Topic: Remember: Dogecoin [DOGE] is not capped! (Read 680 times)

Everyone forgets coins like Ethereum and Ripple because they were in the top valued coin for years and when a coin like Dogecoin which have similar unlimited number of coins started to rally and reach the top even though it was mainly due to the help of Elon Musk and his Muses pumping them to new highs and anyone who missed that rally will keep on complaining  .

Yes, but Doge can be valuable because of the influence of others, if there is no influence from outsiders, then Dogecoin will only be worth as usual and will never experience a big pump, all this is only because of influence.

You do not need to regret it because many other coins that will increase higher like Dogecoin. But it is hard to see the other meme coins becoming like Dogecoin as those coins are created when Dogecoin increases. Maybe if those meme coins can survive and stay at the market for a long time, those coins can increase higher or get pumps like Dogecoin.

If you want to buy Dogecoin, you need to wait for more because I think the price will go down and back to the lowest price before. The history of Dogecoin was like that and after it reached the highest price, the price will slowly getting dump and back to the lowest price.

I regret not buying Dogecoin at the bottom price because I knew before now Doge was only a meme coin which many people even considered useless but when I saw the current price, there was no desire to buy at all and there was only fear of being how it fell to the bottom. We all know there are people behind the doge who like playing with people's egos. It would be better if we avoid investing in assets that are so easily controlled by people.

Agree with that and I would say DOGE really has the value, however, I just think that its current value is overvalued and because of that, it might result in a big panic and people would not anymore invest in DOGE as it takes another big shill to pump the price. Let's wait until the market will finally dip as I have a feeling that what we are seeing now is not yet the dip.

It can be used in gambling were it is quite popular due to the fast transactions and low fees. But other than that it is a, as you say, a meme coin used for pump and dump schemes.

You are comparing a cryptocurrency with fiat currency and that is wrong. One of the advantages for cryptocurrency is that it is protected against inflation due to the principle of controlled supply. You remove this from a cryptocurrency and you will get something similar to fiat. And now the question is why you should use a currency which is similar to fiat, when fiat itself is readily available. I don't have any issues in others investing in Doge. After all, it is their decision. But by removing the cap of maximum supply, you are erasing one of the biggest advantages cryptocurrency have over other forms of currency.

Well, I'm not a DOGE supporter, but let's see, how many dollars are there in the world? Naturally it will take a few years for the DOGE supply to match the dollar. Of course, using the price history in cryptocurrencies, a coin with a supply of over 100B, costing over $0.1 can be significantly expensive, but for others it might not be.

if you enjoy it hopefully you don't get stuck when you exit your futures trade.
some situations can make our futures trading assets fall very large. it's all very much related to the market situation.
but dogecoin, is really good for futures trading? I haven't tried it myself. futures trading for BNB and BTC I've tried it. but for dogecoin, I still have doubts.

Right now there are two coins in the Coinmarketcap top-10 list that are being overpriced heavily. These coins are Dogecoin and Ripple. And in both the cases, a select bunch of promoters and whales own a large share of the circulating supply. In case of Ripple, promoters own anywhere form 80% to 90% of the supply, while in case of Dogecoin, around 70% of the supply is being owned by the top-100 owners. These people are keeping the prices artificially high, by removing most of the supply from the market.

honestly i am prefer to trade doge now , although its price over but for me i see anothere opportunity to use futures trade. opening sell when its price soar will give us profits as long as we put our buy order on correct level. In futures trading we could buy and sell as long as we understand how to trade and manage our money well .

I also like making trades with Dogecoin, but because the current price of Dogecoin is so high that I dare not take a big risk to trade using Dogecoin. because I am worried that over time the Dogecoin price will go down and I will lose a lot of money. instead of having to take a big risk so I switched to using other altcoins.

The problem of endless supply makes it difficult for Doge to rise too high, no one wants to accumulate wealth in a certain coin that it can generate endlessly.

That won't be solved. Elon is demanding to the developers of Dogecoin and I think one issue that he's going to bring is about the infinite supply. But that won't probably be moved anymore as that's what has been made. Dogecoin is just a meme and demanding such should get some money on his pocket for it to be moved since he has made the attention of it really big to the market.

Doge is being exaggerated too much for its true value, investing in doge at this time is very risky.
Don't put too much faith in Elon Musk and Doge coin, if Elon Musk really loves this coin, he would have accepted Doge in payment a long time ago.

