Bitcoin Forum

Is it possible that in future doge coin Devs will finally add a utility to the project? I mean of Elon Musk really want to make something out of dogecoin lack of utility will draw it back I believe so is it too late to add utility to doge?

You can ask yourself, what's utility that we need right now that didn't been found among 10,000+ coins out there? If you can answer it, there's a chance the developer can add a utility to DOGE and it's possible even too late.

You can't rely on his tweets, there's no proof whether he want to create something new with Doge. There's a chance he only want to play with the market as many people panic buy or panic sell due to his tweets.

A meme coin with good use case sounds good but don't bet anything on that Musk guy because he isn't the dev, I have few newbies asking me about this too but I correct them that Elon Musk isn't the owner of doge coin, he used dogecoin to his own advantage which makes some happy and some sad but come to think of it, what use case that doge coin possess that other coins don't already have????. 🤷🤷🤷

What utility you are referring to?

I don't think dogecoin will receive any utility upgrade ever in future. The developer of Dogecoin has sold all his coins few years back and bought himself a brand new Honda car.  So the developer is not anymore interested in thia coin. Also I don't think he will ever be interested in this unless Elon bribes him with few millions. Which we all know, not gonna happen!

Dogecoin is purely running on speculation and the hype created by a single person. It's not going to last long!

Don't just focus on a tweet he did. The current market conditions made everyone drop. Doesn't Elon have the network to make new tweets to get Doge pumped? If you look at what happened in 2017 and 2018, it is almost the same as it is today. There will be times when crypto will return to zero, and people will leave it. This is what the crypto trend says. So we have to warn about this condition? There's no way Elon can hold trillions of dollars in coins.

I think that it's possible as it's not fully abandoned. It's not too late in the crypto. Some projects need a few years to add utility on their token. Doge has owned a very big community and that could become the key point why the utility will be acceptable by all of the doge supporters. Remember that doge was not placed on the top 100 but it's on top 10.
doge is only used as a micro payment system and that lacks of utility compared with another coin.

I recall Elon musk made a tweet asking followers if they want dogecoin to be accepted for purchasing tesla, I believe that most persons was positive about dogecoin servicing as a medium of exchange for Tesla. I'm personally convinced that Elon musk could make something out of dogecoin as it relates to the development and utility. It's only a matter of time and we'll see how it unfolds.

Elon Musk is a shill and you must never go with his tweet. There’s risk that you will lose huge amount of your investment. Anyone saying bitcoin is bad for the environment without having knowledge on how fiat is generated is nothing but a shit. Don't trust them, they want to use us to manipulate the market.

It’s a memecoin & literally nobody accepts it as a method of payment. Sure some people made a lot of money out of it but why has the price risen? Because Elon Musk enjoys trolling around with it. What happens when he gets bored & starts tweeting negatively about it. I’d avoid it because you’ll get rugged when you least expect it. 

I don’t believe in Elon’s bs, he’s only playing in crypto market and don’t take it too seriously when he tweets about Dogecoin. I will only believe him if he helps Bitcoin miners with ecologically efficient mining if he’s really want to contribute in crypto space, because if he keeps pushing the meme coin he’s only a bug joke to the crypto community.

I had also enough from Elon trolling so many new people. Doge is and will be meme coin. He sees the future of crypto but I think he is too busy to invest more time in it beside troll tweets.

For me,  I think it's too late for dogecoin devs or Elon musk to add utility to dogecoin, just like a user here already said, what kind what of utility would they want to add to dogecoin now that's don't already exist on other coins?, so the best thing is to not invest in dogecoin for long term as it's highly possible that one day, Elon is gonna shift he's attention to other coins and by then, dogecoin is likely to return to zero,but this is just a mere guess though, we never can tell what the future holds, but as for me, I will rather invest my money on coins with proven utility than gamble my hard earned money on dogecoin.

i think musk made fun of the entire crypto community by manipulating doge's price and deluding it into a payment currency (there are stablecoins for that).
his github code hasn't been changed since 2018 and I don't think even the creator of Doge knows what Musk has in mind.

It is possible. I'm not a fan of this coin but that's really possible since Elon seems to keep on tweeting about it. If the devs comeback and contributes again with its usage.
The chance is really high for it to become one of the most accepted coin but people like Elon should be the first one to show the world that his companies are willing to accept payments in Dogecoin.

Perhaps this year doge coin will be pamped several times :) Perhaps..
I already wrote about this that most likely Elon Musk and other market makers bought this coin in 2018-2020 at a very low price in order to raise its price in the future and sell all the coins to hamsters.
You overestimate the capabilities of this coin

It's completely possible that Doge to become the currency (and not just cryptocurrency) of the future.

It has utility for transactions.

Dogecoin is used very popularly on exchanges, casinos and merchants. Dogecoin has one of biggest communities in cryptocurrency. What do you need more?

Dogecoin Pay application. I don't want to install too many applications on my phone or computer. If Dogecoin Pay application will be released, I will not use it.

