Topic: Dogecoin prices are INSANE (Read 293 times)

I agree with the above question, Dogecoin has very interesting potential, I see the market portfolio has started to go up and I am sure Dogecoin will definitely continue to go up. If you want to buy coin memes, you should find the right time, for example when the price drops a little, then you can start buying Dogecoin at a time like this.

I'm not sure the price will be stable and lasting in the long term, however elonmusk has a big role to play in making this happen, and also some addresses hold a large supply of doge coins and can throw them away at any time.

Once Elon Musk is done, then it has to say the Doge's hypes it over. Unless if someone, another rich and influential person took place over Elon. But seems to be no other person could do this and I believe that the majority are just ignoring Doge because even newcomers know also about Dogecoin's market performance.
Doge price now at $0.4 (https://www.coindesk.com/price/dogecoin), this is pretty insane to think but because of Elon Musk, the price is very easy for him to manipulate.

With the "bloodbath" surrounding the crypto market these days, we're much closer to $0.01 per DOGE than we've previously imagined. The "meme" coin now sits at 32 cents and could go even lower as the hype fades away into oblivion. Newcomers into crypto will be regretting themselves big time, once they lose a lot of money in the process. I've always said that Dogecoin is extremely overpriced because of its current economic model. Hyperinflation will ultimately prevent Dogecoin from reaching higher prices in the future. Unless developers address this issue, I don't see Dogecoin going anywhere.

Nonetheless, time will tell us how far Dogecoin will go in terms of price and mainstream adoption. It could hit $1 in the short term if the hype continues. There are far better coins out there on the market which are well-suited as a long-term investment. We cannot expect much of a cryptocurrency that was initially created as a "joke". Whenever current prices are insane or not, that's up to the investor to decide. Just my opinion

All your questions are answered by understanding what Dogecoin is. Surely the only way to get such a capitalization was with the help of a character with that enormous influence.
The speculative aspect is more a bet on the doge even if Musk continues to foment this Hype, with the rocket to be sent to the moon with the developers (which developers?) Who will have to reduce the energy impact.
Doge is a joke and maybe even Musk takes us all for a ride.

One can dream, right? 
I think the chances are higher that we see a $0.01 Doge again 

I don't think DOGE will make a "flippening" anytime soon. Both Bitcoin and Ethereum are strong players on the market with a greater user base than Dogecoin itself. Besides, DOGE is highly inflationary. Ethereum is also an inflationary coin, but the rate of new coins produced is much more limited than Dogecoin itself. Based on the economics of crypto, we could say Dogecoin's prices are completely INSANE. Only a fool will invest into the "meme" cryptocurrency when prices are soaring towards new heights. It's best to "wait it out" until the hype fades away into oblivion.

Nonetheless, anything could happen in the strange and bizarre world of crypto. Whenever you see the opportunity to make profit, don't hold back. Otherwise, you'll end up losing all of your hard-earned money in an instant. The recent DOGE pump is good for early adopters like myself. For newcomers into crypto, that's another story. Whenever DOGE is overpriced or not, that's up to you to decide. As long as you play your cards right, you'll have nothing to worry about. Just my thoughts

Yes Dogecoin is a clear pump and dump coins.  Let's just wait how many latecomers will be burn when the addresses that hold the majority of the coins decided to cash out.  Doge price is really insane, I don't hate Doge but aside from the hype of Elon Musk, I don't see any reason for the price to surge like this one.  But well this is crypto and everything is almost possible.  I even see an abandoned shitcoin being pumped hard.

Most times I don't think insane prices can be removed or can be far from hype, that is, in other words hype gives rise to insane prices of cryptocurrencies; both goes hand in hand and also, the insane prices witnessed on a particular crypto is dependent on how big and massive the hype is.
It is true that looking at Dogecoin, it all started as a joke, no one saw anything good in it other than to have fun, but today it is sitting comfortably on the third position after flipping a lot of good and trusted coins, and even challenging Binance Coin as it seems, all these doesn't look sane but who cares, many people are just after the money.
Also, asking when Dogecoin hype will fade, I don't think anyone can answer that question correctly because the more it looks as if it's fading, the more it keeps pushing higher, at this juncture, it's either you overlook it and focus on other coins or you just take the risk with whatever you can afford to lose and buy. But in my opinion, as Doge has reached this height, falling badly might be far from it, and if any platform or organisation whatsoever tries to adopt it for whatsoever reason (none that I know of currently), then that will show another around of long term growth.

The reason is that life needs fun and entertainment.  It is fully satisfied by Doge.  Satisfy your needs in all spaces and circumstances.  Doge will soon surpass $ 1, the entertainment demand for the Covid-19 era is enormous, plus a huge worldwide community will join hands.  Elon's goal is to put Doge upright, and I think he will show his strength.  He is a person who respects the community.  Why Doge will keep going, Doge is supported with approximately 2000 ATH stations across more than 45 states in the US.  Cash flow in America is huge and they love Doge!

