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https://talkimg.com/images/2024/10/03/i3Qzm.jpeg
"It’s is no joke": Dogecoin is no longer just a memecoin (https://t.me/bestchange/2063)

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.

For more details read here (https://t.me/bestchange/2063).

People supposed not compare doge with bitcoin. It is not only about the fee and how fast the transaction is. What if someone bought doge in 2021 when it got to $0.72? The price is less than $0.11 presently.

I see doge among the old coins that have been dumped for new coins that were created. People thought if bitcoin can get to all-time high next, that doge will surpass $0.7 but it is 7 times lower than the price now.

Do not be surprised if a coin like doge will disappoint more in the next bull run and after. The coin has been dumped just like other old coins. You will notice that if you take a closer look at the market.

I think dogecoin is like Tron trx currently because there's nothing much happening in the project no development or something else except for the use of payment purpose and it's cheaper, of course Doge is one of the oldest coin out there and lot of projects that was created same time has long gone, example, EOS and few other coin. I think investor are all done with such project and their interest now on another pump dump projects.

Because doge is associated with Elon, many still hold on to this coin and are optimistic that they will be able to gain from this. Elon is not the creator nor the owner but the association of his name is enough to keep this memecoin afloat. He also allows doge to be used in any transaction in his company, no? Those who can afford to buy tesla can use this memecoin and I am sure due to its cheap prices, many can be interested. If Elon decides that doge can be used for X or formerly Twitter, then it can still grow even just a little.

We can expect nothing meaningful to be happening to the development of doge even decades into the future because I think people just like it the way it is, even without smart contract capability it's already good enough.

on the other hand, the fact that doge is frequently used as a payment method in platform like bitpay hugely because adoption of doge coin as a payment has been there for a long time already.
it's cheap and quite low in volatility compared to other alts because decentralized holders and huge market cap which means another layer of difficulty for any manipulator to manipulate the market and make the asset volatile.

overall, it's still a meme coin, and the capability of being used as a payment I think is not something that's new, any coin, including memes, already have built-in capability to be used as a payment, it just depends on the parties involved in the transaction whether they accept it or not.

That is what every meme coin claims. They all say that they are not just a meme coin and that they are more than a meme coin. But in the end, they are all the same. A meme coin that eventually has no further development and no  real use cases. Doge coin might have low fees and fast transaction speed. But when everyone will start using it, I am pretty much sure the fees will go up and it will take hours for network to confirm transactions due to network congestion. And doge having those "fan club of celebrities" is another big issue. They can manipulate their followers to invest in something and then dump the profits on them.

"Experts" LOL
You can purchase stuff using those tokens they give you at an amusement park but that doesn't make them any more than just being a meme.

A normal bitcoin transaction costs about $0.07.
Doge price is $0.10 while bitcoin is $60000.
'nough said.

Wrong.
Confirmation is a concept not just an arbitrary number. We call a transaction "confirmed" when it becomes irreversible. 1 confirmation on bitcoin blockchain has more security that majority of altcoins combined. Whereas 1 confirmation on Doge network has no security whatsoever. This is why exchanges require such high number of confirmation for weak networks such as Doge.

I can't believe "not-a-joke" and "Snoop Dog" were used in the same sentence :D
These names are jokes themselves lol

Yeah, I've seen the debates about what would be used on X, but I don't think DOGE will be used, mainly because Elon, for the most part, tries not to talk about the project again to not to be associated with it, as far as I know ;D

Surely Doge is memecoin and it is the best memecoin. We all have seen how Doge was pumping after news of Elon. Mostly this hype made It's happen. The price already on up to the sky. It will last as memecoin it has no doubt. Though the memecoin has not much concern on crypto and most of the coin which are on the market as memecoin will lost scam. So it's better to avoid for investment.

What happened is that the holders of this coin are optimistic that something gonna happen since he has openly promoted this coin and he is a fan of it. Lot of people believe that during next bill run it would hit $1 but I don't see this coming so soon and even the previous ATH doesn't effects on dogecoin. However, dogecoin team has the will power to decide what dogecoin would be used for than Elon and he just an investor.

Ok, so because it has the support of various influencers or big figures in the world and is accepted as a payment method, does that make Dogecoin (DOGE) no longer a memecoin?

