Topic: Does Dogecoin still worth to invest? (Read 1026 times)
Even before the crazy bull run in 2021, Dogecoin was looking overvalued. And that was when the market cap was around 1/100th of the current levels. And now the situation has got much worse. It has managed to get to a market cap of $30 billion without any solid basics (at one point, the market cap was as high as $60 billion). There are smaller altcoins with much higher adoption and acceptability rates, with less than 10% of the market cap that Dogecoin is having. The ground situation doesn't reflect on the market cap figure.
Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?
Doge is having great time in the last month but dont think its good to invest in some meme coin, there is definetly plenty good project out there which you can chose. Investing in doge is like chasing pump which not really good for long term. 
Doge may be going up but not as much as some time ago, considering that many people have been disappointed because of the losses caused by Elon playing with doge, but if you have the ability to read the situation when to start and get out of doge, you will definitely get a big advantage , like those who some time ago benefited from the doge pump.
Investing in Dogecoin right now is very dangerous, as it has just been injected. When the whale decides to spill, you may end up with a bag full of overpriced Doge. Though I believe that DOGE has the potential to be pumped again, I will play it safe and opt at other investments that have not yet been heavily pumped.
I think Dogecoin still has the potential to continue to rise, because Dogecoin can continue to rise not only because of its effects, but Dogecoin is already well known by many people, people who were not previously interested in crypto will change their minds because they see what is happening with Dogecoin. , and yes Dogecoin is still very much worth it to invest
Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?
Dogecoin will continue to grow and is worth investing in as long as Elon Musk is in it. Currently bitcoin is down and Dogecoin can be an alternative investment after burning. If you do want to invest in Dogecoin, invest only a small part of your portfolio in it
I think doge coin is one of the hidden gem which can replace the litecoin soon so it may be worth to invest in this coin.
Wow, but in my opinion Dogecoin is still not worthy of being called a hidden gem even though at this time Dogecoin is already in the 4th rank and has even surpassed Litecoin in the ranking, why is that? because the increase in Dogecoin is the influence of several large investors and one of them is Elon Musk who has been able to raise the price of Dogecoin from worthless to very valuable now. Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?
Dogecoin is headed for the star. It was a word that suited the current Doge better. In the past, we could only say go the moon. Today the price of Doge has risen again, even Bitcoin has turned red. It is likely that a few assets from Bitcoin have moved over to Doge today.
Doge today has experienced a pretty fantastic rise. in a short time the doge was able to increase to the current point worth more than 0.5 $. many believe they will soon see the price of the doge at 1 $. but the factor of bitcoin movement later which will influence the direction of the market will it increase or vice versa. for now we can only do market analysis and maintain financial control
Today is the answer of your question few weeks ago. Congratulations to all the strong hands holding DOGE even if it has made several ATH in a span of just 3 months. But, I'll be honest, I don't think it will be there for a long time. I'm not a fan but I admit, I'm starting to appreciate how it is going on right now.
I don't know what will be happened, some people might already bought Doge coin and filled their bag to sell it later when the price rising because Elon talk about it.
It seems people started to plan for long term holding as well. Like you have mentioned lots of people might be buying with short term plans as well but right now dogecoins reached around 1080 satoshi (approximately 60 cents in USD value) which means not all the people are dumping right now but simply holding with big targets.Who knows? Dogecoin may hit $1/$5/or even $10 in coming months to years. So, I believe this time, dogecoins are still worth to invest with. But, at the same time, we should risk beyond our affordable limits; yeah always sticking with basics of investment principle will avoid later regrets.
Well i think yeah. Most likely it'll hit $1 and maybe even more. Definitely more worthy than XRP.
I think doge coin is one of the hidden gem which can replace the litecoin soon so it may be worth to invest in this coin.
Waiting doge coin back to higher price depend how ever Elon Musk make new tweet about this coin, if Elon have stop promoting doge coin better not try to entry and hold doge coin. Have impact by Elon Musk make Doge coin back to higher price and many investor know with Doge coin after his promoting.
He actually tweeted about DogeFather few days ago, and will likely talk about Doge coin on Saturday.
I don't know what will be happened, some people might already bought Doge coin and filled their bag to sell it later when the price rising because Elon talk about it.
Waiting doge coin back to higher price depend how ever Elon Musk make new tweet about this coin, if Elon have stop promoting doge coin better not try to entry and hold doge coin. Have impact by Elon Musk make Doge coin back to higher price and many investor know with Doge coin after his promoting.
It may not affect the price of Doge now that it use before if ever Elon will tweet again since his followers already knew it and probably already bought some of it, those who but earlier that tweet or years ago of Doge will definitely the one's who really gain a lot from Elons tweet. I think if he will be able to tweet again other coins his followers will definitely make it a hype again but not in terms of Doge or other coins he already tweeted or created a hype with. So I'd prefer not investing too much again on it since I already gained some profits during the hype. Dogecoin has dropped after a huge breakout. Many hk people think that the bull market of Dogecoin is over. But some people think that Dogecoin still has a chance to go up. However, there’re very few information about Dogecoin in most investing forum in hk. It’s because hk people are more keen on investing stocks and bonds. Most people in this forum are professional in investing crypto. Could you tell me whether Dogecoin still worth to invest? Or the bull market of Dogecoin is over?
I think that dogecoin - it is good marketing, so this game could end in every time! If you want to invest, you can do it only for short time!
In my opinion, Dogecoin doesn't yet have strong fundamentals because Dogecoin's price fluctuations tend not to be as stable as Bitcoin and Ethereum. Therefore, if you still want to invest in Dogecoin then you need to do a good analysis, fundamentally and technically so that you don't take a wrong step in making a decision.
All the cryptocurrencies are volatile, so I am not going to hold that against Dogecoin. But my issue with this coin is that it is overhyped, and thereby overpriced. Do you guys think that it deserves a market cap in excess of $50 billion? Anyone who thinks so hasn't gone through the history of Dogecoin. The technology used in Dogecoin is at least a decade behind that of newer cryptocurrencies such as Cardano and Polkadot. In terms of adoption and acceptability, it is far behind Ethereum and Bitcoin. So why is it still ranking among the top-10 cryptocurrencies?
Waiting doge coin back to higher price depend how ever Elon Musk make new tweet about this coin, if Elon have stop promoting doge coin better not try to entry and hold doge coin. Have impact by Elon Musk make Doge coin back to higher price and many investor know with Doge coin after his promoting.
Elon Musk made a few tweets about Dogecoin. But that doesn't mean that he has promoted it. There are other powerful actors in play here. There was a report recently, which mentioned that almost 70% of the circulating supply of Dogecoin is contained in the top-100 wallets. And Elon Musk is not one of the top holders of Dogecoin, as he has mentioned that he doesn't own any Doge. The whales are hiding behind the name of Elon Musk, and we don't know who they are. But one thing is sure. Dogecoin is undergoing heavy manipulation right now.
Waiting doge coin back to higher price depend how ever Elon Musk make new tweet about this coin, if Elon have stop promoting doge coin better not try to entry and hold doge coin. Have impact by Elon Musk make Doge coin back to higher price and many investor know with Doge coin after his promoting.
I pity those who bought in the highs. As for me, I really did not invest in DOGE because it is a meme coin and I made investments on much investment-worthy coins and tokens. What I do is usually use DOGE for my transfers. But of course do it in way that it does not affect my coins in any way. I find DOGE fees very cheap when it comes to transferring from one wallet to another. I don't believe that DOGE is a worthwhile investment because of the simple fact that it can be manipulated by anyone who wants to earn a big buck, and that's the rich and the elite who do crypto.
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