For months, Musk has been pushing the Dogecoin course with tweets. The Tesla boss is obviously well aware of his role - he advertised his appearance at SNL on Twitter as "The Dogefather", alluding to the legendary Mafia film "The Godfather". For years, hardly anyone outside of the crypto scene knew the digital currency. It has now reached a market capitalization of around 80 billion dollars, which is almost the stock market value of the largest US automaker General Motors. I think some will be disappointed when dodge drops. It is remarkable how it has developed, but the hype is what makes doge valuable.

Wondering why no one is thinking about bear market 😂, a meme coin doing so big in crypto space without solving any issue is crazy enough, I pity those who doesn't have a plan for what's coming because once bear attacks begin dogecoin will be one of the most dipping shit of a coin

Yes, Dogecoin does have a community, but make no mistake that everything that has happened to Dogecoin now is not only influenced by the community but also influenced by Elon Musk because he has been trusted by many dicrypto people who like Dogecoin.

I think this is a really bad time for you to buy Dogecoin. But it all depends on your analysis and your confidence in seeing market developments. The current price of Dogecoin is an insane price. because there are many investors who invest large capital there for the long term. This is what causes the price of Dogecoin to be very high.

It was created as a meme coin and there is no hiding about it unlike other thousands of coins that are in the market which are created just to make money for the developers and we know how much these coins have rallied and even though i never expected a bull run like this in Doge, i know it is a much better coin in terms of transaction speed than any other coin in the market and i used to use them to gamble, but after the rally i am not gambling like i used to because the risk of loosing is much higher and i am not having fun like i used to because of the increased valuation.

Doge will definitely try to make a flippering.  Its price only need to increase 5 more times and value of Bitcoin halve and we are at the flippering. Doge is widely accessible. Peopel can buy it on many ATMs and on many exchanges.  First $1 Doge, then flippering, then $10 Doge.

The increase in DOGE coins is indeed very large for a meme coin, but seeing that an altcoin that was only used as a joke can have a very high value,

which can be interpreted as cryptocurrency even though it is just a joke coin if it has a strong community it will definitely be could raise an altcoin

that has a low selling value.

This is really crazy at the beginning I know Dogecoin only has a price of $ 0.0028, now Dogecoin can reach a price of $ 0.7. It is truly extraordinary that Dogecoin can pump up to this size, with a price of this size investors have already made a big profit. but I believe Dogecoin can still pump more than this and will be crazy in the future. but for now for beginner investors the price is fairly high, and my advice for investors is not to be tempted by the current coin price and keep the coin in the future.

The supply is 129 billion, which is a lot of dogecoins in circulation, but as long as it's viable and it keeps expanding, it should be fine.
There will be more rich citizens who trade in Dogecoin, but newcomers will find it difficult to keep up. Dogecoin was out of control, dude. If it is a bad or decent time to invest in doge is entirely dependent on your analysis. 

I'm really obervative about this coin i owned 5 years ago because it was fun. i had a loooot of these, and it was worthless.  i ended up selling it for real coins, and never expected the fame coul go so high about a little doggy. I'm now 100% sure this market is pure speculation and manipulation and this is a tulip ponzi coming on all people jumping in now.
I woul say a good price for doge is 0.1 cent and i wouldn't even buy it excpet to send a few to some friends for fun maybe. no more, and not holding it.
Be careful of crypto traps

Dogecoin is extremely overvalued. But people don't care about this, since they're only thinking about filling their pockets with money in the least time possible. The "FOMO" sentiment will make many people regret themselves in the long term. Dogecoin was never meant to be used as a serious cryptocurrency in the first place. The huge inflation tells us that DOGE should be a worthless cryptocurrency with no future. If devs would've wanted Dogecoin to be used seriously, they would've eliminated the inflation mechanism of the cryptocurrency in the first place. Honestly, people don't know what they're doing these days. They're just driven by someone else's comments across social media. Elon Musk might be praising Dogecoin for his own financial benefit. No one knows what his true intentions are.

Nonetheless, it's a wild and crazy world we're living these days. Crypto has been crazier than ever, as people invest into the most unimaginable things just to make a quick buck. It may all go down the drain once hype comes to an end. How far Dogecoin will go will greatly depend on market demand. Don't expect Dogecoin to be a valuable cryptocurrency in the long term. A price below 1 cent should be the real value of a Dogecoin because of the reasons mentioned earlier. Just my thoughts

I think Dogecoin has very good potential, I think in the future the Dogecoin price will definitely continue to rise. if you want to buy Dogecoin, it's better to find the right time, for example when the Dogecoin price has decreased a little, then buy Dogecoin at a time like this. I have been paying attention to Dogecoin for a long time, at that time I thought that the price of Dogecoin would go up someday and now it has been proven that the price of Dogecoin has been much more expensive than the previous years.