I think the memecoin indicator can't be separated from Dogecoin (DOGE) considering how this coin was created & what it was created for, going back to the history lesson, Dogecoin (DOGE) was created by Billy Markus to mock Bitcoin (BTC) at that time, with no utility and no vision. So, whatever Dogecoin (DOGE) is today, it doesn't rule out the fact that $DOGE is a memecoin.

I kinda like dogecoin because of its low cost transaction fee and the fact that it's just a popular coin that is promoting it self, it is not like some of this current pump and dump meme coins, at least dogecoin have a lot of investors and if we notice, we would see that almost every exchange is listing or have listed dogecoin on their own.

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 might have more potentially than the SEC to worry about...

-MarkM-

Doge is at least a very different class of memecoin than the meme tokens like Shiba Inu or Pepe living on other blockchains.

Having an own, working blockchain is a significant asset and advantage, as it can work as a platform for other apps. With Doginals, Doge has already made some steps in that direction, although Doginals is a quite bad protocol. There are also quite good synergies with Litecoin through the merged mining.

That's why I don't understand why development of Doge is so slow. Doge had of course some updates even in recent times, as everybody can see in its Github repository (https://github.com/dogecoin/dogecoin). But it is still based on Bitcoin 0.6 or 0.7, has not seen neither Segwit nor Taproot, and thus is technologically quite outdated. Heck, they're currently discussing about implementing CSV (https://github.com/dogecoin/dogecoin/discussions/3509), which in Bitcoin was added more than 8 years ago ...

If they could at least rebase Doge to Bitcoin 0.20 or so, then I think the coin would be take much more seriously. With Segwit and Taproot also they could adopt all the new fancy Bitcoin technologies, from a modern token protocol like Taproot Assets or RGB to things like BitVM or Discreet Log Contracts ... A lot of much smaller altcoins like PPC have already adopted these technologies, so it is not easy to understand why Doge is still stagnant ...

It's the best L1 meme coin so far with the most adoption.

Unlike other memes that exists just for speculation, doge actually have use, moreover the shillers aren't some ordinary CT but billionaires, we all know dogecoin will be here in the market for a long time when it got this much support.

the other meme coin on the other hand, despite gaining massive growth, is no guarantee that they gonna persists for as long as doge, majority of them are just speculative asset, recent I find some of the lowest market cap memes losing its market cap, while doge still stand strong, if not for the turmoil of the geopolitics, BTC and Doge probably have reached another height of ATH.

Users also have a special taste for Doge Coin and although Doge will still be labeled as a meme coin, in my opinion, Doge is actually better and worth investing in compared to other meme coins, most of which end up as trash and harm buyers.

Actually, Dogecoin is still a memecoin. It becomes valuable because many people/newbies right now that become FOMO in these memecoins. After all, it is all a hype! Since they just want only to ride in a train and some of them, don't do other researchers. I have a friend who just want to buy altcoins because of the news / hype he saw in telegram.

I agree that Dogecoin's association with Elon Musk has been a significant factor in its continued popularity. However, I believe that its recent price decline and the lack of substantial development within the project suggest that it may be struggling to maintain its relevance.

While its low transaction fees and ease of use are certainly attractive, it's important to consider the long-term potential of a coin. If Dogecoin fails to evolve and offer unique value propositions, it may face challenges in future bull runs.

Yes Dogecoin popularity grew due to Elon Musk but its falling price and lack of new ideas raise concerns. Its low fees and ease of use are good but this is not enough. Dogecoin needs to improve and offer unique benefits to stay relevant. If not it will fall behind other cryptocurrencies. And it should reduce their supply because they have huge supply they must make a burning plan. Elon Musk support can only help so much. Dogecoin must focus on innovation and growth to succeed.

Sometimes a very quick look at the price history of an altcoin gives you a lot of valuable information. For example here is the Dogecoin history:
https://www.talkimg.com/images/2024/10/05/iV1f2.png (https://www.talkimg.com/images/2024/10/05/iV1f2.png)

Do you see how it's dumping? That is a classic memcoin.

Now if we zoom in we can understand the reason why for the recent claims of it not being useless memcoin.
https://www.talkimg.com/images/2024/10/05/iVL8c.png (https://www.talkimg.com/images/2024/10/05/iVL8c.png)

Do you see that little pump there? That is a classic memcoin and a hype trend in the media trying to match the pump help it get pumped a little bit more. Although because Doge is a useless memcoin it can not be pumped any more than this. Specially considering how massive its circulating supply is (146 billion).

