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.
People who buy doge even when they know the value is already too high must be taking a big risk in my opinion, we know all this time doge has gone up only because of the hype tweets from elon musk and when elon musk started tweeting about other altcoins (baby doge) of course the price of doge will continue to fall and will most likely return to the bottom later, buying and holding altcoins without strong fundamentals is certainly suicide in my opinion.