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Dogecoin is the second cryptocurrency based on POW, it does not seem to be the most destined to disappear
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it's no secret that elon supports doge, a few years ago elon was very vocal in supporting dogecoin but because there was a ban on him always discussing doge on social media and was threatened with sanctions, therefore he no longer mentioned it directly, especially on his social media.
However, it seems like it will be an interesting thing again in the future after trump wins and the possibility of regulations changing back in the future to better support freedom and openness to the bitcoin or cryptocurrency industry.
He doesn't even need to mention it After endorsing Trump in July, Musk quickly embraced the idea of helming a “Department of Government Efficiency” (D.O.G.E.) aiming to cut $2 trillion or more from the federal budget, while Trump has touted Musk as the so-called “Secretary of Cost-Cutting.”
https://www.forbes.com/sites/dereksaul/2024/11/06/heres-what-elon-musk-may-do-in-a-trump-administration/ |
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Stop calling Dogecoin a useless token! It's a cryptocurrency with more usage than Bitcoin, which is just a store of value that will ultimately end up in the hands of governments, corporations and millionaires. Plus, its ridiculous decimal system makes it impractical as a currency. A cup of coffee = 0.000026841 BTC? Come on, this is a absurdcoin.
Dogecoin is the only crypto with the potential to become global currency on the internet.
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Maybe when Bitcoin's market cap is the same as Gold's, then there would be enough gains to push Doge to hundreds of billions in market cap. But I think $5 would be a peak, and with the dump it would end up stabilizing at $1 or $2.
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Why is it called a token? It is a cryptocurrency like bitcoin. In fact, since Bitcoin is set to become a reserve held by the powers, Dogecoin's features of low fees, inflation, and similarity of value of each unit with most fiat currencies position it to be the cryptocurrency of the people on the internet. There aren't many rivals.
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The dogecoin ETF will most likely be approved jointly with Litecoin and BCH, to give this the required seriousness
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I am offended that these memetokens created to make money whose users only seek to make money are compared with a true cryptocurrency like Dogecoin.
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how specification
Algorithm: Scrypt with AuxPoW
Target of maintaining approximately 100,000,000,000 DOGE in circulation after 1.5 years
(Block Schedule here: http://en.wikipedia.org/wiki/Dogecoin#Block_Schedule)
Block Time: 60 Seconds
Difficulty Retarget: Digishield
Premine: None
when you create an absurd supply of 100 billion to complete the joke, and then it becomes the perfect supply (1 coffee = 10 dogecoins) while Bitcoin sucks at making small payments. |
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Could an ETF for Dogecoin be approved this year 2024? There seem to be rumors that Litecoin and BCH could be next, as they are similar to Bitcoin and should be considered securities. Therefore, in terms of importance and similarity to Bitcoin, the next one should be Doge.
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Is DOGE Coin's Rise a Sign of the Future of Cryptocurrencies, or a Fleeting Internet Meme Phenomenon?
I think that could be the future for crypto, especially since there are rumors that Elon Musk will introduce a payment feature on X and I think Doge is one of the crypto payment features on the world and doge can return to their golden days, that's my personal view It is not about the whole crypto mate because we know about Memecoins has no realm value but yeah a Meme .so many of old timer does not consider this as cryptocurrency but since doge had been serving the market for many years now so yeah lets see what is this faith but that does not stand to the faith of the whole market. because there is a real use of crypto such as bitcoin compared to memecoins. Bitcoin real use, haha, good joke. Bitcoin is a useless currency with no real use, just like nobody uses gold coins anymore. In fact, it has officially become a value reserve based on global consensus to replace gold, and this reserve will end up in the hands of governments, corporations, and millionaires. On the other hand, Dogecoin is inflationary and currently holds the title as the most important currency because those above it in market capitalization are either value reserves or will become so, or they aren't decentralized. Since the rest of meme coins are neither inflationary nor decentralized but rather tokens, I don't see any currency currently that can compete with Dogecoin as the internet money. Expect it to be in X, and then the rest of internet companies will adopt it |
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He said this because someone asked if Tesla would accept Dogecoin, and he responded that eventually they would, I don't think we can deduce any type of planning or announcement from it. The only thing we can deduce is that he won't abandon Dogecoin after many people buy influenced by him.
