I'm surprised to see an abandoned coin like Dogecoin surging in price like crazy. People are overestimating Dogecoin without realizing that it was never meant to be taken seriously. The huge supply of DOGE in circulation, along with abandoned development and innovation, tells me that it should be less valuable than what it is right now (please correct me if I'm wrong).
What are your thoughts? Do you think Dogecoin is overpriced? If not, why? Your input will be greatly appreciated. Thanks.
What are your thoughts? Do you think Dogecoin is overpriced? If not, why? Your input will be greatly appreciated. Thanks.
It is difficult to analyze a project that was originally just a joke, a meme project. Now it is actively promoted by Elon Musk, who owns a huge share of tokens. It seems like he even bought them as an inheritance to his son (as he stated). But as soon as he starts pouring them, the game will end ...