The bull run of dogecoin is over, the coin is on the decrease!

[Sincerem]

Dogecoin underwent a bullish run recently, but is on the decrease at the moment. Last week saw dogecoin climb to $0.05 per token from a very low price value that wasn't up to $0.01. It has taken a toll back to $0.03 per token with a weekly decrease of -22.27%.

What is the major cause of this price decrease in dogecoin, after its promising run last week??

 

[eLdavis]

hmmm, i have heard so much about dogecoin, and i would like to invest in it when i can, where do i buy if i need to. I heard the coin would be nice to invest. What is the current value in naira

 

[Aniwhyte]

I woke up this morning and saw a notification from one of the admine advising that we should invest on dodge coin as it might appreciate massively anytime soon, I went straight to binance and bought some coin worth 7,000 naira. But from the look of things and your explanation it seems I would have to convert it to Etherum so I won't run at loss.

 

[GoldenLady]

It may just be the volatile nature of all cryptocurrency. Like with the bull run of Bitcoin and other altcoins, it's hard to point to a single factor as the culprit.
Even if dogecoin comes down, there's still hope it will go up again.

 

[WhiteHouse]

You really can never say, they may just be having a bad period and they may bounce back even very soon, you know all crytpocurrencies be it dogecoin are controlled by two variables which is supply and demand. So when there's demand for it I'm sure it will pick up again.

 

[iamgroot]

Dogecoin underwent a bullish run recently, but is on the decrease at the moment. Last week saw dogecoin climb to $0.05 per token from a very low price value that wasn't up to $0.01. It has taken a toll back to $0.03 per token with a weekly decrease of -22.27%.

What is the major cause of this price decrease in dogecoin, after its promising run last week??

The performance of the doge in the market in recent days has been surprising. I immediately remembered the thread starter here who asked if it was still worth investing in dogecoin. About doge why it suddenly faded, i honestly dont have an idea. But I hope it does not stand for being a joker coin. I think the doge's time to shine again will also come.

 

[Ralphjoe]

I suspect that after Mr Elon musk promoted dogecoin, it went up in value, and alot of people invested in the Cryptocurrency but after those strings of investments, some investors saw some window of profiting by selling their coin right away due to the price.

 

[springtech]

hmmm, i have heard so much about dogecoin, and i would like to invest in it when i can, where do i buy if i need to. I heard the coin would be nice to invest. What is the current value in naira

You can check it out on binance. It currently trades around $0.0307, an exchange rate of N480/$ that should be around N15/doge

 

[Herzhan]

Dogecoin underwent a bullish run recently, but is on the decrease at the moment. Last week saw dogecoin climb to $0.05 per token from a very low price value that wasn't up to $0.01. It has taken a toll back to $0.03 per token with a weekly decrease of -22.27%.

What is the major cause of this price decrease in dogecoin, after its promising run last week??

The value of Dogecoin, a cryptocurrency originally invented as a joke, surged Thursday as Reddit traders target it in an attempt to mirror the mindblowing share rises in heavily shorted companies like GameStop, Blockbuster, and AMC.

 

[eLdavis]

You can check it out on binance. It currently trades around $0.0307, an exchange rate of N480/$ that should be around N15/doge

Okay thanks

 

[Aniwhyte]

You really can never say, they may just be having a bad period and they may bounce back even very soon, you know all crytpocurrencies be it dogecoin are controlled by two variables which is supply and demand. So when there's demand for it I'm sure it will pick up again.

I made a mistake yesterday by investing on doge coin, after my investment few hours later I found out that I have lost some of my money doge coin depreciated more than it depreciated earlier.

 

[Ridorz]

Yes, I was surprised by Dogecoin in two days ago as I saw it increasing suddenly from $0.00-12.6% to $0.05+56.4%, this made me fall interesting in Dogecoin to invest on it but now I'm disappointed that it has decreased to unfavorable for me. Though, I believe that bit running is not over yet, it's just getting rest, I will soon pick up.

 

[Dowenship]

But I thought statistics suggest that dogecoin will surpass $1 by next week.. Does that mean that dogecoin is not promising as it as been suggested. Or its due to human factor controlling the crypto market affecting it

 

[idhans]

Dogecoin underwent a bullish run recently, but is on the decrease at the moment. Last week saw dogecoin climb to $0.05 per token from a very low price value that wasn't up to $0.01. It has taken a toll back to $0.03 per token with a weekly decrease of -22.27%.

What is the major cause of this price decrease in dogecoin, after its promising run last week??

That's how dogecoin behaves. I knew it will definitely come down that's why I didn't bother to buy. it's always good to wait during a bull run. you might run into losses if you buy any cryptocurrency during volatility. it will still come down by another 20% in few months to come.

 

[Sincerem]

That's how dogecoin behaves. I knew it will definitely come down that's why I didn't bother to buy. it's always good to wait during a bull run. you might run into losses if you buy any cryptocurrency during volatility. it will still come down by another 20% in few months to come.

Okay, the price of dogecoin have always been on the low. If it increases speedily it drops down speedily too. The coin is very volatile in nature. You can't predict the price if it will reach some certain level or drop down to a certain Kevel.

 

[Nurudeen]

The bull run on doge coin is back as at this moment and the coin have actually done 200% in the last 48 hours. The coin pump is been influenced by Elon musk who have a keen interest in the development of the coin and I will definitely buy some of it

 

[Nomad]

Dogecoin was in bullish run until May when the price reached 70 cents but then it started going down and went below 17 cents, which is the lowest in 4 months.

 

[jeff87]

Dogecoin underwent a bullish run recently, but is on the decrease at the moment. Last week saw dogecoin climb to $0.05 per token from a very low price value that wasn't up to $0.01. It has taken a toll back to $0.03 per token with a weekly decrease of -22.27%.

What is the major cause of this price decrease in dogecoin, after its promising run last week??

Dogecoin price has waned down. It has recently reached an all time high $0.68 per dogecoin. It was because Elon Musk who recently bought $1.7 billion worth of bitcoin through Tesla, announced that it will no longer accept bitcoin as payment because of environmental concerns. Almost all the coins went down including dogecoin.

 

[Mostee501]

I believe anyone investing in dogecoin should invest and forget about the coin for a longtime because i think it's a longterm profitable investment.

 

[Kelly5]

Dogecoin is a coin that is meant to be ok invested in for the long term and not for the short term. If you put in money in this project, you should leave it there for a very long time before it can yeild anything positive for you