Next to the new coin, that's how the crypto investor in the crypto space visualizes all the projects in the market, except Bitcoin. That's the reason why, when some potential coins are recently launched in the market, you see many investors rushing into the new coins for quick gains, abandoning or forgetting about the old coins that have no more marketing strategy and project development, while new coins that have good marketing and project development, investors are investing in them.

For old coins that couldn't keep up with their project development and marketing, you see them disappearing from the market. That's why you get to see old coins becoming less popular in the market to attract big investors to invest in their projects. For Doge, it's already an old coin, and its fate lies on Elon Musk to tweet about her.

Dogecoin's community sure is a vast and known globally. It's no longer just a memecoin but a movement where it has borned a lot of new memecoins thanks to it. While I think these celebrities are just making fun of it, they probably didn't expect the warm welcome of the meme community or the current community that has been founded through Dogecoin all over these years.

Even the founder of it, can't believed that. Since they've made it as a joke and this joke and memecoin have made a lot of rounds and contribution in the market and to the community.

They will really be trying out to rush in as early as they could because if we do really think up sensibly then those who do enter on early phase will really be able to maximize profits and could possibly become rich on the time or moment that it will be making up some moon shot. People or investors will really be keeping up on being active on joining into presales or start up specially if the project is really that something that has a good utility or having that uniqueness then it will really be able to make up some noise and it will really be building up the hype and interest on which this causes up for a certain project to get such huge support.
Due to this kind of behavior then this is being used by those scammers that we do have on this market, they are really that taking advantage of that desperation for their own benefit.

Going back into the topic on which explains about DOGE is already that not become a memecoin then its a normal thing because when we do speak about a joke or meme coin then it is really just that a token
which is really that made out for fun and not talks about having some usage or utility, but on the time or moment that it had become that a project which does have its utility then this is where it will really be separated and would really be that become from meme token into a utility token on which this do signifies that it does really that that progress and development. Community support will vary on this aspect.

A hype trend that is deliberately made to throw away some payloads with greater profits.

Some of the dumpings were carried out when DOGE's main fan, Elon Musk, talked about DOGE and the price would be affected,
so many people took advantage of the moment to sell their holdings.

But DOGE is still the best memecoin out of many memecoins that have emerged today that have just been left behind.
Even memecoins with utility would be worthless without having a strong community, DOGE has survived to this day due to its strong community as well as the support of several people and big celebrities in my opinion.

I had to go use the internet to confirm that doge is truly upto 11 years of existence. I was surprised to confirm this to be true. I wasn't aware this while that doge is among the early cryptocurrencies that were created. I had to be aware of it when Elon Musk started hyping it on the then twitter now known as X. This should be a confirmation that it is no longer a meme coin, since it now has some use cases. I also do not think that it is over for dogecoin because Elon could wake tomorrow and start posting the image of dog in his X and you know what that will mean to the dogecoin. I am not sure that doge is disappearing any moment, it is now part of the industry.

It's not Dogecoin's community that is vast and known globally but it was Dogecoin itself. Pretty sure we have less interest if who are the people involved on its community but we know that they still have some importance because they can buy Doge and help push its price upwards. Even though Dogecoin have already gone a long way, I will say that it was still a meme coin and this will never be changed because this is where it's originally programmed. The more that it was not a movement.

A movement is a completely different thing and usually can be found or related to politics or government. Why be thankful when there are now lots of meme coins when meme coins are in fact like a cancer in the crypto world? Maybe you guys can say that it still have some contributions but I think old cryptos are going to be much stronger if without them.

Doge will be fine, once the crypto market gets moving ypu will see it move again.  There are plenty of people with bags from 2021 to keep it relevent.  It's the OG meemcoin and will leave all those fringe projects and come back buying doge once things get moving.  People are using these weird meemcoins hoping to get a stack to move in on bigger coins.  Greed kills stacks but it is what it is.  Doge is almost too big to fail at this point.

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.

Though, it does not matter how much the Dogecoin community and liquidity continue to grow, Dogecoin was born as a memecoin and will continue to be a memecoin for the simple reason most of the people who provided to it's initial liquidity did so for the sake of the meme, it was not conceived as a serious form of international and decentralized system for people to carry payments out. Even to this day, much of the price of Dogecoin depends on the Fomo or fud the Dogecoin community is feeling for the future of their coin, not even mentioning the supply of the coin is infinite and inflationary in nature, in the long term.

