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.

In my opinion, what happened to Dogecoin in February is difficult to repeat. Back then it was too expensive in my opinion but not for those who look at Dogecoin from a different perspective. Today we can see where Dogecoin is and its price is $0.2

Doge was just in the corner, no one touching it as they know Doge is just a meme coin that is not good for investment if we are looking for a big return, but it was a surprise that Elon shills this coin, and he literally brings it to the moon, and FOMO created so investors money now are stuck with DOGE.

You are right. To be precise, we can say that Dogecoin is just a meme coin. If we currently expect big profits on Dogecoin, it won't happen again. Dogecoin is only famous for the figure of Elon and does not rule out Elon will also feel tired of all these scenarios.