Topic: Will DOGE go back to sub $0.01 prices ever again? (Read 599 times)

You've said it yourself. The only way DOGE will go back to sub $0.01 prices is if Bitcoin goes through a heavy downfall in price. Other than that, I don't see this becoming a reality anytime soon. If DOGE falls too low in price, it's likely Elon Musk will abandon it for the next big thing in crypto. After that, DOGE will have a hard time reaching a new All-time-high by its own. The "meme" cryptocurrency may be good for micropayments and gambling, but it's terrible as a store of value. The circulating supply of DOGE is huge, compared to top players in the market.

With a high inflation rate, we can never expect to see DOGE become extremely valuable in the future. At least, the cryptocurrency will survive thanks to its decentralized and censorship-resistant design. Who knows if it gets to live alongside Bitcoin and Ethereum for generations? Just my opinion

Under that price looks to be not so possible. I mean technically speaking it is of course possible, it could be 0.000001 too, if we speak "technically". But, if you ask me it will probably not happen and we are not going to see it go down that much. I personally believe that the more possible outcome would be getting it done above 0.03 for the remainder of our life time.

It's already as low as it gets with the bottom market, and maybe it could have a bit more fall right now, but that's about it. After that we are going to end up with something much more serious and high when the bull market comes. That seems like a more reasonable approach to be fair.

When I read another justification of another shitcoin with the argument fast blocktimes + cheap transactions, or something like that, I'm perplexed and say: what, these mantras again, how much you can repeat these memorized phrases?

If fast blocktimes + cheap transactions had a meaning in crypto world, then rather slow bitcoin and very expensive ETH would never be so popular as they are now, they would be replaced by all sorts of DOGE and a million more such useless coins, offering cheap transactions and fast block time. Such useful features as cheap transactions didn't help the ambitious EOS project, DigiByte, Bitcoin SV, Nano, and a hundred more like it in its time.

Nano has a block creation time of 0.14 seconds and almost zero transaction cost. How much did that help this coin? What makes it different from DOGE is that DOGE has a media patron that pump this coin as much as it isn't worth it. It's a common litecoin fork, created in a playful way, no need to try to instill some technological qualities in meme-coin that will justify its growth in the future. This is an ordinary shitcoin, which has the mediocre qualities you listed, which many other projects have, and offering even better conditions for fast blocktimes + cheap transactions than DOGE.


Not yet, but the price was already down to a 93% loss in value. Not much left, if bitcoin goes deeper, then DOGE could reach that mark, maybe even below 1 cent.

I think it will eventually retrace all the way back.  The hard part of usd pricing alts is its alldepemdent on bitcoin and what bitcoin/usd is.  If bitcoin spikes to 100k then maybe not but if bitcoin retraces to 10k its a likely fall for doge as well.  Ultimately with the 10k per doge being minted per minute I think price is just unsustainable.

I've been reading through some news today, some lawyers claim that Elon is at a disadvantage with the reasons he gave to turn down the deal. But according to the conspiracy theory, I think this is just a ploy by Elon, if the lawsuit happens surely twitter's stock will continue to fall and then he will agree to buy twitter again for $44 billion cheaper than with a pre-determined price. That's just my thoughts.

Dogecoin still stays at 0.06$ and this proves nothing can tell if DOGE will drop down to  that low again (sadly this was the price in the past years that i missed to bought many)

https://coinmarketcap.com/currencies/dogecoin/


but if this come to 0.01$ again then trust me , I will buy every coins that is in my hand(aside from my Bitcoin)

and also depend on How will Elon Musk react for this Meme coin as we knew he is the one responsible for the recent increase of this coin.

is Elon really uses Dogecon in his company's transactions of payments?  or he is just manipulating the coin whenever he wanted.

Its really not a whole lot different of a scenario than BTC reaching $100k, which I believe is also likely in the next couple of years. To say the coin has "nothing behind it" just reveals a high level of ignorance. DOGE possesses a winning combination of fast blocktimes + cheap transactions. Also, DOGE has never "lost 99% of its value," not even the most creative math in the world could make that statement correct.

I mean that price could be crossed, but at the same time I am not 100% sure if it would be easy to do it neither. Just because something is "possible" doesn't mean that it will happen. I agree that price of doge going up is possible, but it is not easy to do. Which is why I believe that we should be focusing on making money some other way from some other coin.

