Why doge coin does not perform

[Upright 2688]

The doge coin performs on it limits there, as the coin was actually a meme Coin on the market and then went global, as doge coin  is Best used as basically fast and low transactions fees. But hope are still on the doge coin, if it can gain more demand

[Zaino34 0]

Dogecoin coin is a good digital currency, but despite that it cannot be compared to the composition, although it was popular among the people, but so far its price is still low compared to the other digital currencies.

[issa123h 0]

Really its price never changing

It is a good coins and has a lot

Of people who prefer to use it

I was thinking its price will be 1 dollar

But that was not happen

[Calvinpriva 17296]

I am one among those who holds doge coin and i also believe that one day it will pump and i will earn a good amount with them. If doge will pump even to 2 dollars, i believe it will turn many lives and make them millionaires.

[Zaino34 0]

Dogecoin coin is a good currency and people store this coin every day, but so far its price is still low and I think that in the future its price will rise and improve and may have a good future so I store a good amount of this currency

[IamLeader12 682]

Yes, you are right, if the capitalization of this coin was less, it probably sooner or later would have risen in price to at least $ 100.

[Dark_Sky 8489]

On 4/23/2020 at 8:14 PM, BitcryptoHan said:

Doge coin is a good project and it do increase during bull run but the coin supply is very high but the rate of adoption not perfect enough. 

That's right. 

Also many people stock it and waiting for the price to rise for them to sell doge coin. 

I think at this moment it's not the right time so they wait for the right opportunity. 

[Dark_Sky 8489]

On 4/23/2020 at 10:47 PM, Binjit said:

I also dont understand about dogecoin i saw since long time dogecoin is not performing i cant say 
but i can guess it that dogecoin supply is higher then demand thats why it is not perform like 
we expect

As of now doge coin is not performing well although many people holding it. 

I think it will rise in the near future so much better to hold it. 

[lharost 1526]

On 4/23/2020 at 2:45 PM, Kariuki said:

 

But there is a reason behind it, first of all, doges are so many in supply , compared to bitcoin, there are about so many doges there are 124 Billion Doges as compared to bitcoin 21 Million, a very huge difference.

 

That is the reason for this stable price mainly and that results in dogecoin being a hard coin to pump, when you have that supply staying in the market at a higher price can be quite difficult, you can watch other coins like dogecoin with high supply too, most of them have this same problem.

[Omar Ommeish 4872]

I think its price will increase over time, but we know that the higher the quantity, the less the price and this problem facing this currency.

Edited May 3, 2020 by Omar Ommeish

[ETheHedgehog 3104]

dogecoin is more of a stable coin now, it keeps a steady price which is why there are sites where you can use it as a form of payment

[kadayakito 765]

dogecoin has a large supply and volume but it is low in value and demand is not high so it is not the choice of many people and I have not seen it mentioned recently. It is not the option of filling the pumps. Actually I hope it has a higher value.

[BrolySSJ 7899]

i think the doge coin does not show major increases and decreases in its price for two main reasons. First of all, as much as it is considered to be a stable coin, it is quite evident that the low value does not show major changes very well, as opposed to more valuable coins like the bitcoin. Also, there is a much larger supply of dogecoin and therefore it is not held back as much as the supply and demand of bitcoin is.

[Bruno52 1141]

I agree with you and I think that everyone in the crypto community has to be aware of facts like this so that they know how to trade and invest better and make profits.

[ComeBackIsrael 185]

The price of Dogecoin does not grow because this coin is a huge amount, if it were only 50 million pieces in circulation then the price would be many times higher.

[Crypto123 0]

That's right, the large number of doge coins and people keeping them causes their price to drop. Although it has risen in the past to good prices, in any case I do not trade the doge against the dollar, but I do trade in the doge pair against other currencies because there are more profits

[Sagor ahamad 178]

Dera friend 

I am new hare. I have ni infirmation or idea in this tropic.there have many senior friends the know this properly. Hope the suggest us the best solution. 

Thanks   

[Kamila 291]

It seems to me that the price does not change because a lot of people bought this coin at the lowest price and as soon as it starts to grow they immediately sell it in large quantities and do not allow the price to go up.

[Mwangi 5611]

Thats true, there is a chance that dogeis too much, the doge is really one of those coins that are large in supply and they are all for people hold it the coins , there was a lot of to which to really work and put together we are all said to trust certain forms of choise we know

[jamesvince 2389]

Doge coin is not a bad coin for long term investment because in January and February its performance not bad at all but now few days ago i checked its price goes up more then five percent it means not bad for day traders and also doge has huge supply that is why its price in term of usd not much high.

[Gaurav kumar 972]

Doge coins are one of the oldest coins that have been formed but it doesn't show a much progress. It has a good increase at times but as the adoption of gold coins are less that's why it is not favorable for many users and doesn't perform good.