Dogecoin flies to 100 satoshis, please don't make me crazy with that dream. I have only planned to take profits with my Dogecoin around 60 satoshis, that likely a big challenging at the current bearish period of the whole crypto market. Bitcoin has struggled at low range and most of altcoins have still lost from 80 prcent to more than 90 percent from their all time highs. That is very a big challenge for them to come back.
Most of the altcoin is facing this situation, people already bought the coin at the high value which it is impossible for them to sell them at the current prices because the value of altcoin has lost more than 100% if we have spare money it is very good to grab at the low and hold them until we see growth in the market.
Imagine when you bought this at 100 satoshis and then the price is declining at 30 satoshis and you are deciding to sell all of your chunks right now but a few months after that and the value of doge goes below 30 satoshis and was there something better than cutloss it rather than waiting for that to go back again to go to the 100 satoshi again?
At least for a daily trade and this coin looks good.
Indeed Dogecoin is good choice for day trader this coin still in good demand no matter what is the current price but it has very big community which making sure to survive for long time. It seems this coin will stay here for long time and keep entertaining the lovers of Dogecoin.