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

  • Thread starter Thread starter Sincerem
  • Start date Start date
Sincerem said:
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??
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That's always the rule of the game, when their's a spike rise in any coin definitely it will come down but might to get to where it all started from.
 
Dowenship said:
That's always the rule of the game, when their's a spike rise in any coin definitely it will come down but might to get to where it all started from.
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But did you watch out what transpired on the market recently? The coins on the market gained value, after the weekend, now they've shown signs of moving u higher.
 
Sincerem said:
But did you watch out what transpired on the market recently? The coins on the market gained value, after the weekend, now they've shown signs of moving u higher.
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Yeah, i was more than surprise by that sudden pump in which bitcoin pumped close to 40,000 within 3min. Although in the coming week thing might get red.
 
Based on the posts that I have read in almost all forums that I go to said that Dogecoin has no value at all because it cannot be compared with Bitcoin. The price of Doge only increased due to the misinterpretation of the public on the tweet of Elon Musk. Now Doge is going back to its real place.
 
Elon musk has presently not said anything about Doge Coin yet, but I am sure that he does has some underground plans of what he intends to do with it.
 
Doge coin surprised most of us yesterday when it did a whopping 13% increase in the crypto market yesterday, I was already thinking Doge was not good enough.
 
something has changed for good reasons. Dogecoin is gaining value and a little while ago the price of each doge coin was 26 cents. However, I will be in loss until the coin reaches 40 cents.
 
Mika said:
something has changed for good reasons. Dogecoin is gaining value and a little while ago the price of each doge coin was 26 cents. However, I will be in loss until the coin reaches 40 cents.
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It is good to see that the price of this cryptocurrency is continuing to rise despite there being a large period of time that it was actually stable and decreasing and price as well. I think that a very good movement for you right now would actually be to purchase more of this cryptocurrency in order to try and reduce the overall average price that you purchased this currency for. This will allow you to realise a profit at a much sooner rate.
 
Currently now that there has been a bullish trend in the whole market on most cryptocurrency, I hope this dogecoin is picking up in the bullish trend too otherwise it will just go extinct soon with it's slow movement
 
I think favorable time for dogecoin has already begun, the coin has gained 5-6 cents value in the last 2-3 days. However, I am not going to profit from dogecoin because I do not have any
 
Dogecoin was one of the crypto currency that was used to manipulate the market and I really think it's bad. Some bought the coin at higher rate and others are now taking profit now making others to lose
 
For those investing in the Dogecoin, I hope you are looking at all the optics very properly before buying to hold such type coin?
 
It should be known that no coins rise forever. No matter what they are going to experience both rise and fall in price. It is up to investor to know how to play his game in the cryptocurrency trading.
 
That's correct because what even bring the bullish run is the influence of Elon Musk but still the coin will continue to be good for investment.
 
Actually dogecoin is doing well now . I guess this post was made when the price was down. This is the more reason we need to understand that cryptocurrency is very Volatile.
 
The Bull run for dogecoin is not over yet. It is a good crypto currency. The rise and the fall in the value is just a market trend. This may be applicable from short to medium term but in the long term, the price will always go higher for all cryptocurrencies which are good in quality.
 
Sincerem said:
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??
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I guess those who invested on dogecoin has already make their profit from it and after then they make it loose profit, so is better for anyone who want to invest on the coin to buy and keep again because it would soon rise I guess.
 
FreshKaz11 said:
I guess those who invested on dogecoin has already make their profit from it and after then they make it loose profit, so is better for anyone who want to invest on the coin to buy and keep again because it would soon rise I guess.
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Those who followed the uptrennd earlier on when Elon musk was pushing it higher got the better off it when it went from $0.03 to $0.67.
 
This is only temporal because of the social-economic factors affecting most of the coins at the moment. Plus we cannot neglect the effects of the pandemic on the flow of the coins. This is the biggest factor in the last two years. Even the fiat currencies are feeling it,
 
I remembered when the coin was moving up as if it will surpass $1 threshold. I was surprised it didn't get to the $1 as it looked though it will reach.
 
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