I think I’ve officially changed my tune on Doge coin. I never took Doge that seriously in the past because of its origins as a meme coin. However, when the richest man in the world supports a coin and has consistently been championing it I have been reconsidering.
I’ve been following Doge now and am definitely looking for a good entry point. I have some fiat and I think I’m going to diversify and pick some up. I have to admit at the end of the day Musk’s endorsement means a lot to me.
Topic: Notice that while BTC & ETH fall, Doge is Stable (Read 410 times)
Now you mention it, it is really strange indeed.
I think doge is being supported by some people, they buy the coin when the price hit a certain point.
Doge coin is only meme coin, but it is often to make people surprised by its price.
I think doge is being supported by some people, they buy the coin when the price hit a certain point.
Doge coin is only meme coin, but it is often to make people surprised by its price.
Wouldn't be surprised if Elon didn't support Doge. Recently, Elon has been embroiled in lawsuits with doge, many claiming that ELon advertised and gave doge buying advice to many investors causing them to lose money. If Elon abandons doge and chooses another shitcoin to play with, this is the end of doge.
It’s not really just Dogecoin that’s doing that, some other Altcoins too maintained their state (although already poor) and I won’t consider this as a win because these coin already has low prices and their drop won’t be as noticeable as Bitcoin or Ethereum, this fact doesn’t make the solid even at this time, I feel when the markets get better many of this coins won’t have the pump momentum as bitcoin would have by then.
I see, this could be the reason why their price remained even though the two heavyweight cryptos are falling. maybe they've just already sinking just before the top coins are falling and they don't need to follow the trend since they are already there. It's a worse thing to do when you decide to invest in those coins because they might even fall lower when bitcoins don't recover this month or the next month. Right now, there's no need to rush but the good thing to do is, wait for the right timing to enter the market to avoid bull traps.
It's funny to hear that dogecoin was stable while other coin fell. When we all know that dogecoin has been tagged with different names ranging from ponzi scheme to shit coin and every other derogatory names that are associated with falling values. My greatest wish is for dogecoin to regain its worth during the next bull run.
Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.
Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.
Elon?
The comparison in the fall of Doge is about the same as with the legendary coins which are BTC, ETH and other founders of the entire cryptography industry. And as rightly noted here, some altcoins will no longer be able to rise to the level that they reached in the past. All this has already happened and will happen again in the future. So, very interesting and unpredictable turns in the cryptocurrency market are ahead of us. It can even be said that amazing moments from the milestones of these fluctuations are yet to come. Doge refuses to budge below 5 cents.
Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.
Elon?
It's a meme coin after all even if doge coin reaching ATH right now at the middle of bearish I wouldn't be surprised for the simple fact that it's being called meme coin for a reason.
Doge could increase its value just because elon shill, if elon desires to shill for it, it could literally increase in value right now.
Though as I've seen from the doge chart it seems that the coin also have massive correction so it's more or less still following the trend.
Doge could increase its value just because elon shill, if elon desires to shill for it, it could literally increase in value right now.
Though as I've seen from the doge chart it seems that the coin also have massive correction so it's more or less still following the trend.
Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.
Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.
Elon?
Elon is big Influencer of doge coin it is not unknown to all crypto lovers. Since he has established himself as a successful investor in crypto as well as exposing his interest in doge coins, he will not give up easily. He is definitely planning on it. Maybe in the near future we will see its reflection. Doge refuses to budge below 5 cents.
Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.
Elon?
Checking the charts, Doge has dropped about 37% over the last 30 days, while Bitcoin is at around a 35% drop and ETH is over 40%.
Not dropping below a certain resistant point over a period of time does not equate to more stability when compared with other coins.
Not dropping below a certain resistant point over a period of time does not equate to more stability when compared with other coins.
Actually btc dropped ~40%, in the last 30days.
$30k down to ~$18K, is $12K.
Mainly talking about the last 24 hours where Doge has barely moved, and btc dropped ~$2K.
The fact that dogecoin did not drop substantially at the time of Bitcoin and ethereum decline does not mean that it hasn't dumped much more considering another time frame maybe 7 days or 3 days record. Dogecoin has dropped significantly when we consider the alt and the present trading value.
There are probably still many people who are still blind to this coin. Anyway, it is not the first and only case here to receive hype and interest from influencers. I see Dogecoin as still one of the big jokes to this day. When it's not the top pick in the category I think it is, the problems that followed after Elon's backing brought a big change of great interest. But whether there is anything different than that connection, I always find it amusing to compare it alongside the top things in the crypto market.
Just because it is getting some hype attention from the famous people who want that attention, doesn't mean that it is a logical coin to invest into.What you are investing into is a thing that even the creator said it took him a few hours and nothing more, it is one that has people who own majority of it and so forth. This is why I would like to say that it is investing your money into something that is a trash and joke and nothing more.
I can see people being interested in shiba inu, something that was created by the owners to get the hype of doge as well, and that is double stupid to me, how could anyone think leftover hype of a hyped thing could be bringing you money. Interesting to say the least.
There are probably still many people who are still blind to this coin. Anyway, it is not the first and only case here to receive hype and interest from influencers. I see Dogecoin as still one of the big jokes to this day. When it's not the top pick in the category I think it is, the problems that followed after Elon's backing brought a big change of great interest. But whether there is anything different than that connection, I always find it amusing to compare it alongside the top things in the crypto market.
