Post
Topic
Board Altcoin Discussion
Re: The reason Dogecoin could fail in the future
by
Ziskinberg
on 07/01/2023, 13:26:42 UTC
I think Dogecoin is a very strong project and the main point is that a Alon musk support of this project so they show that it will be a successful project in future.
Dogecoin is only a meme coin, it has no fundamental, mate. And its total supply is unlimited. How can it is a very strong project?
Elon Musk supports it now, but we don't know how long Elon Musk will support Dogecoin. Elon Musk can stop supporting it at any time, if it happens Dogecoin will suddenly drop its price significantly and it probably drops out from the top 10 coins. It is strange if you assume Dogecoin is a very strong crypto project.  Huh


Indeed, Dogecoin is not a valuable coin in the market and has no strong market fundamental but it could be wondering why it was still there and belong to the top 20 coins of the crypto market. I couldn't think this really happen to meme coins like Doge. Therefore, I could say that Dogecoins is somewhat special among others. But yes, it was not a good investment, maybe for some purposes it could help.
I was thinking about what will happen to this project if Elon Musk gives no support on this, maybe this will be the time to see what really is the capability of this coin.