Crypto, which was launched based on a viral meme in 2013 from a Shiba Inu dog, is still one of the digital coins of choice for investors, even though Dogecoin itself already has competitors.

However, some people considered that digital coins that were formed as a counter and a joke to show bitcoin at that time were considered not very good for the survival of a healthy crypto market.

This was echoed by the CEO of fintech firm Ripple, Brad Garlinghouse, in which he warned investors tracking Dogecoin.


"Actually I'm not sure and I also find it a bit controversial that Dogecoin is good for the crypto market," Garlinghouse said in a panel discussion moderated by CNBC at one of the Fintech events in Abu Dhabi that aired last Tuesday (11/23/2021).



Garlinghouse considers that dogecoin is often 'pumped' by several parties including Elon Musk, so the upward momentum is not a natural and healthy thing.

"It was built as a joke, then it got momentum from some famous people like Elon Musk," Garlinghouse said, quoted by CNBC International.

"Dogecoin has some inflationary dynamics that I'm reluctant to hold on to," he added.

Dogecoin, the cryptocurrency based on the viral internet meme of the Shiba Inu dog in 2013, now has a market cap of US$29 billion.

In terms of supply, Dogecoin has no supply limit aka infinity. Unlike bitcoin which has a limited supply, so the competition to get it can be healthier.

This makes Dogecoin look different from other cryptocurrencies, which of course have limited supply.

Garlinghouse, who is also closely associated with digital asset XRP, said that rising inflation has accelerated investor interest in cryptocurrencies and made bitcoin an inflation hedge.

"When people worry about holding fiat currency that might increase and it's likely to devalue, they see: 'How can I hold another asset that won't have the same inflation dynamics?'."

Bitcoin briefly hit a new all-time high of nearly $69,000 per coin in early November.

Even though bitcoin is currently trading below the $60,000 level, its annual rate of return has outpaced the returns of other hedged assets against inflation, such as gold, which is seen as a hedge against purchasing power as long as inflation remains high.

"Obviously unlike dogecoin, bitcoin has a lot more momentum," Garlinghouse said.

"I think if you look back and look far ahead ... this is real technology that is fundamentally reworking the way our financial infrastructure works and I'm very optimistic about bitcoin in the long term," Garlinghouse added.

Binance CEO Changpeng Zhao is engaged in a war of words on Twitter with Tesla CEO Elon Musk. The root of the problem is Dogecoin cryptocurrency.

In a tweet, Elon Musk questioned Binance's policy of limiting funds from Dogecoin which users complained about.

"Hey @cz_binance (Changpeng Zhao's twitter account) what happened to your Doge customers? Sounds unfair," Elon Musk quipped through his personal Twitter account quoted Wednesday (24/11/2021).


Changpeng Zhao then responded by saying it was rebuilding the dogecoin wallet completely, resulting in a delay that could continue for another week. He also mocked Elon Musk by linking a news link about the recall of 12,000 Tesla cars in the US due to a software error.


For this reply, Changpeng Zhao admitted that he did not mean to be presumptuous on Twitter but did not seem to accept Elon Musk's actions to cheat in terms of withdrawing funds in Dogecoin.

"I am not by nature aggressive, not submissive or cowardly when it comes to defending our business. I view but defending Binance as my job and the crypto industry as my life's mission. When he says something about that, which is also not true, he lacks research," said Changpeng Zhao as quoted from Yahoo Finance.

Binance temporarily suspended Dogecoin Withdrawal on November 11 due to an error during network repair. Binance, one of the largest cryptocurrency exchanges by trading volume, has come under regulatory scrutiny.

Izinkan saya sedikit bercerita...

Pada jaman dahulu kala ada KOIN micin yg bernama DOGE.

Bahkan saking tidak berharganya DOGE pada waktu itu, konon katanya kita bisa mendapatkan RATUSAN sampe RIBUAN DOGE dalam sekali MINING DOGE.

Seiring berjalanya waktu,
Ternyata DOGE berubah menjadi RAKSASA dan berhasil menjadi koin peringkat NOMOR 7 terbaik dalam peringkat CRYPTO saat itu
.
Kesuksesan DOGE membuat banyak DEVELOPER ingin mengikuti jejak DOGE ikut2an bikin koin micin.

Akhirnya ada koin Micin yg hampir bisa mencapai kesuksesan DOGE yaitu token SHIBA INU beberapa saat kemarin.

Token SHIBA tersebut sempat berhasil menduduki peringkat 43 terbaik.

Di Indonesia sendiri koin micin mulai BOOMING pada bulan APRIL ketika token VANCAT dirilis.
VANCAT ini sangat populer di Indonesia pada waktu itu, bahkan TOKOCRYPTO pernah membuat artikel khusus untuk VANCAT.

Artikel tersebut sukses membuat harga VANCAT melambung tinggi.

Di saat yg bersamaan ada KOIN MICIN yg populer di AMERIKA namanya SAFEMOON.
Persaingan antara VANCAT dan SAFEMOON hasilnya bisa ditebak..
SAFEMOON melambung lebih tinggi daripada VANCAT.

Mungkin karena karakter orang Indonesia yg cepet2 menjual koinya daripada orang AMERIKA, dan orang AMERIKA duitnya mungkin lebih banyak daripada orang INDONESIA. ?? Silahkan jawab dalam hati !!

Kembali lagi saya membahas DOGE....
Di saat menjamurnya RIBUAN coin micin, mungkinkah ada yg bisa meniru kesuksesan DOGE dan SHIBA???

Kemungkinan itu selalu ada, tapi koin apakah yg menjadi penerusnya?? Tidak ada yg tahu.

Yang pasti saya sudah HOLD beberapa koin micin.. Siapa tahu aja,  salah satu koin micin saya akan mengikuti jejak DOGE ataupun SHIBA.

DOGE sendiri lahir pada tanggal 08 Desember 2013.
Butuh waktu hampir 8 tahun yg membuat menjadi RAKSASA seperti sekarang...

Sekian....!!!!

Selamat pagi/siang semuanya...
Saya pemula ingin menanyakan mengenai masalah whrong url twitter.. Apakah bisa di ubah sementara thread sdh di lock?

Itu saja , semoga ada respon positif dan arahan dari para suhu disini...
Semoga riskinya semakin berlimpah


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