Why Dogecoin Comes Down So Much?

[Muneeb22]

Dogecoin is a good coin and its high is 0.083$ but this time its price is down so much almost 0.0485$. Why it comes down so much and in future it touches the 1$ is it possible or not?

[hasyurt]

Because it only rises with the shilling of Elon Musk. There is no extra situation the project puts on it. Nowadays there is always Defi wind and the doge has nothing to do with Defi. Since the direction of bitcoin has been uncertain for the past two weeks, the situation in Dogecoin and other altcoins is uncertain and withdrawals are taking place.

[fadl4]

It is possible that Dogecoin will be priced at $ 1 in the future as so many have bought Dogecoin and Dogecoin's volume has started to increase.

[Criminal]

After Tesla tweeted about Elon Musk's doggie coin, people's demand for investment multiplied on this platform.But recently, investors may not be investing in this platform but investing in other platforms. Maybe that's why the value of doge coins is being dumped continuously now.However, this platform has the ability to turn around again. Can turn around at any time.

[Blue_sea]

Doge coins suddenly became more high price. for this reason it takes some correction. There is nothing to worry about it. I think it’s a good coin that will rise again.

[Dinid]

not only dogecoin, but so many coins in the last week experienced the same. Lots of altcoins are following the bitcoin price maybe, that is normal

[Trumpet]

In the space of a few days, the value of doge coins has dropped by almost half.Maybe after Tesla Elon Musk no one else supported this coin, maybe this coin's value is constantly declining.But if people invest in this platform again, I think the value of this coin will go up again.

[fadl4]

In the space of a few days, the value of doge coins has dropped by almost half.Maybe after Tesla Elon Musk no one else supported this coin, maybe this coin's value is constantly declining.But if people invest in this platform again, I think the value of this coin will go up again.

I am sure that one day there will be support for Dogecoin, for now, please invest in Dogecoin as needed or according to your capital.

[Bobcrypto]

In cryptocurrecy anything can happen, when there are more demand, the Dogecoin price will increase today or in near future beside Elon Musk support. I think that Dogecoin value will continue to improve upon further institutions investment, and the price of Dogecoin from $0.083, it's all time high, to the trending price of between $0.05 to $0.0487 is still a good markets conditions that will keep improving from time to time. I think Dogecoin will hit one dallar in no distance time.

[MrSpasybo]

DOGE coin was born as a meme and I am surprised that we are seriously considering it as an investment. The sharp rise in DOGE prices over the past few months has come mainly from the TikTok social media effect and Elon Musk's tweets that publicly support DOGE. However recently it seems that Elon Musk has lost his power, he still tweeted but the DOGE price is no longer as volatile as before. Even a more famous person, billionaire Mark Cuban, could not help DOGE's price rise during the past week.
Personally, I think that the price of 5.5 cents of DOGE at the moment is still very high compared to the real value of DOGE, the DOGE price has increased 20 times in the last 3 months, in the best scenario, the DOGE price can only increase 5 times and reach price about 25 cents in this bullrun only.
$1 is a price too high for DOGE, at least for the market right now.

[KryptoBull]

We have to accept that DOGE's bullish momentum during this bullrun has officially ended and is already making a big profit for DOGE buyers in 2020. For now we only hope that DOGE prices continue to hold. 0.05 USD to not make many people lose money only. Elon Musk also can't support the DOGE community anymore.

[Mental]

Brother, there is no reason to be tense. The market is good at one time and bad at another.  Every coin in the cryptocurrency world is pumped once and dumped another time.  But you have to be patient.

[dodok]

If I say why Doge has dropped so far, usually there is a massive selling factor that causes the price of Doge to fall, for the future I am sure Doge can touch $ 1. Nothing is impossible in the crypto world.