I really like Dogecoin but honestly, it is extremely overpriced right now because we should not forget a fact:
Dogecoin needs to solve a big problem: it is uncapped currently. Dogecoin has no capped supply like Bitcoin, it has infititive supply!
If DOGE solves infinite supply problem, Dogecoin can reach very high prices, but right now, Dogecoin is way overpriced because it has no cap!
absolutely,,
because of Elon Musk this coin flying really high,
but the facts, doge doesn't have a real use cases mate,
so, in my opinion if we invest in doge for long term, the risk is higher mate
Its too risky for a long term holding, better to just ride the hype and every time you make profit, better to take right away since many whales are playing with DOGE and you might got trapped if you hold this for long. The unlimited supply is the issue here, they have to address this and make some usage for DOGE or else it’ll remain as a hyped and meme token.