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.
I think dogecoin overpriced at that time especially all the people went crazy with the tweeted of Elon Musk. People are just buying dogecoin because of the hype. After it's all over, they will be forced to look elsewhere. And if we take a look at the chart now, I think the price is come back to its normal and right now the price is $0.2209.