DOGE was conceived as a meme currency, but after 11 years of existence, the token is often used to pay for purchases. This is the conclusion reached by experts from Bloomberg.
According to the publication, the average commission on the network is <$0.01, which is almost 80 times cheaper than in the BTC blockchain, and a Dogecoin transaction requires less than a minute. Usually, such cross-border money transfers by classical methods have a commission of about 7%.
DOGE also has a rather large fan club of celebrities, which includes Elon Musk, Mark Cuban and Snoop Dogg. The fact that the token is not just a joke asset is evidenced, for example, by the initiative of the Dallas Mavericks team to introduce payment for tickets and goods in Dogecoin.
The cryptocurrency is also accepted in Williamsburg Pizza, whose co-owner pointed out the "virality" of the token. In the BitPay app, Dogecoin managed to overtake XRP and USDC, taking 5th place, experts noted.
“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.
Memecoin doesn't mean it can't be used for transactions? Memecoin means it comes from meme origins, and doge comes from meme origins so it is a memecoin. Just because it can be used for transactions, just because it has small transaction fee, just because it has pace when moving it, doesn't mean it can be considered as nothing but a memecoin.
You may consider memecoin as a bad thing to say to a project, which most of us do say it as a bad thing because all memecoins (including doge) are shitcoins, but memecoin isn't actually a thing to diminish the value, it means what the origin of the project is about. Doge comes from meme origins as I said, and because of this it will always be considered memecoin, probably the first one if I am not wrong.