There are other cryptocurrencies doing so well with infinite supply. A very good example is ethereum. Despite the fact that we've had ethereum value increase substantially, there is still no cap as to the number of tokens that could be mined. Though, ethereum has its own modalities in reducing or eradicating inflation.

Most of those didn’t care about DOGE fundamentally because their focus is on the hype of the price and they believe that they can easily get profit on that, which is happening already for them. We just don’t know when this hype last and I’m sure if Elon stop the hype, people will start to look for DOGE fundamentally because they are already trap on this.

If you believe that dogecoin is the "future of currency" I have some magic beans to sell you. Doge has never been future of anything, the coder of it made it up in 2 hours (literally said it himself) and it was just for a joke, there is a centralization with too many of the coins owned by too little amount of people, it is not solving any problems, it is not improved upon anything else, it is uncapped and it has manipulation problems as we have seen.

All of which shows that dogecoin is just a coin that should have died long time ago, even if it is alive today that doesn't mean that it will continue down this path, as soon as Elon comes out and says he is no longer supporting doge that is going to be enough to destroy all of it. This is why I would advise you to not be falling for this dogecoin hype and try to act reasonably or you are going to lose all your money.

Dogecoin is not a cryptotulip, it is a currency, it is the currency of the future, the one that will be used to exchange goods in the Solar System. and therefore needs new supply for new users. The advantage over others currencies is that it has a controlled inflation, nobody can create at will, it is defined and everyone knows it.

If someone wants to speculate with cryptotulips to sell it to another and earn dollars or euros they can choose any other, Bitcoin, Stellar, Shibas, Coinye, or whatever they want, there is thousands to choose from. But do not use dogecoin as a cryptotulip for gain fiat because it is not, it is a currency with a specific objective.

People need to understand that without a cap on the maximum total supply of a cryptocurrency, it looses one of the most important characteristics of cryptocurrencies and that is scarcity.
Bitcoin prices is almost guaranteed to go higher because the supply is never going to increase, and with more adoption there will be more scarcity and an increase in the demand.
Dogecoin on the other hand will not have that value so in the long run, dogecoin isn't a valuable long term investment

It is both bogus and also not bogus at the same time. The unlimited is still unlimited, which means if you have 5 cents and I give you 5 cents more that's 100% BUT if you have 5 million dollars and I give you 5 cents that's still 5 cents and there is still more money and that is a very important thing. Just because it is unlimited doesn't mean that it will be horrible, it will be horrible because it serves no purpose at all on a period when most coins have a good reason and a great use case, this one is just a meme coin and totally worthless when you want to use it so that is why I will never even consider buying it.

However unlimited is not the reason, while being a valid reason not to buy for someone else, it is not for me, it is not a bogus reason, it is a logical reason, it is just not something I would care, CAKE doesn't have a limit neither but I love that one, all because it has a purpose.

Yeah dogecoin has no cap and that is because they always wanted to keep the coin cheap value and make sure people don't hold dogecoins but the world's richest man has spoiled all those plans, unfortunately.

I am not sure whether it is overpriced since it hasn't reached $1 yet but yeah not having a cap can create a bit of a mess later on. Traders don't really care to be honest though because they see the movement in the market and they just buy those top-performing coins and dogecoin has certainly been the top movers in the market for some time.

People don't really care whether a coin has a cap or not they are just flowing with the wind that is Elon musk and I would say they aren't wrong either because so far the coin has moved upwards and everyone who invested in dogecoin at almost any value has benefited only. There are investors who don't even know what is dogecoin and whether it has any benefit but they are buying it just because everyone else is doing that right now which is what makes the market bullish.

I have a feeling though that once the dump starts happening and whenever it happens, there will be a massacre in the market because no one really likes to hold this coin, trust me. Once the bear run starts it will just crush the market, mark my words.

I also made some profit with dogecoins but I will strictly advise against holding it any longer because now things are getting interesting since even Elon Musk's impact is coming to an end and his tweets don't pump it as much as they did before.

Aside from the hype that unlimited cap makes it unattractive not unless it has use cases. There are good coins that potentially deserve its place but this is crypto and anything is possible. Who would expect that a Billionaire would shill a memecoin, investors should be wise enough.

The people buying it don't give a fuck about the infinite supply, they just keep throwing their cash into a meme coin hoping for 1000% on a short time, I notice that during this bull run so many fomo'd into buying dogecoin just thinking how it would be when the bull run ends, so many people will definitely get rekt, dogecoin is over priced honestly, a meme coin with $50billion marketcap, funny world.

