It is a memecoin which it would really be staying up that way and one of the factors that would disqualified it which it does have that big supply and i dont actually see its utility which is mostly been used on gambling.
We do even see some meme coins in the market which do follows on the same principle of this one but since this coin is old enough and still kicking then it cant really be denied its potential to last up for more years to come.
Supply alone is a solid indication that this isnt really that something that could surpass bitcoin and just to mind off even those good top ranking altcoins in the market cant even do the same thing.
We do even see some meme coins in the market which do follows on the same principle of this one but since this coin is old enough and still kicking then it cant really be denied its potential to last up for more years to come.
Supply alone is a solid indication that this isnt really that something that could surpass bitcoin and just to mind off even those good top ranking altcoins in the market cant even do the same thing.
People can't expect a "meme coin" to overcome the original cryptocurrency which started it all. It can't even be taken seriously because of the inflation "baked" into the protocol. Dogecoin's original creators/founders even said that the coin was meant to be a joke. Unless there's a reduction in supply and the project comes up with something truly innovative, I don't see it going anywhere soon. There are far better cryptocurrencies on the market with a proven track record of development and innovation.
I'd say both Bitcoin and Ethereum are better than Dogecoin itself for many obvious reasons. How far will the "meme coin" go will greatly depend on mainstream adoption. It may never overcome BTC, but it might stay with us for quite a long time. After all, it's one of the oldest cryptocurrencies in existence. Who knows what the future holds for DOGE and the entire crypto/Blockchain industry? Just my thoughts
