Post
Topic
Board Speculation (Altcoins)
Re: Dogecoin - are we hitting the highest value?
by
NeuroticFish
on 20/12/2018, 07:07:31 UTC
It is also the first time in a while one DOGE is valued at 70 Satoshi or more. 

You should look at the graphs stretched on longer periods of time.
At the time I entered crypto, Dogecoin was clearly over 100 satoshi (115 iirc).
I've just checked the graphs and from what I see, in May 2017, Dogecoin reached again over 120 Satoshi (0.00324$). Also after Bitcoin ATH, Dogecoin had its ATH in January 2018 (0.015$ !!).

So no, Dogecoin is quite far from its highest values, even the ones from the recent history.


Also, since Dogecoin has infinite supply, it could be adopted by some business as a proper coin (although being a meme coin I somehow doubt it), but also, because of its infinite supply its value is bound to ever decrease. So the price is pure speculation. After I understood that I sold my doges at the first good occasion the market gave me.