I don't know whether the limited max supply problem still can be solved. I hope there is a way for it. Because I also have the same idea with you. And, Dogecoin doesn't seem to be a shitcoin but it is shitcoin-ish to me.    But if it solves this problem, I may change my mind about it.

It isn't the only crypto with infinite supply ETH also have infinite supplies.
And I think it isn't the only problem that Doge have compared to ETH, ETH continues to grow but Doge has stopped for a long time because the team already left it.

Well why bother yourself about this matter. I think what important is the current circulating supply not the upcoming supply.  If it is overpriced right now, it will correct itself along the way.  As long as demand exceeds the supply, it will always be overpriced just like any basic necessities getting higher if there is lack of supply.

it is not unlimited.

the limit is 500000 new blocks each year.

and as each and every year passes the 500000 blocks become smaller as a percent then the year before.

in year 10 when we go to year 11 we add 10% more blocks.
in year 20 when we go to year 21 we only add 5% more blocks
in year  50 when we go to year 51 we only add 2% more blocks
in year 100  we go to year 101 and only add 1% more blocks.
in year 200 we go to year 201 and only add .5% more blocks.


the usa dollar in 2020 issued 21% of all the money it ever issued since 1900

and on any given year the usa dollar could issue 30 or 40 % of all the miney it ever issued in the last 120 years.

so doge is far far far far far better then the usd.
when it comes to adding money.

and it is a lot different to adding money the btc.

never think to compared doge to the usd and call it inflationary. as you would be wrong.

it is a hybrid of inflation and limited coin minting thus it  has and will always decrease in its in in flationary rate.

at least get the  story correct.

btw I learned this the other day as someone explained it to me with a nice white paper.

this is simple math like

 500000
1000000
1500000
2000000
2500000
3000000
3500000
4000000
4500000
5000000
5500000
6000000
6500000
7000000
7500000
8000000
8500000
9000000
9500000
10000000
10500000
11000000
11500000
12000000
12500000

as you can see the effect of the 500000 each year is 500000 more each year forever but the percent of gain drops every year and the inflationary effect melts down closer and closer to 0%

if i give you 5 cents and you only have 5 cents you gain 100%

if i give you 5 cents and you have 500 cents already you gain 1%

so the argument that Doge suffers from endless un limited inflation it bogus.

it is limited inflation rate that will grow less every year for all eternity.

I am not a Dogecoin enthusiast but I will say the fact here.
Yes, the coin is overpriced but the big problem Dogecoin needs to solve is not the problem of uncapped (no maximum supply) because Dogecoin is not the only one that doesn't have it and Ethereum is an example and it still doing well in the market.
The problem of Dogecoin is used cause, the concept of the coin was stated to be a meme but I hear a rumor that Elon has included it as payment in his SpaceX project, and if it's true it will help the price of the Doge market.

honestly what I have to say is that without elon musk doge it will not become something big,
I don't know for sure what elon thinks of choosing Doge so that it can be used by everyone, and what is most feared is its unlimited supply like fiat money,
the price has already wanted to reach $ 1 and everyone forgot about the nature of crypto? yeah it will be a bubble

Its too risky for a long term holding, better to just ride the hype and every time you make profit, better to take right away since many whales are playing with DOGE and you might got trapped if you hold this for long. The unlimited supply is the issue here, they have to address this and make some usage for DOGE or else it’ll remain as a hyped and meme token.

Doge can't be improved and the unlimited supply will remain forever. I think that the creator of doge coin was creating this coin as a memecoin and he has not yet ever thought that if doge coin can become another major coin right now. That's not possible to did the fork for the doge coin. It looks like that you were missing very important information in the past if doge coin was unlimited coin.
It's already talked by so many communities about this. So many supply controlled by a few addresses which makes it become truly centralized.

I had thought it has a cap, not having cap is dangerous. DOGecoin should be improved upon so some project could be integrated in it ecosystem instead of solving no problem but just based on Meme.

You think people do not know that? People are 100% aware of the fact that it has infinite supply, people know that it is a meme coin, people know that it was created for just joking, people know that there are people who own majority of dogecoin as well making it centralized in price aspect.

Long story short all the downside of dogecoin is already known and well documented, but there are still some people who are buying it for some reason. I do not know why people are buying it, I do not know why people are still pumping it, I can't say that I would ever consider buying it myself neither, however at the end of the day if people are going to buy it and make it higher, then I can't blame them for it because it did worked out so well so far. This is why even if all the technicals are showing something wrong, sometimes market is just unexpected and does wild things.

Wrong it is not quite what you say.

