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Can Dogecoin actually live up to the expectations?

  • Thread starter Thread starter Ellozyy
  • Start date Start date
I think dogecoin can really live to people expectation because the way price is getting higher this time, it really surprising and a lot of investors are looking for the coin.
 
Let's forget the hype about the dogecoin for the moment and critically look at the optics for dogecoin reaching espectation. It has had a great jump and remained so for a while and gradually moving upwards now, I think the espectation will be met
 
Doge coin really got me excited when it increased over 40% in one week, but it has reduced again but that is just one of the perks of volatile electric currencies, let's see how doge coin can go
 
I believe that that currency can live up to expectation because ever since its introduction to the crypto-currency market it has been making waves and it is a promising cryptocurrency.
 
If it keeps performing like this for a sort of long term, it will surely keep increasing in value, especially that one of the richest people in the world are supporting it (Elon Musk)
 
Elon Musk has all it takes to.make this coin to reach $10 in a very short time but fully integrating it and making other companies to use it as payment system.
 
I see no reason why it shouldn't live up to expectations and even surpass them, the coin seems to be doing well and there is probability it would do better in the future too, the idea of Elon musk backing it is also a good indicator
 
I have no exact figures but based on the news that I have seen on tv the price of Doge in the crypto market has slowed and sliding to uncomfortable levels. Maybe the holders of the Doge are slowly selling some of their coins that adds to the bad effect on the price. Maybe Elon Musk can lift the Doge with a tweet of assurance.
 
Dogecoin is one of the fastest growing coin now, in the business world there are major stakeholders who are the real determinant in the market. Elon mask view on dogecoin has really change the face of dogecoin positively and I think it will continue appreciating for a long time.
 
For the moment, I think it is living up to expectation. But it's just that this expectation is not going to last for a very long time from the way I am seeing it from my own end here
 
Ellozyy said:
Hello, good afternoon friends. I have been having this question in mind. Considering the recent pump of doge coin which we all know that Elon musk recent tweets is actually the magic behind this consist price pump.. Before i also take my chances of investing in this coin, i would like to hear your different opinions on this. Do you think that dogecoin can keep up with the bullish trend? Or it is just a matter of time before it goes back to where it was?

Thank you all as you drop your various opinions regarding this.
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I think that it is a matter of time before dogecoin goes back to teh price that it was unless there is a drastic shift in teh number of whales decreasing or if there is a limitation of teh supply of dogecoin. Otherwise any whale dumping the coin can take it back to where it was last year.
 
With time, dogecoin will live up to the expectations we craved for it. It surprised all of us when it reached $0.62 beginning of the month. But the ongoing bearish run have slowed things down around the coin, its around $0.34 now.
 
Dogecoin is one of the most rapidly growing cryptocurrencies. In reality, within the first two months of 2021, it reached an all-time high. Dogecoin is projected to increase in value from 2021 to 2024.
 
Deleted member 6735 said:
The recent pump to $0.08 was a nice jump, but if the public continues to see Musk supporting it and standing behind it as "The People's Currency", then I only see it continuing to surge. Price is all relating to supply and demand, but it's definitely going to be hard for Doge to become huge value due to how many coins there originally were and how many are created each block as well as the max capacity.
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Well, I think doge coin is also one coin to watch out for in the near future. It's a coin that looks like it's got great prospect. So the world should watch out.
 
I think everybody are interested in dogecoin now because of the involvement of Elon Musk and everything he’s saying about the coin but i also believe any coin that’s still low now has the tendency to raise in the future
 
babdud02 said:
I think everybody are interested in dogecoin now because of the involvement of Elon Musk and everything he’s saying about the coin but i also believe any coin that’s still low now has the tendency to raise in the future
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It is better for people to do their own research than to rely on Elon musk. I still see him promoting Shiba Inu coin like he did for Doge coin.
 
Bookwormlux said:
It is better for people to do their own research than to rely on Elon musk. I still see him promoting Shiba Inu coin like he did for Doge coin.
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I had the information that it is likely for him to focus or divert his attention to Shiba Inu and drop dogecoin. If that should happens, it will affects dogecoin a lot.
 
Dogecoin is just an overrated coin
It is living up to its purpose which is a joke. It showed a false sense of accomplishing a lot of breakthrough only for it to leave investors stranded. I can't consider investing in it ever.
 
I don't know how far doge will go, but presently things don't look so good for the coin, I bought a few doge before the dip and now I can't even find it in my wallet anymore😂
 
I hate that I am going to say this but doge coin is not a very good coin because first of all it doesn't even have a reason why it was created at first so take care.
 
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