The point of Dogecoin.

[bluebit25]

OP should be wondering what do we need from such coins, after many years of being in this market I feel it doesn't deserve such a high rating. But anyway, nothing is impossible for a market that is still very new to many people, I personally always believe that Doge coin will soon fall to 0.0..

Agreed, no one need the coin with virtually infinite supply due to the lack of halving in its PoW algo. Apart from that, Dogecoin is crypto that can be easily manipulated by mere scattering of  people like Musk and such, as around 40% of all circulated  coins belongs to ten addresses. Dogecoin was and is a ridiculous joke.

We all realize that and newbies are always trying to find ways to make excuses for every problem, that's okay! Because time will have the best answer to its problem.
Personally, I have also received quite a bit of profit from fomo following this coin, but everything should stop, at the right time and accept everything.

[pinoycash]

I don't know what to say because I realize that there are still a lot of people who have great faith in Doge coin, although not denying its growth over time, but what we see from it is hype pure and soon the doge coin bubble will burst. But it's still happier to profit from it wisely anyway, and my experience with Doge coin is gratifying.

Almost all cryptocurrency that dont have a real use case will only rely in HYPE to increase its price. DOGE is just lucky to have Elon Musk supporting its growth and helping it pump.

[Mistafreeze]

Of course
if Elon daily posts good tw about it, I think it's the easiest field to drive growth from doge coin.
Maybe we shouldn't expect too much from it, i think the coin meme trend has lost its appeal.

Despite the large number of published tweets by Elon Musk about Doge, they do not have the same power as they had before. An increase in the price by 10-15 percent can not be compared with the spring pumps, when the price of the coin increased by 200-300% in one day.

He does not have the real power to move the market in a huge way, only just few percents increase which is not substantial enough to change the market outlook entirely. I believe his power to influence the market is becoming reduced and most tweet hunters are still highly interested in his tweets maybe a sure means for them to make few dollars from the small move which can be sometimes profitable if one is smarter enough.

I don't really think those small moves in the price of Doge can give a good profit to traders who are not in the market to gamble. Alot of gambling traders might still find his tweets interesting since they're just their to trade the spikes or maybe just scalp the market.

[rozak]

I don't know what to say because I realize that there are still a lot of people who have great faith in Doge coin, although not denying its growth over time, but what we see from it is hype pure and soon the doge coin bubble will burst. But it's still happier to profit from it wisely anyway, and my experience with Doge coin is gratifying.

Almost all cryptocurrency that dont have a real use case will only rely in HYPE to increase its price. DOGE is just lucky to have Elon Musk supporting its growth and helping it pump.

but what dogecoin is considering and maybe Elon is also paying attention to the market and community that supports dogecoin. Elon came when Dogecoin actually had all that well.
and luckily when Elon comes the hype momentum can be created well. maybe it can happen with other projects too. but I think Elon is currently not trusted by many followers.

[pantek talacuik]

I don't know what to say because I realize that there are still a lot of people who have great faith in Doge coin, although not denying its growth over time, but what we see from it is hype pure and soon the doge coin bubble will burst. But it's still happier to profit from it wisely anyway, and my experience with Doge coin is gratifying.

I also produced something satisfactory from Doge in the past few months but I advise not to go big with a comeback because there is no certainty that guarantees Doge will explode again at a price that surprises many people. But if you believe in all that then do it.

[killerfrost]

Of course
if Elon daily posts good tw about it, I think it's the easiest field to drive growth from doge coin.
Maybe we shouldn't expect too much from it, i think the coin meme trend has lost its appeal.

Perhaps Elon's influence has cooled down, as his recent twitter lines have not brought much great things to doge coin.
I am also a non-supporter of this coin, if only thinking about profit and creating a negative then I think it deserves to be cursed.

Yes, certainly
the influence of Elon has no longer received the response of everyone. And it seems that more and more people are boycotting Elon and Doge coin, I also think doge coin will soon fall to the numbers it should be.

[someone703]

The current trend of the market looks like there is an exodus for coin memes. I see a lot of meme projects popping up, and they often think they will become doge coins, but admittedly doge coin has lost its appeal.

[mindrust]

Is there really any points of dogecoin other than to meme it and use it as a pump and dump?

You are probably not aware of it but people actually do use doge for many stuff. It is cheap to transact with. Usually exchanges have low withdrawal fees for doge (or they used to, I haven't used it for a while) which makes it a good currency to carry between the exchanges or to gamble with on the online crypto casinos.

[FanEagle]

Is there really any points of dogecoin other than to meme it and use it as a pump and dump?

Anyone that has the audacity to compare ETH and Cake and Uni with Doge is kidding themselves and are people who are ignorant to what is going on in the crypto world. All the other big names that have no cap are the coins that people can use for something, it is not the same as the current situation in dogecoin which went up a ton this year and only because some rich person tweeted about it and others jumped on it and that's it, nothing more to it.

I personally believe that we should focus on something that would be the difference and the difference is you can use ETH for many stuff, people keep spending ETH all the time for transactions on thousands of different projects whereas doge is only used for shits and giggles and nothing more. This is why having no cap is never the same, will never be the same and result will be horrible for doge in the long run for sure.

