Quote from: Eternad on Today at 11:57:06 AM

Quote from: Fundamentals Of on September 08, 2022, 12:29:43 PM

It is funny, isn't it? Who would have thought in 2014 that Doge would last this long and would even reach almost a dollar? It was a mere meme coin which was meant to be just a joke. It was the ancestor of the likes of boobcoin, beibercoin, trumpcoin, etc. But well this is the crypto market. It would have been better if you've forgotten your Doge until it hit $0.70.

But still I think I wouldn't recommend investing on shitcoins with exaggerated predictions.

Since Doge been hyped by Elon that makes it’s price too high even it is just a meme coin, we can’t really tell upto how much the coin can be since there are influencers who might use their position to give coins some impact. When it comes in other coin predictions it’s hard to tell whether they can get some spotlight unless it’s already trending. Predictions sometimes made by experience market experts but it’s still our decision to check their basis and if it have some potential. At the end of the day it’s our money at stake so we should be careful whether to listen to the predictions or not.

Still, even before Elon's involvement, Dogecoin's price was still high for what it is, a meme coin with unlimited supply. I remember owning a few thousands when it first appeared, they were worth $5-10 at most. Unfortunately, I sold them when the price had plenty of zeros after the decimal. Even the current prices are extravagant for what Dogecoin is, it serves no purpose, apart from it being used in gambling perhaps, can't think of anything else. The interesting part is that it's currently sitting at 11th place in CMC, with a market cap of a little over $8.5 billion.