Dogecoin was meant to be a joke, and is now an even bigger joke, with some randoms flocking in and entering any livestream no matter if it is about games or politics and asking questions about Dogecoin.
I don't know if this is a sign of a bubble and if the market has reached the tipping point. It could inflate more as stupidity is undrated.

It is insane. The supply is 129 billion and that's sure a lot of dogecoin's that has been circulating but as long as it's sustainable because it keeps growing.
There will be more wealthy people from investing in Dogecoin but for those new players, they'll find it hard to keep up.

In my opinion, Dogecoin is overvalued than other altcoins, no project, no use case in the market, who know the big whale control the price behind the market, if you buy it in last year, you can earn the money, anyway, stay away from this coin. 

It's too overvalued right now, I don't just understand why musk is pumping this coin where we have LTC and few others, I got so scared of investing on this coin because I feel like it doesn't deserve it's present value, what is musk trying to gain here? Someone have a clue?

That is if you want to profit instantly by taking advantage of sensations. For me this is not the time to buy a doge, as you question I totally agree if doge is only in a time of sensation because the richest mann today always bring it up, this is called the power of a name like advertising because doge today is crazy !~!!!!.

the price of Dogecoin is not good for the market and the image of other projects, many people will be disappointed but I hope they will be motivated to do the necessary research to improve future investments.

I think that the price of dogecoin is overvalued at this moment and that's awesome. Im thinking about the hype of doge coin will be last long. The doge coin could be dumped anytime but since more and more big players are entering into the doge coin for long term investment and that was creating a big hype.
Doge coin was going so crazy dude.
Bad or good time to invest in doge totally depend with your analyzation. IMO this is bad time to invest in doge at high price.

Yes, one should not follow blindly anyone. We should also see that no one's selfishness is hidden in it. It should not happen that he leaves with a profit and all else is lost due to the hype created by his tweets. Its always good to do your own research to buy a coin that has real potential and should not be like a pump and dump coin even I don't have much trust in Dogecoin. I won't take the risk to buy Dogecoin at a high price because it can reverse up to that level that can not be expected. In my opinion, it will fade away after the hype.

Dogecoin was always meant to be a meme-coin and it shows how much power the community can have to bring this project up into the top 6 of all crypto projects in terms of market cap. So i guess if people find Dogecoin attractive, likeable and just want to be a part of the project and own some Dogecoins themself than i don't see a big problem in that. What worries me more are the numerous new meme coins that emerged during the last days. Just look at the trending coins. Shiba, Akita, Sakura, Snoopy, Husky, i mean what the hell is going on there and who is investing in those projects?

I think the price is normal because the price got a tweet from Elon, which helps the price get a pump from many people. The result is that people make a big profit and still hold Dogecoin and wait for the next high price. I think I will wait for more to buy Dogecoin because the price now already higher. I think it is better to move to the other coins which have the same potential to increase.

I think the price is just a pump because of the news circulating, and the cryptic tweets by Elon, that push the price, but other than that there is no significant development happening for the coinn, aside from wallet core development they are still far from developing into something like payments and functions to the blockchain that I think will soon be taken into action, other than that it's just because of the hype.

eventhough now its totally overvalue , the holders from previous ERA seems no interest to load their bag, more than it, i just saw new rich address has born today, approximately about 2.57% from total supply has arrived to this address in a single transaction, which probably its still undervalue.

It is overvalued at the moment in my opinion so this is not the right time to buy unless you already made good chunk of profits from Holding doge for long term and you want to invest some of the profits back into the coin.

It is a good coin so there is no doubt in it but it became one of the highly manipulated coin by rich people link Elon so I will say stay away from it until you see a huge dip.

Dogecoin, the cryptocurrency that was meant to be a joke has finally crossed the $0.10 mark. It came to an ATH of $0.25 per coin a while ago. It seems that the hype is still surrounding the cryptocurrency, as Elon Musk continues to "shill" it across social media platforms. Who'd knew that a hyper-inflated cryptocurrency would be worth so much money? People are blindly investing into something that's meant to be worthless in the long run. Instead of doing their own research about the coin, they simply invest based on hype. Who knows how far the "meme" cryptocurrency will pump in this wild and crazy world of crypto?

Do you think Dogecoin's current prices are insane? If not, why? Will Dogecoin last after the hype fades away? Is it a good time to buy more DOGE? Or should you wait until the dust settles? Your input will be greatly appreciated. Thanks in advance.