Quote from: kentrolla on Today at 07:44:30 AM

Quote from: bitgolden on December 25, 2023, 05:25:34 PM

Quote from: mich on December 25, 2023, 07:41:52 AM

Quote from: Sophokles on December 24, 2023, 11:59:26 AM

Doge Coin is a meme project and the only reason there is still hype about it is elon musk. We should be careful when we are thinking about investing in a project that is getting all the interest from the industry only because one man is interested in it. What if elon says he is going to develop his own project or he will not longer supporting doge and its development? This market will react negatively. So the advisable option is to invest in a project that is fundamentally strong and has a real use case.

Well I do agree with you there is hype because of Elon Musk. That is a big reason why we are still talking about this meme coin. But also we must remember it is the first meme coin that was created in 2013.

And first it was meant to be only a joke. But then when we can start to make money if we just hodl it this is why it is most popular meme coin. I do not think Elon Musk is going to develop his own project so I am not going to worry about this happening.

Before Elon came in the scene, there is already hype that wraps around the coin DOGE. We should not forget that it was created because of that cute dog who went viral. And I've seen a lot of people who are using it as a currency back time. Elon is just an addition but maybe it's true that it boosted DOGE. The term joke coin is not literal because DOGE still has the characteristics of a real crypto. It has a supply, a display price, etc... .

There are so many ways to make money here in crypto or by using DOGE, not just via hodling. And it wasn't advisable in fact to HODL the coin because it's not just great to be used this way as BTC, ETH, and similar cryptos.

Doge ready had hype to IMO to be honest it's only post involvement of Elon Musk and his repeated reference of Doge coin which made the coin surge to a figure which was hard to achieve on its own and it dropped down at the same speed once it became clear that EM is not serious about it and just using the term Doge coin but not using it as a payment method on his project as people were expecting Elon Musk to accept Doge as payment or integrate it in his projects.

Due to this a lot of people have gained and lost huge sum of money it was like ambling at certain point of time.

Why do you think elon mask is not serious about doge? I think he is still serious and he is just waiting for the right time for a better market situation when he will again start his silly meme sharing trend. I think he is still holding a big bag of doge that he will liquidate in the next bull season. His statement about making twitter a financial hub increased hype about doge but as soon as people see there won't be any integration of doge coin in that payment network they will start dumping their doge.