Infinite in terms of 1 block per minute for all eternity is true.

But 1 block per minute or 1440 per day  or 525600 blocks a year loses impact with time.

I will round to .5 million blocks a year.

year 1 .5 million blocks all same size no 1/2ing unlike bitcoin.
year 2  1 million blocks inflation for this year was 100%
Year 3. 1.5 million blocks inflation for this year was 50%
year 4. 2.0 million blocks inflation for this year was 33%
year 5. 2.5 million blocks inflation rate for this year was 25%
year 6 3.0 million blocks inflation rate for this year was 20%
year 7 3.5 million blocks inflationrate for this year was 16.67%
year 8 4.0 million blocks inflationrate for this year was 14.29%
year 9 4.5 million blocks inflation rate for this year was 12.5%

year 20 10 million blocks
year 21 10.5 million blocks inflation rate for this year is down to 5%

year 40 20 million blocks
year 41 20.5 million blocks inflation rate for this year is down to 2.5%


so while there will always be 500000 blocks of 10000 coins every year.

the inflationary rate will always be approaching closer and closer to 0%

year 200 100 million blocks
year 201 100.5 million blocks  inflation is only 0.5%

so in a way it elegantly solves  the btc issue of time = 0 rewards.

I would argue that for a young whippersnapper  it is a solid long term buy coin.

Having a cap is not what a cryptocurrency needs to be great but there has to be utilities or use case. Without that, their is no difference between DOGEcoin and SAFEsomething coins that are just pump and dump tokens today.
And another fact stated is that DOGE is currently overpriced due to the hype by Elon Musk. The moment he stops the hype, DOGE will get back to being a useless coin it is.

This is applicable to those who has Dogecoin holding or those who are mining it.  But to those who are about to enter the market, I don't think it is advisable to jump into the train if we know that it is overpriced.  Though the cap issue isn't that important right now because the current influx of coins don't affect the buy support that much.  Maybe on the long run but at this moment I believe it is irrelevant.

The people's awareness of that infinite supply is what has held Dogecoin down even after the goodwill shown it by Elon Musk. Otherwise, we should be seeing the price in single digit rather than the cents it is ATM. It's that fear it would be dumped at any moment that has kept so many investors away from throwing cash into it. However, I don't believe it's overpriced the way it is if we actually look at its speed of transactions and less miner's fees it has. Dogecoin has a very fast rate of confirmation way ahead of Bitcoin despite its over 129 billion already in circulation where Bitcoin has less than 19 million in supply. If anything as much as can cause Dogecoin to announce burning or cap its supply we will see its price climb the roof, literarily.

That's right, because right now it's very nice to short Dogecoin in a matter of days, because two days ago the price had decreased and now it's back up, so this kind of thing should be taken advantage of now by everyone.

This is not necessarily a fact of concern. DogeCoin becomes more difficult to mine over time.

Hence, Doge mined between 2020 and 2022 would not be the same as the amount mined between 2022 to 2024 (as an example). In a sense, yes; it is inflationary, but it becomes less inflationary as time passes.

I had it at $ 0.62 and I thought I had a bargain but it missed. I still hope the Elon-Doge hurricane will return stronger. My goal is $ 1 and I will continue to use my savings to keep buying.

Elon will use great tricks to turn Doge into a war horse. Doge will overtake BNB when it returns.

Ye. I will use all of my unemployment benefits to buy Doge. It is very cheap at the moment.

Doge will be good for going short in trades pretty soon. Just wait the hype to fall down and catch it short trading. I already did that last day and it did pretty good.

Need fomo and fud to get chance when to entry, if doge coin always fomo and never have fud when entry and can get chance to buy on lower price, last few hours doge dump and now see light with raise to higher price, very sad why I am not entry to buy doge coin during have chance buy with lower price,

How is that not a problem for ETH and a problem for Doge?

Sorry but I feel desperation. Doge is exactly what Bitcoin and ETH did  (or keep doing) in the past.

Mooning.

Stop scaring people. I never saw as many people as you screaming that Doge is not capped lately. Why don't you create a thread for ETH too?

Its doesnt matter as long as the demand keep increased like this, inflation is nothing if the demand rise rapidly.
The investor of Doge at this time didnt care about any fundamental, so cap, vision, fundamental is not a thing that they care about.
As long as Elon keeps shilling it, they will buy it.

I agree with you 100%, but FOMO is here. There a lot of people, without knowledge, who are jumping/jumped on dogecoin because the price kept on rising and rising. It is typical human behavior, when you see a coin/stock rising and rising, you want to be part of it and will buy it, without really thinking over it.