[tvplus006]

I don't know what to say because I realize that there are still a lot of people who have great faith in Doge coin, although not denying its growth over time, but what we see from it is hype pure and soon the doge coin bubble will burst. But it's still happier to profit from it wisely anyway, and my experience with Doge coin is gratifying.

There are a lot of coins like Doge on the crypto market. And each of these coins pumps by hundreds of percent. The close attention to the Doge is explained by the increased attention to him of Elon Musk, who has tens of millions of subscribers on social networks who blindly believe that he will help them earn a big profit.

[husdemba]

Doge is the weak link in the cryptocurrency world. It and it's manipulative moves reduce people's trust in cryptocurrencies. I think Doge is completely baseless and fraudulent. Everyone invests knowing this, and they shouldn't be upset by big losses..

[daenarys_stormborn]

dogecoin has no point, dogecoin is just a meme coin that has no utility and even I'm sure, the creators of dogecoin didn't expect the price of dogecoin to be this high, dogecoin rose only because of temporary hype

[onecall123]

I don't know what to say because I realize that there are still a lot of people who have great faith in Doge coin, although not denying its growth over time, but what we see from it is hype pure and soon the doge coin bubble will burst. But it's still happier to profit from it wisely anyway, and my experience with Doge coin is gratifying.

Almost all cryptocurrency that dont have a real use case will only rely in HYPE to increase its price. DOGE is just lucky to have Elon Musk supporting its growth and helping it pump.

Yeah I’m thinking how meme coin pump so hard then people drive down the price with their panic selling just because of Elon tweets. I haven't looked at mine in weeks. I must say those Doge Holders are lucky who manage to sell at peak price. The truth about Doge there no point and utility but Doge has great community who still worship it and HODL for better days.

[SirLancelot]

There is zero point to dogecoin and there are still tons of people who invest into it just because there is a community. That community is the reason why dogecoin got this much attention, there were tens of thousands of new people that joined dogecoin not because it had a point but because Elon Musk tweeted and they became a family under its umbrella.

Almost all other big coins were already covered and they were already invested, but dogecoin was basically left to die, these people took it and made it high priced and at one point 4th biggest coin, which gave them some sort of accomplishment feeling and they stuck together after that, they took the loss together as well. That community picked dogecoin because they felt that it was abandoned and they could pick it up as their own without caring about anyone else, you can't do that with most other coins.

[Sayeds56]

Dogecoin is 100% a pump and dump coin and always has been.  First off, Proof of Stake is NOT a better option than Proof of Work.  Proof of Stake clearly benefits those holding the largest bag which of course add a layer of centralization which is exactly what cryptocurrency is trying to avoid.  Dogecoin doesn't have a real /legit team behind it like other coins do such a bitcoin, ethereum, monero etc.  It's worth owning to try and profit off of, other than that..shitcoin to the max!

True. It has no use case but its network is fast and transactions are executed with minimal fee.  Ethereum 2.0 will also switch from Proof of work to Proof of stake that means it will also benefit Big investors, I think what matters is the use case which is very strong in Ethereum's  case as almost every other Project including DEFI and NFT Projects are built on Ethereum network despite huge Network fee. If Doge coin's developers team can build a strong use case then it will be worth investing but I am afraid it is not going to happen so soon.

[andriarto]

Of course
if Elon daily posts good tw about it, I think it's the easiest field to drive growth from doge coin.
Maybe we shouldn't expect too much from it, i think the coin meme trend has lost its appeal.

Meme coin should not be bought at the first place, better to buy real coins such as BTC, ETH and BNB.
Too many meme coins created and many of them scammed people with various ways, honeypot, rug, etc.
Well, those coins are just meme coin after all, we should not expect too much from meme coins without use case.

It's true that when the meme coin price returns to normal, it will wait for big investors to come back to the top, but unfortunately many of the meme coins don't climb back up again after years, so I'm more interested in investing in coins for sure. , as you mentioned.

[DapanasFruit]

DogeCoin is a meme coin that the market has took seriously. Started more like a joke, it eventually stand on its own and became one of the biggest and most known cryptocurrency. However, we have to admit and I am sure many would agree that there are many things lacking on this coin and for a start it is not doing good as far as use-cases can be concerned and this can be the reason why even its godfather Elon Musk was calling for more developments on the coin. Now, am not saying that this is not a good coin because as far as I know it will always be the market that determines that by means of their investing vote.

[inanilujimi]

we have seen the current doge has lost the hype and will continue to fall down. no use except pump and dump. maybe for the next 5 years it's not necessarily doge can get his ATH again.

[LimLims]

Is there really any points of dogecoin other than to meme it and use it as a pump and dump?

It is always not meant that Doge is created to troll it.
I mean the devs of the coin have never thought of it, they just wanted another asset online just like the most popular BTC giving people choices to trade and earn.
But it’s us who made the coin as a meme material.
So it’s not always good to make a fun of a crypto specially if you don’t know what it matters a lot.
I myself used it in pump and dump and earned few profits too.

[Dread Pirate Roberts]

I think I've read this title on their original website. doge coin "the many coins" " the meme coin" at that time, before the price was going crazy. this coin lot of coins and more used for fun2 such as for gambling, . but after elon tweet people had different tought about doge coin such main investment. I don't agree with that. and the current condition of the doge in the market is not very clear and tends to continue fall.