Quote from: QueenVera on Today at 03:56:20 AM

Quote from: SlimShadyMmp on July 13, 2023, 10:33:02 PM

Personal Opinion Doge is not getting to 1S mate best invest in better project with utility than throwing your hard earned money into cabbage I think Doge is pure meme and back then it was worth nothing Impact their were faucets for it So I think best thing to do is trash that idea and lookup better projects to invest in than that Look into defi nfts gaming and the rest and decide

Dogecoin started as a joke and still a joke that's why it's called a memecoin and everybody knows that before they're investing in it, they're investing in a joke because when a joke becomes successful you're going to be very rich. You can buy 10,000 dogecoin for $800 which can make you $10,000 when dogecoin start trading at $1. Dogecoin is the king of memecoin
Dogecoin has the same influence on memecoin like bitcoin has on the cryptocurency market. When doge coin pumps other meme coins also pumps and when doge coin dumps other memecoins also dumps. If you love meme coin, buying dogecoin should be your first priority because other meme coins might stop existing but doge coins will always be actively trading in the market.
Dogecoin has developers working on the project and it'll soon become more useful. For now dogecoin is just for speculation and the price increase because of hype from the community of investors. Investing in doge coin should be done with spare money because they market is very volatile as investors in memecoin are mostly emotional investors looking for quick profits.

Dogecoin may have been a joke at first, and it may always be a meme coin, but it doesn't lessen the influence it has had on the market. I agree with you that it has an uncanny ability to predict and predictably lead the price of other meme coins.

However, it is a bit of an exaggeration to compare its impact to Bitcoin's on the entire cryptocurrency industry. While it's true that other meme coins rise and fall in tandem with Dogecoin's price, the dynamics of the entire crypto market are no longer determined only by Bitcoin.

Developers are hard at work improving Dogecoin's practicality, but we shouldn't lose sight of the myriad other projects where people are working just as hard, and some of which have even more obvious applications. Definitely put money into Dogecoin, but remember who the king of crypto is