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The fact that part of Bitcoin's liquidity has been directed to memecoins (when in the previous session these were last), would indicate that investors no longer have time or energy to read papers and investigate serious projects that they don't even understand, preferring to stay in established and recognized projects, and with part of the gains from each cycle betting on memecoins.
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top 20 in 2014: Bitcoin, Litecoin, XRP, Peercoin, Nxt, Omni, Dogecoin, Namecoin, Quark, Bitshares, Primecoin, Worldcoin, Megacoin, Infinitecoin, Feathercoin, Novacoin, Tickets, Devcoin, Ybcoin, Mooncoin You can look at the top 100. https://coinmarketcap.com/historical/20140126/It doesn't matter what good, serious, and promising projects they all were. After 10 years there are only those that have the support of a community, Bitcoin, XRP, Dogecoin, and Litecoin. |
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Because Sleep dreams that the tendency to suddenly become rich  This is not really normal because meme coin is more dangerous in this crypto market. They always collect money from investors by showing amazing attractive offers. In reality their project does not last long in the market because most of the team members of meme coin are new generation and they have less experience. They are coming to the market only to grab the investor capital completely. All the blames is on Elon Musk, Doge is just a meme coin when he shills it to the community, it creates a huge noise Dogecoin became the most talked about and the most hype of that period from then developers tried to imitate the success of Dogecoin, and they succeeded on some meme coins like Shiba Inu and Pepe coin, but I doubt these meme coins are created to last like all the top coins in the market. Right now many investors are losing their money only the creators and developers of these meme coins are making money, The time will come when people will get enough of these meme coins, hopefully, it will come sooner, We need more innovative coins, not Memes. NO. Dogecoin was already in the top before Elon. It was probably the second most popular currency until the arrival of Ethereum   Due to its success, imitators like Panda, Coinye West, Nyancoin, or Norriscoin emerged. Only Dogecoin survived because of its community and its potential as a real currency. With tokenization, it became easier to create unlimited altmemes, and with the huge liquidity of Bitcoin, they could be pumped. |
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Dogecoin Network Hits New Milestone With Record-Breaking New Addresses Dogecoin appears to be bustling with network activity despite keeping a low profile for most of last year. Data from the prominent on-chain intelligence platform Intotheblock shows that the OG meme coin saw a 1,100% increase in new addresses over the past week. January 29 marked a significant milestone with an unprecedented creation of 247,240 new DOGE addresses, signaling an all-time peak. The surge in network activity comes amidst a relative lull on the price side of things. Over the past day alone, DOGE was down by 3.28%, hovering below $0.08 at the time of writing. The tenth-largest crypto asset by market cap mostly defied the general recovery of the market to register monthly losses of nearly 13%. Last year, the emergence of DRC-20, which was inspired by Bitcoin’s BRC-20 standard, served as a major catalyst in network growth, ultimately causing a massive spike in Dogecoin’s transactions amidst a bear market. A few months later, the address count on the Dogecoin network crossed the 5 million market for the first time. While the subsequent network growth did not have any material impact on the meme coin, the latest milestone is expected to be different. For one, popular on-chain analyst Ali Martinez suggests that this sustained growth in network expansion could hold promising implications for the future trajectory of DOGE prices. https://cryptopotato.com/dogecoin-doge-network-hits-new-milestone-with-record-breaking-new-addresses/
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Dogecoin is the only coin since it has its own blockchain, the others are tokens
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I am surprised what people demand of a memecoin. If Dogecoin were worth a dollar, its capitalization would be the same as Ethereum.
Elon said that he would support Dogecoin, and so far he has kept his word.
The coin remains in the top ten, it is the second or third crypto most popular.
If we consider the usefulness as a currency in social networks, ease of entry, popularity, friendliness, or transaction fees, Dogecoin is currently the best positioned among 20,000 cryptocurrencies.
If Dogecoin is a pyramid scam then ALL crypto is a pyramid scam
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