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

[BrolySSJ]

Lol, you know when something you didn't like happens to you, you will surely learn from it. That's the case of Elon musk manipulation and those who lost trusting it.

I saw that a lot of people have actually responded to his tweets on twitter relating to this coin to say that they have lost so much money in dogecoin and so forth and i think comments like this is what is also deterring people.

 

[Sincerem]

I saw that a lot of people have actually responded to his tweets on twitter relating to this coin to say that they have lost so much money in dogecoin and so forth and i think comments like this is what is also deterring people.

Laughs, it will be nice to express such kind of comments around Elon musk to tell him that his own dogecoin is sucking the funds away.
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It will really take time before dogecoin can reach it's highest benchmark of $0.64 which it achieved around first week of May this year.

 

[BrolySSJ]

Laughs, it will be nice to express such kind of comments around Elon musk to tell him that his own dogecoin is sucking the funds away.
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It will really take time before dogecoin can reach it's highest benchmark of $0.64 which it achieved around first week of May this year.

I do agree with you in the sense that it will take a lot of time for this cryptocurrency to reach its previous level and I think that one of the major things that is needed is that this cryptocurrency has to have some sort of a limiting factor in terms of its supply.

 

[greenie]

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.

 

[HayKay]

The thing about Dogecoin is the fact that there weren't a lot of people that were backing this project - all was just left to Elon Musk and at a particular time, he got tired of it I'm sure.

 

[Bousine123]

I believe that donge coin has rise this year 2022, you see, every thing is possible in the crypto currency market as far as the law of demand and supply is applicable.

 

[Laurentta]

Hmmmm, i don't know if we can ever tell the reason for the price decrease in doge coin. I'm also wondering what happens because i heard it's price was increasing and now all of a sudden, it's price decreased.

 

[Grandeur]

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.

Dogecoin was one of the coins that did very well last year in terms of profit as it closed at $0.7 after an all time low of $0.5 which is good business if you ask me so I wouldn't really say it's not profitable.

 

[Sincerem]

This is one of the reasons I choose to avoid any coin that is being hype by celebrity. Elon musk the one behind the constant increase in the price of dogecoin. But now he is no more talking about dogecoin.

 

[Setho]

It is always the case with cryptocurrencies that there is going to be a very big movement before we are going to see it finally nuke down and that is why you need to be taking profits aggressively.