The current Dogecoin is a very popular coin. The value of these coins has multiplied since 2021. And there are various speculations about this. The ''shiba community'' said yesterday that the value of these coins will continue to decline very soon.
Tesla and SpaceX chief, billionaire Elon Musk, has posted a response to the recent negative assumption of the Shiba Inu Community about his favourite Dogecoin.
In the thread that touches Cardano’s ADA, billionaire crypto investor Mark Cuban and his recent investment in the DeFi Titan project that then made a rugpull, the conversation turned to Dogecoin.
Promiment DOGE Twitter account “Shibetoshi Nakamoto” has assumed that Dogecoin transaction fees are going to be greatly reduced soon. Still, they said, people are using this meme-coin anyway.
The person behind the anonymous “Shiba Community” account tweeted that nobody is going to use Dogecoin and some are only utilizing it thanks to Elon Musk.
However, the anon opined that as soon as Musk dumps it, DOGE will become useless.
The Shibetoshi Nakamoto responded that this was just at attempt to shill the SHIB coin.
Elon Musk agreed with that, tweeting “ha-ha”.
Noted: This ios a news which was aired yesterday.
They're all trash coins to be honest, people are using them to speculate instead of as a currency so they only stay high as long as people feel that might go ever higher. Doge has a huge advantage that it has been around for almost a decade now, which gives buyers some reassurance that it doesn't have any unknown weaknesses that might make it worthless and it has much more media exposure over that time. Shib is just another recreation, trying to mimic the success for people who missed the colossal rise of Dogecoin - unless they start getting used for widespread practical functions (that don't involve evading bank accounts and they taxman) they are basically one big multi-level marketing scheme trying to suck in new buyers.