Dogecoin had been on mainstream even before Elon Musk became rich and famous. They had an active volunteer development team and a lot of support as a meme coin.
Though his vocal support made it regain it's position and reach top 5 again, Dogecoin has always been around even without Elon. They were still a popular coin in gambling sites, a popular tipping coin and one often used for transfers as the fees were lows and transaction fast.
Though his vocal support made it regain it's position and reach top 5 again, Dogecoin has always been around even without Elon. They were still a popular coin in gambling sites, a popular tipping coin and one often used for transfers as the fees were lows and transaction fast.
Of course. Dogecoin has been on the scene way before Elon Musk started tweeting about it. The community has kept it going after all these years. Once Elon Musk expressed his compliments towards DOGE, the cryptocurrency soared towards new All-time-highs. This has brought lots of public exposure to the project.
What I'm concerned about is Dogecoin's ability to survive after Elon Musk decides to abandon it for the next big thing in crypto. Things are not the same as the were back in crypto's early days. A massive dive in price could sink Dogecoin for good. The blockchain will still be alive, but it will not be as popular as it is right now. If there's not much interest into Dogecoin, it could slowly fade into oblivion. After all, it's an extremely outdated cryptocurrency. How long will it survive is a mystery. The best we can do is diversify our investment into other coins to be prepared for the worst. Just my thoughts