Let's be honest with each other, this was a joke coin that was created for just joke reasons and didn't mean anything to anyone. Elon came in, tweeted about it a bit, and now it worths something out of nowhere. This shouldn't be a reason for any crypto to worth anything at all.

  This is an extremely optimistic hope. DOGE can grow up to 1 dollar if Musk continues to PR them as hard, though I must admit that the effect of his PR is not the same as before, because many people began to consider Musk a speculator and manipulator. Even if the price reaches this level, it will only be as a final pump before a prolonged fall. Because this coin has nothing behind it except speculation and Musk's support, it's a meme coin, no wonder. And something tells me that after DOGE reaches $1, token price will lose 99% of its value again.

I don’t think so.
Doge won’t climb up now, not anymore in this bear market.
Mr Musk have used Doge for his own benefits and left it crippled.
Now if anyone buys Doge, then be ready to face huge downfall.
Doge will not grow, until and unless someone again promotes it.
Still at the end, it depends on the user whether to buy the coin or not.

If you are a company who is struggling with growing your user base and increasing the quality of the service that you provide to them, then you are better off not blocking and censoring users without a valid reason. Of course, the removal of Musk's Twitter account means there are going to be a bunch of other people who will now want to speak out their thoughts, and as we all know, the world has an appetite for such things, and this is going to keep the internet buzzing. It could be the start of a very ugly battle that is going to bring hatred to many involved parties, including twitter, over a few stupid posts.

I do not think that anyone wants that, and neither does Twitter.

Given the fact that Twitter's share price has decreased by 2 times over the past year, in any case, it will be easier for Elon Musk to pay a $1 billion penalty than to buy Twitter for $44 billion. Although it will be difficult for the Twitter management to prove a violation of the terms of the contract, since it has already been proven that there are more than 5% bots on Twitter.

If Elon still supports doge and uses doge as a payment method for his companies, an ATH of $1 is possible with doge. Doge could still go back to $0.01 but as long as Elon backs it up, it won't be forgotten and die prematurely. once doge dies memecoin will not be able to survive in crypto. I don't think it's possible.

The failure of Elon Musk to buy Twitter and if he violates the terms of the contract of sale, Elon Musk can be sued and compensated if he is the party at fault. Twitter can lock his account and no one can stop them from doing that but that action will cause twitter to lose credibility with users just because of personal disputes that lock user accounts for no reason. I don't think they will do that.

According to the letter https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm published yesterday, Elon Musk refuses to buy Twitter. And if his account is blocked on Twitter, as a response, then he will not be able to continue tweeting about Dogecoin, and in this case the price of the coin may drop significantly. How do you like this scenario for the further development of events around Doge?

although I do not hold doge for the long term. but I often trade it for my daily trading. and when you look at doge fundamentals. so I feel optimistic that when the bullrun market appears, doge will be a coin that is experiencing a rapid increase. because we know who is behind this doge. so it will be very easy for the doge to climb back up. but if this bear market continues then its decline should also be watched out for.

The point is if inflation was making it become even lower, i meant miners are always mining doge coin to be dumped to the market. The potential of doge coin to recover again is very small. I know that this backed by elon but we can't ignore if inflation has become one of main problem. Without the help from the billionaire pump and this coin may be so difficult to increase again.

We all know that the Doge coin can easily be manipulated by huge personalities and big-time investors. Just like what Elon Musk did before, it can strike a good price again once he creates manipulative statements to attract investors and supporters. Doge has billionaire investors and lots of holders still trust it so I guess if the market goes back to normal, its price might increase.

We are in a bad market and you are expecting ads from new projects. This is clearly not a good time to release new tokens, even older projects are having a lot of trouble.
Look at Doge, how long has it been on the market? and did you see it die? both Doge and Shiba are 2 of the top 15 coins on coingecko and it is standing above potential coins like avax, matic, even outpacing the silver coin of the market which is LTC.
I agree that the meme is not  utility, but it is part of the market, and it won't disappear anytime soon.

DOGE has a lot of great things going for it:

- 1 min confirmation times
- very low fees
- great distribution
- great community
- Elon is a backer
- can be tipped on Twitter and Reddit
- you can even make NFTs on it for dirt cheap, which nobody knows about, but its true

If the bear market has truly bottomed then I believe $1 per coin is a certainty in the next couple of years.

But what do I know, I've only been here since 2014.