Make a swap and bring Dogecoin to DeFi.  ???

I know people love DeFi and Elon knows it. He will shill Dogecoin again and without any  technical developments for Dogecoin transactions.

don't get your hopes up about it, isn't that what he said when he was going to start with btc now he will announce with doge, even though the type of coin is different but the path will probably be the same, forget the fomo and buy good coins for the future, but if you are ready to lose then you can follow that.

Doubt that, this coin is mainly used for speculation, unlike eth that has other use case as well which makes it worth it for ETH to keep developing their feature.
If you see other coins that try to imitate doge also offering utility in their blockchain (i'm not talking about meme coin that's erc20 but the one that has their own blockchain)
which means adding utility to doge will just become a waste and it's not like elon that the doge community glorifies choose doge because of its utility and i think doge is
just fine at its current state, if it's not broken don't fix it I think. The community better grow doge adoption instead of needlessly adding utility.

There is no possible hopes for the dogecoin in the future. These meme coins has no real use and it only increase the value through hype alone making the tweet of this influential man on twitter which create a big speculation in some traders and investors to invest.

Nope, i think that wouldn't happen because doge coin is just a meme coin and the price is trully manipulated, it's getting high because of the hype. If elon really want to make something in cryptocurrency they must create his own coin rather than that. So i think doge will just a hype season coin

I don't think dogecoin can bring anything new to the table, what utility do you think it will have that will make it unique or not found in several coins on the market?, the crypto market is filled with thousands of coins offering almost the same utility nothing new, I'm not sure there's any utility left to add to dogecoin, there's nothing new in the market anymore, don't stress your self about those tweets, it's not certain that he really wants to make a utility for dogecoin.

Absolutely agree with you, I think dogecoin has risen because of the hype that created by Elon Musk.
Dogecoin itself will not be at this hype if Elon Musk did not tweet, this is my trully opinion. Also I dont think Dogecoin price will increase even more in the future.

I don't know if Elon Musk is really the core team of Dogecoin or just just the dogecoin hype. But if you ask about doge utility, I think doge will be much better if added utility, because if this coin is only used as pump and dump. then there will be a lot of people who manipulate, if Elon Musk takes over the doge and develops it well, maybe he will regain trust.

I would not go so far as to say this. Everything is possible in crypto and today doge price in reference to BTC already proves the impossible can happen and maybe there is even a future space for it. But agree for other memecoins they are merely alts of an alt and have no place in the longterm crypto market.

what the thing elon's doing only to shill doge coin, he is trying to attract new investors and especially learn about usecase. actually elon want to say to us, why this meme coin could rise alot meanwhile coins with several usecase still not moved yet. marketing was important to make investors aware, and elon teach us about it.

If Tesla accepts Doge as payment for the car, it could create another hype around the coin, as it did with BTC. But no one will use dogecoin as a payment, just as no one used bitcoin as a payment for a car at the time when such a payment method was available on the Tesla website.

Elon Musk is not the creator of the project nor he is being a part of the project as well, he simply speculating it and making money so he will jump to another coin when he knows that he got all the juice out of doge coin and its holders.

One question from me, why should Dogecoin? Isn't there any other coin worth adding utility to the project?
because I think Dogecoin is just a coin for fun for a while, not forever.

I did some research and I was surprised that DOGE was able to reach like up to 73 cents a coin. I mean I am not familiar with the workings of DOGE and how Elon Musk claims that he is in talks with the developers and trying to check with them to make the coin much much better but right now if you are going to ask me, DOGE is already showed itself to be a valuable coin and that as long as it is with the good graces of Elon Musk and his Tesla company, then there is a chance for this coin to go higher. With its current price going between 40 to 48 cents, you will be able to double your investment once it reaches a dollar. Hopefully it may reach a dollar since nothing has changed as far as the reputation of this coin is concerned. It is still a meme coin.

make what ? money ? the guy is already making tons of cash in dogecoin .
 why will he waste time for this but if he wants more than money or when he is sincer of adopting this coin to his company , he has a power to request for the devs to add a special utility for this coin but lack of utility isnt the only problem of dogecoin i believe .
 the appreciation for dogecoin will still be curcial if others issue for this coin wont be addresed

Umm, lot of negative comments but I think Elon and DOGE devs are up to something now. Considering they have plan for the SpaceX and Tesla payments to be made in DOGE. I’m not sure if that is not the best thing then I don’t what is ?
I mean that’s the utility of it. A smooth payment system with less fees and popular backing from the richest person.
Thought Elon is little nerdy and no one understands his moves but this time DOGE gonna get utility nature for sure.