Being uncapped is one fact and being useful or better put, having a use case is another fact and perhaps the most important one. Use case is very important in any coin, any coin which lacks it will struggle to grow and remain sustainable on the long term as it will have no power of attraction to get investors onboard as at all time. Nowadays, many people care less when it comes to supply but when it comes to use case, they get highly interested because that's where the whole thing depends on.
Therefore, in my own opinion, if Doge transform by whatever means and have a very good use case, then it will be a different story but till then, it will be what it is, which is a pump and dump coin.

It is clearly overestimate but people are fool enough not to listen to others. I wonder who continue to buy doge coin in this dangerous condition. The price surges quite strong lately and with the current momentum, $1 is possible. But I will not spend my money in doge. Too risky and unsafe.

We can find out about DOGE via the link below.

https://vi.wikipedia.org/wiki/Dogecoin


The DOGE's mining difficulty is low and it's easy for everyone to exploit.
The unlimited DOGE supply is a project limitation but there is no way to change without a fork. So that fork is no longer DOGE. This project has problems when the original purpose is just something playful. DOGE is being value manipulated and it's time for the bubble to burst. The 101 sites that own up to 67% of the total stock are the riskiest thing about keeping value on this project. Please consider before investing.

10000 tokens are generated per minute and the annual inflation supply is 5 billion.  The supply is unlimited, but the evidence is that more than 90 wallets hold 90% of the entire supply, the circulating supply is approximately 130 billion, wise enough to predict something out of the ordinary.  Doge is just a joke of fomo, find it when you feel it, greed is playing with fire.  It's a money mixer and bloodsucking machine.

Best advice I can give to newbies is, if you haven't already invested in dogecoin before now , try as much as possible to avoid dogecoin, those who made money from dogecoin has already made it and have cashed out, the hype will soon die and the hype will soon die after all, don't try to jump on a moving train, it's a suicide mission, why don't you all rather invest the money in some very legit project with guarantee of great returns in the near future, dogecoin is a bubble that will sooner or later boost, no one knows when this will happen but it sure will, and when it does, alot of people are gonna cry blood, better to miss a pump than to jump on it and later be sorry for yourself.

but the fact remains that doge needs elon's support as the main actor in a very crazy doge pump, when elon takes off doge I'm not sure doge will remain as valuable as he is now and maybe even doge will return to being a meme coin like it did before.
we know the negative statement from elon about doge some time ago the price of doge is now dropping drastically.
i think doge could have gone up when elon's statement changed and elon started pumping again like he has done several times

Doge is what it is, If I may say, Better not think too much of technical stuff like that. just enjoy the phenomenon like now and take the opportunity to make a profit. a lot of people didn't even really care, but they took the opportunity to get more Doge.

I still remember a few days ago, Doge pumped crazily, left all of other altcoins in blood. Doge fan were happy but the rest of crypto fans weren't. I know that it hurts but Doge is just a "hustle" of Elon Musk. He raised it and now he kills it for meat. Everything will be back to normal. Elon Musk and Doge are just some stones thrown to the crypto river. Hope that he won't shill any shitcoin again.

That is not a problem but a solution to secure network without having high transaction fees. Bitcoin will have to solve this problem. If it will not will not be secure enough or fees will be extremely sky high. This will not happen when all Bitcoin get mined so almost 100 years form now but much earlier.   Also Bitcoin have infinity supply fro next 100 years. Are not you as concern for Bitcoin as you are for Doge?

Doge is reaching the current price due to the manipulation that already done by the big whales. This whale bought billion coins of doge coins from the market to create FOMO. I do agree with your opinion if dogecoin is overpriced at this moment but you must remember that the doge believers will ignore it. they are thinking doge will be the future of money.
Meme coin will always become meme coin. There's no fundamental behind it. Fully manipulated.

Just remember always regarding the purpose why Dogecoin is created it is only a meme coin and that's the reality let us stick to that point as a reference so that we will not be lost, now the question is pointing about the infinite supply for me its no sense at all because in the very beginning it is only a joke coin and today's price is also a joke and if we are not aware of the situation our money will be burn because it was all base on the hype no solid demand and only controlled by few wallets that's why the risk is pretty high compared to other shitty cryptocurrencies out there. so beware don't let yourself drown with Dogecoin. if you want to invest just a minimal amount that you can afford to lose.   

Dogecoin is unforgettable for all cryptoners. because its existence will always provide benefits. just pay attention to Doge's correction after that Elon will pump again. The bottom line is everyone doesn't want Doge to go back to basics, before his long-expected $ 1 target.

