The reason Dogecoin could fail in the future

[vanesha]

it is possible that in the future Dogecoin will be remade because he has already adopted Elon Musk. as the richest man in the world I don't think it is difficult for Elon Musk to create a new version of Dogecoin that will get better technology in the future and regain the popularity of the old Dogecoin.

[LastKiss]

~snip~

Are these cons going to result in dogecoin price failing or Elon Musk support for it make this coin price increase?

Elon Musk is just one of the reasons that made the Dogecoin price increase, as long as the community supports the token just like SHIB then it's not impossible to keep growing in upcoming years. If a problem like outdated blockchain technology occurs and Dogecoin needs a better blockchain that supports more transactions then the community will have the solution since the Dogecoin community is not small one. The one that makes a token fall is there are no utilities so a token which not has enough utilities won't come back to its previous ATH.

[wheelz1200]

Dogecoin gained popularity due to its low cost as well as its welcoming community. Its community of users behind Dogecoin is involved on various social platforms, and it gained popularity specifically from Reddit.

Doge could fail because -
Dogecoin could fail in the near future due to its outdated blockchain technology. The Dogecoin blockchain is built on the Litecoin blockchain, which is based on Bitcoin's Blockchain.
One of the main issues with old blockchains is that they're not scalable. They are unable to manage large volumes of transactions without slowing down or mistakes.

Investors advice on investing in Dogecoin now as this is being the best time to purchase doge. Dogecoin prices are expected to rise as we approach the annual close. The increase in price fluctuations may eventually assist the price to soar and as per Coinpedia doge price prediction it will close the year at $0.118.

Are these cons going to result in dogecoin price failing or Elon Musk support for it make this coin price increase?

It's simple really.  Dogecoin can fail because demand can't keep up with 10k coin block reward every minute for eternity.  People don't understand that demand always has to increase at least by the amount that total supply goes up by, otherwise the price will fall.  Inevitably there is no way price can go up due to this.  Just simple economics.

[Psynthax]

it is possible that in the future Dogecoin will be remade because he has already adopted Elon Musk. as the richest man in the world I don't think it is difficult for Elon Musk to create a new version of Dogecoin that will get better technology in the future and regain the popularity of the old Dogecoin.

I mean it's true that elon could simply hardfork the current coin and made a new ones that he could reign over but then again it will be different coin then, I think the point is that elon will definitely never make a hardfork version of the current coin since it seems might not be in his best interest making coin all over again, his interest is just riding the waves so that he could make some quick profits I guess and will never take the more complicated way.

[Silberman]

it is possible that in the future Dogecoin will be remade because he has already adopted Elon Musk. as the richest man in the world I don't think it is difficult for Elon Musk to create a new version of Dogecoin that will get better technology in the future and regain the popularity of the old Dogecoin.

I mean it's true that elon could simply hardfork the current coin and made a new ones that he could reign over but then again it will be different coin then, I think the point is that elon will definitely never make a hardfork version of the current coin since it seems might not be in his best interest making coin all over again, his interest is just riding the waves so that he could make some quick profits I guess and will never take the more complicated way.

It should be obvious that Elon is not really trying to build anything in this market, he is only interested in exploiting it for his own benefit, and while this is not wrong by itself as everyone that invest their money in any market thinks about earning money, the difference is that we do not have the power he has to manipulate millions of people to go against their own interests and make investments that are terrible for their long term financial health.

[Abiky]

It's simple really.  Dogecoin can fail because demand can't keep up with 10k coin block reward every minute for eternity.  People don't understand that demand always has to increase at least by the amount that total supply goes up by, otherwise the price will fall.  Inevitably there is no way price can go up due to this.  Just simple economics.

Price-wise, Dogecoin will fail. But I think the network will survive thanks to the way it was designed. There's a respectable number of nodes and miners backing the DOGE chain, so don't count on its disappearance anytime soon. The creators of Dogecoin always said it was never meant to be used as a serious cryptocurrency. With the huge supply alone, DOGE will be unable to maintain a high price for long.

At least, the network is fully functional. Who knows if DOGE gets to outlive most coins in the future? Just my thoughts

[SquallLeonhart]

It should be obvious that Elon is not really trying to build anything in this market, he is only interested in exploiting it for his own benefit, and while this is not wrong by itself as everyone that invest their money in any market thinks about earning money, the difference is that we do not have the power he has to manipulate millions of people to go against their own interests and make investments that are terrible for their long term financial health.

I think it is just the constant need to be liked that is about him that made doge go up. When he promoted doge, everyone loved him, everyone made millions and they promoted him and showered him with love and that is why he kept it up, but then there is this weird thing in him that pushes the boundaries and tries to get liked even when he does the opposite, he wants people to love him no matter what he does, not just love him but literally worship him.

