Re: Is Dogecoin overpriced?

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.

Admittedly, the doge currency is being blown quickly. It took me by surprise when within a week there was a lot of price increases
I think it's going to go up to 1$. With the current market and the number of participants investing, the price it achieves is not surprising
New or old investors are interested in it.

people also talk about the Dogecoin achievement. but for the price of $ 1, I think it's too expensive for Dogecoin. indeed in crypto nothing is impossible. but how is it possible that the increasing demand with the current infinite supply of Dogecoin could create such a powerful explosion as it is today?

DOGE reaching $1 is not impossible as you say but if it does get to that it will not reflect the true value of it. The pump is the only cause people rush to buy DOGE not its value as an asset. If this was to happen then it will only be a matter of time before the bubble bursts.