It is obvious to me that dogecoin is overpriced and besides unreasonably. There is nothing innovative and its technologies and no good project behind it, so the only reason why it grew was advertisement from Elon Musk, but without it,this coin is likely to die out rather than to have success. I don’t invest in it as I don’t believe that it is likely to have a future.
Somehow, Dogecoin's price won't dip below $0.01. It has retained its price for some time, even without Elon Musk posting tweets about it. I think the bull market made this possible. We're going to have to wait until the next bear market to see how DOGE will behave. One way or another, Dogecoin will go down the drain because of the way it was designed. It was never meant to be taken seriously. I'd consider the cryptocurrency overpriced if it sits above $0.01 per coin. Newcomers will think otherwise because they don't know what Dogecoin is all about. They'll regret themselves later when DOGE fades into oblivion.
As I've said many times, there are far better cryptocurrencies on the market with attractive features. People are just buying DOGE because of the hype. After it's all over, they'll be forced to look elsewhere. How much will Dogecoin be worth in a few years, is a mystery. As long as you buy low and sell high, you'll have nothing to worry about. Just my opinion