So, it is obvious that we saw doge go up, and we saw it go down as well. There is no way that Elon would ever care about anyone in the world aside from himself, doubt he even cares about his family as much as he cares about himself.

[Oilacris]

Are these cons going to result in dogecoin price failing or Elon Musk support for it make this coin price increase?

We should bare out into our minds that Dogecoin was just still having that kind of value and support on the community before Elon do take up some involvement which does simply means that whether

Elon is there or not in towards Dogecoin and as long the demand and recognition do still takes place then it is really impossible for it to fail in the future.Its a meme coin and those veterans or experienced

ones in the market are really that aware on what it is, we cant just make out some direct conclusions on where it would be going.If you are the ones who do believe  that it would fail
then its up to your own choice whether you would engage or invest on it or not.

[Hypnosis00]

It's simple really.  Dogecoin can fail because demand can't keep up with 10k coin block reward every minute for eternity.  People don't understand that demand always has to increase at least by the amount that total supply goes up by, otherwise the price will fall.  Inevitably there is no way price can go up due to this.  Just simple economics.

Price-wise, Dogecoin will fail. But I think the network will survive thanks to the way it was designed. There's a respectable number of nodes and miners backing the DOGE chain, so don't count on its disappearance anytime soon. The creators of Dogecoin always said it was never meant to be used as a serious cryptocurrency. With the huge supply alone, DOGE will be unable to maintain a high price for long.

Indeed, the strong support from the community keeps this coin even more helpful than other projects. In fact, many people think that it was just a shitcoin but they never see how this become valuable to traders and miners. For me, Dogecoin will remain as a meme coin with some function and value in the market.

At least, the network is fully functional. Who knows if DOGE gets to outlive most coins in the future? Just my thoughts

Not by chance due to its huge supply but for sure this coin is still alive and working.

[KennyR]

Dogecoin got its popularity through influencers. If not, this could've remained the same as years back. It is not an easy thing to end the market of dogecoin. Sudden growth have created expectation among the common investors, and this being one of the oldest available in the market won't fail easily for the mentioned reasons.

Maybe there is lack of development, but it's usage is experienced all around the market for some needs. Surviving such long years is not an easy thing. This means amidst its lack of development there is real usage of dogecoin which makes it move forward.

[shinratensei_]

it is possible that in the future Dogecoin will be remade because he has already adopted Elon Musk. as the richest man in the world I don't think it is difficult for Elon Musk to create a new version of Dogecoin that will get better technology in the future and regain the popularity of the old Dogecoin.

that'd be really bad idea honestly, there's no point in recreating doge coin again and elon will gains nothing from it, honestly even his shill of doge is all just for fun not for real money, i'd say all his gestures involving doge coin is all just for a joke, he was never really that commited in having dogecoin integrated in his platform in the first place other than just attracting some attention for marketing.
I'd say elon would never ever made a forked version of doge and would never create meme coin as this would decrease his integrity, more over less and less people are trusting his words.

[Sebas.tian]

it is possible that in the future Dogecoin will be remade because he has already adopted Elon Musk. as the richest man in the world I don't think it is difficult for Elon Musk to create a new version of Dogecoin that will get better technology in the future and regain the popularity of the old Dogecoin.

The popularity of dogecoin will definitely improve higher in the future, because the managements will not allow it to fail than to do everything possible within their power to make it dominate in the market. Since investors are still looking for a way to invest their money on dogecoin in this season, showed that the future of dogecoin will be brighter than it's now because their developers wil like to prove to their investors that they are more active to satisfy their investors. Now that the price of dogecoin has decreased to this level were poor people can buy and hold to be part of the good news that is about to happen to those that used the opportunity wisely on dogecoin investment.

[klidex]

it is possible that in the future Dogecoin will be remade because he has already adopted Elon Musk. as the richest man in the world I don't think it is difficult for Elon Musk to create a new version of Dogecoin that will get better technology in the future and regain the popularity of the old Dogecoin.

The popularity of dogecoin will definitely improve higher in the future, because the managements will not allow it to fail than to do everything possible within their power to make it dominate in the market. Since investors are still looking for a way to invest their money on dogecoin in this season, showed that the future of dogecoin will be brighter than it's now because their developers wil like to prove to their investors that they are more active to satisfy their investors. Now that the price of dogecoin has decreased to this level were poor people can buy and hold to be part of the good news that is about to happen to those that used the opportunity wisely on dogecoin investment.