This is the main cons of holding and buying Dogecoin. Buying this coin is just like buying fiat money with a premium. Which the premium will be devalued overtime once the supply surge in. Many traders is taking a blind eye about this and only focus on gain. They are solely relying to Elon musk hype to the price.

Dogecoin is surely the greatest rugpull of all time soon.

Give warning to people is a good idea. Because we can see people should be ready if dogecoin price change suddenly like what already happened. Dogecoin price dumped and then if  people not ready they can lose their money, and what make it worse, people who bought it at higher price. That is proof if altcoin which increased because of hype, should get big attention especially if people want to buy them.

Dogecoin isn't over priced ambiguously or deliberately, the price of dogecoin going up is the end result/birth caused by fussion of demand and supply, dogecoin is among alt-coins that are attractive to investors, I don't know about which problem dogecoin has or what they should do to solve it, but what's clear is that dogecoin is hot on investors list, I think when that all clears alot about dogecoin and it's problem maybe exposed. I have seen article illustrating dogecoin as a gunpowder ready to explode and I think for now investors are all about doge profit.

Currently the price increase for Dogecoin is indeed extraordinary, and that is due to the support of Elon Musk and also other big entrepreneurs, so investing in Dogecoin is certainly very risky right now, but if you are good at analyzing it you will definitely get lot of profit from Dogecoin.

Why doge? What kind of feature is it has to be loved? Being decentralized(which was trivialized by Musk)? Love LTC instead. LTC is also decentralized, limited supply, as well as less fee for transactions.
Lately more loved and more valued. If doge had a limited supply, it should not be more than $0.2, if we calculated with today's market situation.

This price increase is probably affected by market volatility. It's pushed up the price too high, and that attracts a lot of attention from people.
I see this as crowd-based investment. They see prices suddenly rising and are still rising. They want to profit from it, it's as simple as that. They don't care about its quantity. The creator hasn't thought about how it can be achieved now.

Do you really think that the Dogecoin investors really care about the cap? Most of those who make their investment with Dogecoin are relatively inexperienced in the cryptocurrency domain. They are attracted to Dogecoin, due to propaganda in the social media and as a result of tweets from people like Elon Musk. I am damn sure that only a small minority among them knows the difference between the fundamentals of Dogecoin and Bitcoin. And when the prices are going up, they will listen to none of your arguments. Only when the bubble bursts, they will listen to others.

From the start doge was jokes. apart from the fundamental that Doge has an unlimited total supply, do they have a use case? apart from being a meme. maybe there will be something new from this correction, apart from Elon who appeared on SNL yesterday making the price drop quite far

it could be a big correction or elon halting this craze already.

the SNL was fun though. i was expecting it to really go high like $1 and maybe all doge holder was also waiting for a big punchline that he'd say. nothing so far but doge just a hustle. no one could be expecting that really. anyway, if it goes up then its good if not then we've lost the opportunity.

As expected we see a big correction in DOGE, it’s just a memecoin with a cult following. Sell or convert to bitcoin or ETH before you get rekt.

After lots of consensus, dogecoin devs finally decided to have no cap as far as my memory serves me. So I don't think it will be a problem if dogecoin continues with unlimited supply. It is a coin still dedicated for micro-transactions so having unlimited supply is a kind of advantage for it; if you notice it was pumped on organic manner and not in jumping price levels. So, having massive supply also helpful in times.

I agree having limited supply might lead to do good impact on price levels but for that we need either Elon Musk to hire devs or might need to fork dogecoins into something like TeslaDoge or anything like that .

Calm down already. Dogecoin coin-a joke. It does not perform any useful functions, it just caught a hype thanks to a rich and influential person. This will pass very soon. How many coins are lying at the bottom with huge prospects to shoot, and you all revolve around a coin that even a cryptocurrency is difficult to call

And it's rising for today only. Musk again said something weird before the Saturday night live which is going to be live after some hours. I believe he would call for modesty while investing and be cautious for risk. But till than, dogecoin followers are having a new all time high and watch parties around the world. I'm happy for them and wish they'd remain that happy for long.

yes, Dogecoin is indeed not limited to its troops, but while you can enjoy this price increase,

why not use it as much as possible, even though to buy at the present time the value is very high,

and the fear of the value falling back is definitely there.

I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!

If DOGE solves infinite supply problem, Dogecoin can reach very high prices, but right now, Dogecoin is way overpriced because it has no cap!