2 reasons why doge is stuck

[Kariuki]

For the longest time that I have been trying to check on doge coin, I have come to realize its always there, it never moves its just stuck and it requires a lot of time to really take it to a different price,  it has played around 0.002$ and 0.003$ for a while now , I only could come up with two reasons.

1. Doge coins are too many in supply, 125 Billion doges, as compared with 25 Million bitcoins

2. There are way to many Holders. I mean so many people dream of a day doge coin will hit 1 dollar and so thy keep on holding onto it, and not using it, so many have even millions of doge coins and so when you look at it, there is no circulations , so the price remains the same because of luck of activities.

What would you say would be the reason

[reebox]

the most appropriate reason, dogecoin stands at current prices, where many people prefer to buy bitcoin and hold, so dogecoin loses buyers and that we can know when looking at buy and sell in each market.

[itconsults]

Yes, I agree, at starting the coins was very popular and people were trading in this coin so much, but when the price has become stuck, people don't invest because in this way, they have to wait so much to make a little profit for holding. And other thing is that there are so many alternatives available in the market. 

[Ali saher]

I watch and use dogecoin last 3 years and 1st time very long time dogecoin price stuck I don't know why . After every 2,3 months this coin price go up but this time not go up so long time maybe not so many new investors buy this coin.

[Elpadrino]

You right bro, but i think if i win a huge amount of doge ima go and put in the vault for security reasons it may increase !

[Mooo]

 i think since its supply is unlimited so it will remain at this price

[AlfredOrin]

1 hour ago, Mooo said:

 i think since its supply is unlimited so it will remain at this price

It may remain at the same price, but the demand for supply will always vary.

[Sourav123]

Yeah totally agree you on this For me dogecoin is just a meme coin lol but i do enjoy playing with it its quite fun

[AlfredOrin]

8 hours ago, Sourav123 said:

Yeah totally agree you on this For me dogecoin is just a meme coin lol but i do enjoy playing with it its quite fun

It's great when fun turns into something useful)

[Mooo]

On 6/24/2020 at 7:29 PM, AlfredOrin said:

It may remain at the same price, but the demand for supply will always vary.

but i think its price gonna decrease since its supply .. unlimited how it gonna stay at same price

[moolB]

What can you expect from a fun coin or meme coin as someone here named it ? It`s a fun coin, so have fun with it. I wouldnt have too many expectations from it.

[zeesha]

both the reasons are correct. Still Doge is awesome

[RoyalSteeze]

never had much luck or experiment with them but they seem like a stable alt, im a fan forsure

[fernandez554]

its  a joke coin who gained popularity and now is being taking serious as  one of the top crypto currency

[deluxy88]

 nowadays i heard it being used  only for gambling purposes

[JamesBondOO7]

Man I have a trauma with doges since the time I sold 5000 of them for 17 sats just 3 weeks before the price reached 100 sats lol

[Igorat]

Doge is meme coin

[ihop]

A lot of interesting ideas here