It is true that the management of Dogecoin will not let the project fail and will try their best to restore Dogecoin's glory and make its popularity even higher in the future.
What's more, it is supported by the large Dogecoin community and support from several well-known people and world billionaires.
But remembering that during the heyday of Doge coin last year, it only lasted a few moments and immediately experienced a significant price drop, even though many investors and traders had entered to buy Doge in large enough quantities and in the end many were still stuck at the top price.
From there it can be concluded that even in the future new investors will be afraid to buy Dogecoin because when the price starts to rise, investors and old traders who are involved will sell all their assets to recover losses and what happens is that the Doge price automatically drops back down before reaching The new ATH.

[LogitechMouse]

An Outdated Technology doesn't mean a failure and on the other hand, an Updated Technology doesn't mean a success.

The fact that DOGE has been listed on many exchanges just shows that many are still supporting and using it. I'm using DOGE to transfer my coins because of its low transaction fee and relatively higher transaction speed. There are many people who are still using DOGE right now. It has been created as a tipping coin but even though it hasn't been used that way, there are still people that are using it for other reasons.

Now with regards to Elon Musk and DOGE, what is the last time Elon said about DOGE? I mean I'm not updated, and I don't want too but I assume that he isn't hyping it anymore.

[Strongkored]

Are these cons going to result in dogecoin price failing or Elon Musk support for it make this coin price increase?

The reason being on the old blockchain wouldn't be strong enough to make dogecoin become obsolete in the future, why? because the community support is strong enough for this coin it is proven that Dogecoin remains in great demand and Elon Musk will be one of the factors making Dogecoin go back up in price and we know that many people involved in crypto are focused on profit and every increase in price will give profit to the holder

[Silberman]

It should be obvious that Elon is not really trying to build anything in this market, he is only interested in exploiting it for his own benefit, and while this is not wrong by itself as everyone that invest their money in any market thinks about earning money, the difference is that we do not have the power he has to manipulate millions of people to go against their own interests and make investments that are terrible for their long term financial health.

I think it is just the constant need to be liked that is about him that made doge go up. When he promoted doge, everyone loved him, everyone made millions and they promoted him and showered him with love and that is why he kept it up, but then there is this weird thing in him that pushes the boundaries and tries to get liked even when he does the opposite, he wants people to love him no matter what he does, not just love him but literally worship him.

So, it is obvious that we saw doge go up, and we saw it go down as well. There is no way that Elon would ever care about anyone in the world aside from himself, doubt he even cares about his family as much as he cares about himself.

And the worst part is that there are many people that are willing to worship him in the way he wants, since it is not rare at all to find in this forum posts about people wishing for Elon to notice their favorite meme coin so it goes up in value, and if this happens here in the forum then it is easy for me to imagine that things are even worse on social media websites, where the level of discussion is several times lower than what you can find in the forum.

[kinvan f]

Who said it was a failure?
Who should define failure and success? If the investors of Dogecoin are only for profit, I think they have successfully harvested a lot of benefits, is it not considered success?

[trendcoin]

I don't think Elon Musk will support Dogecoin forever. He wanted to have fun with Dogecoin and he did. However, I don't find it correct to explain the future failure of Dogecoin with its price. Dogecoin is a memecoin. It is the ancestor of memecoins. It has a position independent of its price... Under normal circumstances, it is absurd that we even talk about Dogecoin today. I think we cannot explain this absurd situation today, so we may relive the times in the future that we cannot explain this absurd situation... It is a memecoin. We don't need to look for logic in Dogecoin. :)

[JeffBrad12]

the thing with this coin is that it's value was mainly driven by the fame that it has, once that lost and the meme trend somehow becomes boring, it will eventually get left by many, the only thing that keeping it alive until now is the fact that many still rides in the train of this coin because they wanna make quick money and that's it, they always waiting for other opportunity like before which of course rather uncertain but still could be happening, but eventually, dogecoin will reach some point where their valuation already tremendously high that it isn't sustaining.

[cryptomaniac_xxx]

the thing with this coin is that it's value was mainly driven by the fame that it has, once that lost and the meme trend somehow becomes boring, it will eventually get left by many, the only thing that keeping it alive until now is the fact that many still rides in the train of this coin because they wanna make quick money and that's it, they always waiting for other opportunity like before which of course rather uncertain but still could be happening, but eventually, dogecoin will reach some point where their valuation already tremendously high that it isn't sustaining.

Yes, remember that it is a meme coin to begin with, and then when some famous people hype and drive the coin, ehem, ehem, Elon Musk, people suddenly thinks that it is a good coin to invest. But if you look closely, it doesn't have a used case so what is all the fuzz about it?

In any case though, I don't think it will die, it will still have the support of the community, some old heads as they call because Doge truly represents what a meme coin it.

But we knows, maybe in the future it will have a good pump and dump.