I saw this coming, tried to inform you all but too many new people blinded by the $1 target in this sub.

I posted this 2weeks ago at the peak
https://www.reddit.com/r/dogecoin/comments/leoe38/dogecoin_is_about_to/
saw this drop coming.

And this is not the worst of it, dogecoin is going to drop further.
Why?
Because it is currently way over priced, the only reason the price got to these levels is because of TikTok pump an dump and deification of Musk.
Wishful delusional greed is what feeds these pumps, thinking that a magical tweet is going to send dogecoin to $1 and over.

Right now dogecoin does not have the economic foundation to support the current price level. It will continue to drop until it settles.

Regardless of what is happening with bitcoin and other cryptos, if you want to ensure this does not happen again or get much worse then we need to create that economic foundation so that external factors have less of an impact on dogecoin.

First, what everyone needs to do is to forget about the price, lets put utility first. that means start using the coin.
Use it to pay for goods and services, tip people, donate it (don't cash out and donate fiat), give it away to people, of course you hold some as savings but don't hold with the thinking that it will make you millions in fiat. This is holding money for later use.

Dogecoin is not meant to be just another play thing that one can buy/sell with fiat.
Dogecoin is what we use to buy things as an alternative to fiat.
Using the coin will increase circulation thus creating demand. Increased demand attracts more vendors. Stop with the petitions to try and pressure huge brands into accepting dogecoin.
If we the dogecoin community are not even using the coin how can we expect them to accepted it.
The best form of advertising is showing them that we use it, let the numbers do the talking

Take your coins from custodial services and put them into a wallet only you control, then you have the real freedom cryptos are made for, you can spend it with whoever you want, whenever you want, and however you want all without seeking permission from these unnecessary intermediaries who provide nothing but get a cut from each transaction.

It is important for each one of you to learn how to get a real crypto wallet and use it.
Specially with all the talk about forks however unlikely in the event of a fork you want to be holding the coins in a personal wallet, because history has shown exchanges will short change you or in some cases will not even issue you the forked coins you are entitled. Because at the end of the day if you are not holding them then they are not your's and exchanges/custodial services can do whatever they want.

Don't worry about the price, just use the coin.

Tl;DR? Ð1 = Ð1