I'm fairly new to crypto myself, but someone with experience said the DOGE block reward had recently just halved for miners. At the time DOGE was at the highest price it has ever reached.
He said theoretically the price should go down, then go back up and stay up. He said it's because the miners only get half the number of DOGE's they used to get for solving a block, so they will no longer be able to dump loads of DOGE's on the market at low prices.
He was right about the price going down, and I hope he was right about the price going back up again. In addition, all the alt coins seem to go up when bitcoin goes up in price, and down when bitcoin drops in price. I guess DOGE might go up in price if bitcoin continues to go up in price.
yea that's what im noticing as well. My gut feeling is to hold on to them for as long as possible - worse case im out of my money I invested, which isn't the end of the world. But at the same time - if other, more advanced users, are recommending trading for something else then that's what I may want to do.
Thanks for your input!