Those so-called experts are right to point out the merits of Dogecoin to have become a reliable form to send money around the world and accepted by all major exchanges on the internet, but it continues to be a memecoin, the most successful of all of them, though. There is nothing wrong with being a memecoin as long as people who invest are aware of the risks and the limited use cases of memecoins have, specially in their first years of existence.

I completely agree. As far as memcoins go, Dogecoin is always on top without a doubt. The fact that it has been able to survive this long and not die (still has trading volume, blocks being mined, people send transactions, has a community, etc.) is an indication of that. But it is still a memcoin unlike what was claimed in OP.

Perhaps the number #1 memecoin, but still a memecoin. I do agree, however, that a fraction of the noisy crowd uses it for actual transactions, when Bitcoin is high, or when they want to tip somebody.

It's a free market. All coins are welcomed to join and compete. It's just sad how, beyond Bitcoin, there's the sign that creating more currencies is clearly for speculation purposes only.

Until now, no one doubts DOGE as the King of memecoins.
With a total Marketcap volume of $16,278,343,421 which is the top memecoin in the top 10 of CMC and cannot even be crossed by other memecoins.

And there are rumors that are still being discussed for years about DOGE that Vitalik suggests moving from POW to POS, in order to make DOGE more efficient in terms of energy use so that there is no need to mine using hardware and also solve scalability problems, such as in Bitcoin.

But if DOGE has to move to POS, then DOGE is not a decentralized coin anymore, even the community does not agree with this move and until now it has not been realized and continues to use POW.

https://www.talkimg.com/images/2024/10/06/iof3m.png

https://cointelegraph.com/learn/dogecoin-transition-from-pow-to-pos

It could be an alternative to pay someone or tip with a cheaper fee when the bitcoin fee is going up.
I remember a few years ago when the bitcoin price spike happened and the fees started to increase, I started converting my Bitcoin to DOGE for me to move to another market and yes it provides cheaper fees during emergencies.

While that's right but it won't be as popular and known globally if it's not for its community that supports it.

It's still a meme coin and I think that the expounding of it that it's no longer a memecoin really varies to who is having the opinion. There's no wrong opinion for this matter whether someone says that it's already a big movement or a memecoin or whatnot, we can define it however we want to.

While it seems that you're putting things into literally, it's also a movement when it's about its community. I am not thankful with the spread of many memecoins because of it. Well, you're entitled for your opinion and I wouldn't argue with that but agree that if many of those new coins are gone, the market is much better and it will impact more not just dogecoin but most likely BTC which I like more to happen.

yes sometimes I also use this Dogecoin on several gambling platforms that already support this memecoin, and it can be said that Doge has a utility and who doesn't know about Doge coin in this world, or crypto fans, they will immediately know what doge coin is, because at the beginning of its rise it made a lot of new rich people, lol
Know sir, this world will not be far from less and more, everything must have a cause and effect why they created this dogecoin and why elonmusk supports this meme coin, there is always a shrimp behind the stone that no one knows about, except for the insiders.

One of Dogecoin strength is its network hashrate and blockchain security. 6 confirmations of Bitcoin blockchain equal to 1,243 confirmations of Dogecoin blockchain and it is 25x slower if you use Dogecoin blockchain for transactions.

The Howmanyconfs.com site (https://howmanyconfs.com/) shows Dogecoin is a third best Proof of Work cryptocurrency, only after Bitcoin and Litecoin. Litecoin with 395 confirmations and 18x slower is the second best PoW cryptocurrency.

One more interesting thing of Dogecoin, can be found in The two types of Altcoins, an investor's view (https://woobull.com/the-two-types-of-altcoins-an-investors-view/) article.

Dogecoin is an Oscillator altcoin, and the following chart shows this.

Never thought about something like that regarding DOGE and Litecoin as well, I will definitely give this article a read in the near future, thank you very much for sharing it!

Thanks for sharing! It's fascinating to see DOGE shift from meme to mainstream with its low fees and growing real-world use. Given its simplicity and increasing adoption, could we be seeing the start of Dogecoin becoming a serious player in the payments space?