Each coin usually has its own fans, as well as Dogecoin, there are fans who still believe in the future of Dogecoin. So Dogecoin is still in demand
by some people, people who believe in Dogecoin will try to accumulate Dogecoin. Therefore, it can be said that the movement of Dogecoin is
quite stable at the moment, especially since Elon Musk still provides support for Dogecoin. Therefore Elon Musk followers who still believe in Elon Musk
will buy Dogecoin. No wonder Dogecoin is now in the top 10, it means that quite a lot of investors are interested in investing in Dogecoin.
But I think it's very risky to invest in meme coins during a bear market. For me, it is better to invest in BTC or ETH, which have been proven to be safer.
Now you mention it, it is really strange indeed.
I think doge is being supported by some people, they buy the coin when the price hit a certain point.
Doge coin is only meme coin, but it is often to make people surprised by its price.
I think doge is being supported by some people, they buy the coin when the price hit a certain point.
Doge coin is only meme coin, but it is often to make people surprised by its price.
Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.
Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.
Doge refuses to budge below 5 cents.
Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.
Because this shitcoin has already lost most of its value. There is not much liquidity left in this project, so there is nothing to fall there, everyone who wanted to sell, has already sold long ago, there is a large number of hamsters who have bought coins for 20-60 cents and can not sell at 5 cents, because it would be tantamount to just throwing them away. And such majority in this project.
You cite BTC and ETH, but BTC and ETH lost 70% and 76% of their value, respectively. DOGE lost more than 91% of its value.
Anyone else noticing that while BTC drops $2K and Ethereum below $1K
Doge refuses to budge below 5 cents.
Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.
Elon?
Doge can survive at $0.05 because this price is indeed a strong price for Doge, and of course very strong support, Doge refuses to budge below 5 cents.
Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.
Elon?
if you say stable, of course you are wrong, Doge price has dropped -90% from its ATH, and you say stable?,
if Doge down and $0.05 is broken then you will see even more terrible things
There are probably still many people who are still blind to this coin. Anyway, it is not the first and only case here to receive hype and interest from influencers. I see Dogecoin as still one of the big jokes to this day. When it's not the top pick in the category I think it is, the problems that followed after Elon's backing brought a big change of great interest. But whether there is anything different than that connection, I always find it amusing to compare it alongside the top things in the crypto market.
And now I've seen doge go down with bitcoin too. I pay more attention to the decline in doge in terms of percent not nominal
On June 7, doge was at $0.08 and today at $0.05 or if calculated on a % down 30%
On June 7, bitcoin was at $30,000 and today below $20,000 or down % by 35%
I don't really mind the nominal decline, because the two coins are clearly different in number, but if you look at the % decline in Dogecoin it still follows the decline in bitcoin
On June 7, doge was at $0.08 and today at $0.05 or if calculated on a % down 30%
On June 7, bitcoin was at $30,000 and today below $20,000 or down % by 35%
I don't really mind the nominal decline, because the two coins are clearly different in number, but if you look at the % decline in Dogecoin it still follows the decline in bitcoin
Let's also see if it will go up when Bitcoin and Ethereum does in the upcoming days or weeks.
That's the frightening part when buying this coins that are too much affected by a pump and dump scheme. You will never know when someone is manipulating it behind curtains.
It looks positive today and that's when most of the coins are down so you try to buy it and expect a better result but none may come as you patiently wait.
I'd stick with the dumped coins who has better chance to be pulled up because of Bitcoin demand.
That's the frightening part when buying this coins that are too much affected by a pump and dump scheme. You will never know when someone is manipulating it behind curtains.
It looks positive today and that's when most of the coins are down so you try to buy it and expect a better result but none may come as you patiently wait.
I'd stick with the dumped coins who has better chance to be pulled up because of Bitcoin demand.
The market is stable from any angle here with the way it's going. The OP meant to look at the 15m chart and see things, not much else. I see not only Dogecoin but some altcoins also have this state. After BTC and ETH plummeted, the liquidation of assets for many people or large funds, and Dogecoin is not a big object for those who want to manipulate the market. This influence But frankly, Dogecoin is still one of the hype coins. I don't complain too much, but those who have been invested in this market for a long time will not appreciate its ability in the market. Apart from getting the support of Elon Musk, it doesn't have much that I need to pay attention to.
doge's trend more or less still follows the trend of bitcoin, but most of shitcoin usually has the tendency of going against the trend because massive manipulation is going.
You could find some meme coins that's having reached ATH even in the middle of bearish. But reaching ATH doesn't mean it gonna gives you nice return of investment, instead it could be very well incurring loss to your investment at the long run.
You could find some meme coins that's having reached ATH even in the middle of bearish. But reaching ATH doesn't mean it gonna gives you nice return of investment, instead it could be very well incurring loss to your investment at the long run.
Exactly, every altcoin follows bitcoin price movement and they are even worst when it comes to bear market. Just look at the price of Doge now, -92% for it's all time high. So I'm still trying to grasp where the OP says that Doge is stable here.
There could be coins that will go up in bear market though, but it doesn't mean that they are strong or solid. Most likely they are just meme coins, being used by pumps to obviously, pump and dump it till they earn huge profits.
doge's trend more or less still follows the trend of bitcoin, but most of shitcoin usually has the tendency of going against the trend because massive manipulation is going.
You could find some meme coins that's having reached ATH even in the middle of bearish. But reaching ATH doesn't mean it gonna gives you nice return of investment, instead it could be very well incurring loss to your investment at the long run.
You could find some meme coins that's having reached ATH even in the middle of bearish. But reaching ATH doesn't mean it gonna gives you nice return of investment, instead it could be very well incurring loss to your investment at the long run.
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