The way this coin behaves is totally unpredictable. I don't see a reason to go after this coin as it is built on a fragile/brittle foundation. Whenever "he" tweets, this coin goes up and down. That is not something an investor can rely on.

it's never too late mate, as elon musk said about Doge is that this cryptocurrency is completely environmentally friendly,
of course this is what everyone needs, we don't need additional costs to mine it,
and reportedly Elon musk will also launch the Doge satellite whether this is a hoax or a fact, let's wait for the continuation of the tweet from elon musk

Perhaps but I don't think that will make much difference to change what dogecoin is already known for, but if Elon decide to accept dogecoin as a payment option for Tesla I guess that will make a lot difference, using it as transaction fee is a good utility and through that other big organisation make consider accepting dogecoin since Elon himself has shilled it.

a coin that relies on a billionaire can't be maintained for long, because it all goes back to elon and everyone is hoping too much for him and this is very bad to continue.
even if the utility is still the same the result will be the same because this is just a coin pump and relying on one person I think until when this will never succeed to do

That's up to the devs to consider, and come to think of it, this is very valid point you raise, now that doge is very popular I think it will be best if the devs can consider re-evaluating the tokenomics and create more utility for dogecoin instead of just being known as meme, it will just the price and make it more valuable.

You have to DYOR, quite a lot of people have invested in dogecoin cause of Elon, but that is wrong analysis, your analysis/decision on any coin must stem from your own research, not the tweets/talk/'expert advice' given by anyone, not even Musk, as successful as he is. The thing is investors select coins more on the grounds of hype than research, that's what happened with DeFi and some of the other pump and dump coins/projects, and many investors lost their funds to shit-projects.

Check on Elon Musk tweet . he said want to contact Doge Developer for talking about the feature doge coin . not sure about adding something or change something in doge but some people take that statement for another manipulation for doge market. some people are really looking into that statement seriously. 

I don't think this would be possible in anyway.

Elon musk in person is a business man that's just playing with the crypto market. At first we all liked him but he turned the other side that ain't good and he's doing everything to profit himself so don't think his hype will add utility to doge.

With the hype and everything from elon musk I don't think it can in any way give utility to the coin. He's just making tweets and adding support to it for his own good.
Now I'll give a hint of what I thin he's doing
Elon musk is not just influencing a coin without getting anything in return, e.g. we the bounty hunters, we influence projects in return to get paid. so I think it's the same thing he's doing but this time he's working with doge developers and another thing he does is to speak shit about a coin so people will panic and sell by then the price will be down and that's when he comes in to buy.

What Elon Musk can do to Dogecoin? He is even not a developer of Dogecoin. Don't trust him so much, he may tweet 'not supporting Dogecoin anymore' someday. Dogecoin is a meme coin, you shouldn't expect too much on this coin. Especially with an unlimited supply of Dogecoin, this coin won't be a proper option to choose for the long run. In my opinion, it will be always a lack of utility.

There's a possibility that he will move to another coin and leave Dogecoin and those Dogecoin bag holders should prepare for this scenario, the guy is getting a lot of negative feedback, if he wants to stay on he will have to support coins with good value that is far better than Dogecoin or he will become another McAfee at least predicted Bitcoin will worth 1 million dollars while he creates a FUD on it.

Elon Musk is indeed a person who cannot be trusted, even he is willing to manipulate the market to be able to generate profit for himself.
I agree we should be prepared for the worst case scenario that will happen to Dogecoin, it is very possible that Elon Musk will just leave
Dogecoin and move on to other coins. If we see the negative feedback that Elon Musk gets, it is very possible that he will become the next McAfee.
The most important thing is that we don't be affected anymore by everything Elon Musk said, and also for Dogecoin holders to be more careful,
my advice is to sell our Dogecoin if it is already profitable. Because there is a potential price dump for Dogecoin, if it was abandoned by Elon Musk.

I don't believe any regarding information from Elon musk tweet/ personal explain . He is the main culprit in cryptocurrencies market. His sparked tweet crashing the market. I don't invest following Elon musk announcement.

I personally also don't believe it, this is a business, and of course Ellon will only seek personal profit by giving statements and can hypnotize many people, so they obey what he wants, and after that he takes advantage of his actions. therefore we must be careful not to fall into his trap

Elon Musk is playing a game with his followers that only they can understand. Therefore, when Musk appears in a T-shirt with a Doge print, subscribers perceive it as a signal to buy a coin. And this applies not only to the Dogecoin. On May 18, Elon Musk published a photo with the Starbase index and his subscribers immediately began to buy the coin, which has the same name, which led to an instant increase in the price by 4000%.

elon's tweet looks like still waited by crypto community to drive price. every thing he said that rellated with cryptocurrency will be speculation for them. maybe elon musk be the next "mc afee" wit h stronger power to shake crypto market. personally this action adviced to unfollowe, we need more organic growth from market.

Yes you are right Elon musk is not the dev, so I think we should not trust Elon Musk. He only want his Profit by Using his tweet's power. He will never use doge as payment source in Tesla. He is only playing with people by tweets.

I think it's never too late, because Dogecoin is a long-term coin. Dev will certainly do his best. I don't think it's easy for someone to spend money to pump this kind of coin. Elon Musk did exactly that for Dogecoin. It would be a shame if Dev wasted this opportunity.