Is DOGE Coin's Rise a Sign of the Future of Cryptocurrencies, or a Fleeting Internet Meme Phenomenon?
Because of what Elon Musk is doing with it and you think it is the coin to first be considered? Bitcoin is the coin to be considered. Doge is just a meme coin (coin of no reason than to speculate its prices), although while many other coins have no utilities even as they are not meme coins.
DOGE is a memecoin. Not a bad one but still. Do you really think it can be the cause for the bright crypto future?
Doge has nothing to do with crypto bright future. Let us expect more manipulation from Elon Musk though.
Yes, indeed. They say that DOGE brought a lot of people to crypto. But a lot of them saw how it went from $0.7 to $0.1 and lower and abandoned crypto for good. It's definitely not the coin to consider it as some kind of messiah.
Dogecoin had been subjected to pump and dump. I do not think that there is much difference in the future, although I admit that Dogecoin is the one that brings me to know Bitcoin but as I observe Dogecoin market, there's nothing changes, it is still a subject to pump and dump, now it is for us to take advantage of the pump and dump event that always happen on Dogecoin but be reminded that it is very risky if we try to ride on these schemes.
Yeah, some of us could have heard about Dogecoin before Bitcoin just like you. But in the end, we should know that Dogecoin is just a meme coin. So throughout it's existence, it has been subject to pump and dump and later on, with the way Elon Musk promote it, we thought that it will challenge bitcoin to be one of the biggest crypto out there and could remove the stigma of being a meme coin. However, it didn't last, obviously Musk has used it to most likely get enrich himself and now it is relegated to it's category as just a meme coin and has been copied by a lot like Shiba and others.
With all due respect, not because is a meme coin, Is it bad? Do you think that Dogecoin has not helped anyone in giving profit to those who believe in it or even to the crypto community we live in?
Aren't there other cryptocurrencies that are not meme coins but have also given risk to others that are worse than what we think of a meme coin? In fact, we can even see Dogecoin on the majority exchange, which is at the top of the market. So, that means that Dogecoin is also okay, not only because it has been in the field like this for a long time.