since it is now at the bottom, it could be used. In any case, DYOR.

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