Quote from: Huppercase on Today at 09:51:02 PM

Quote from: Adbitco on October 03, 2024, 10:51:23 PM

“As time goes on, Dogecoin has become less of a memecoin and more of just a blank slate – one without much technological or idiosyncratic risk. Relative to the rest of the crypto market, it offers a pretty solid mix of familiarity, simplicity, and low cost,” —commented the founder of the Velo Data platform, Frederick Collins.

For more details read here.

The criterion which it was mentioned is meme because it's something made out of fun and humorous and not to be consider financial instruments and as such, financial watch dogs like SEC can't do anything about it that's why when Elon Musk was summon for lawsuit of manipulating people to buy Doge coin and for insider trading, he won the the case. The meme definition of meme coins will remain the same otherwise a lot of people that are doing meme on Solana chain will go to jail.

Till date, most meme coins don't have team, they are doing that to cover tracks of SEC, when a project has a team with mission and vision on clear road map, the Security Exchange commission will term that coin as security and they will be sued for creating a security instrument without following the rules and regulations of the organization, meme will remain meme in my opinion.

DOGE also has the advantage - and the disadvantage maybe also since it means the meme lacks "depth" of "cultural significance", "literary/media allusion" etc - of maybe being kind of out of the blue made-up, unlike memes along the lines of Gold Pressed Latinum, Melange (SPICE), United Federation Credits, Klingon Empire Darsek and so on, which have more potentially than the SEC to worry about...

-MarkM-