Can the value of Doge be realized by using Twitter to exchange Dogcoin as a logo?

The market is generally down, and dog coins are rising sharply. The fish tail market is stable and cherishedWake up early in the morning, Twitter's logo Blue Bird was taken bird seat by Doge's dogOn April 4th, the CoinseckoTop100 token experienced a 24-hour increase and decrease

The market is generally down, and dog coins are rising sharply. The fish tail market is stable and cherished

Wake up early in the morning, Twitter's logo Blue Bird was taken bird seat by Doge's dog

On April 4th, the CoinseckoTop100 token experienced a 24-hour increase and decrease. Today, the average increase of Top100 Token was 0%, with a range of [-5%,+5%]. Musk's order only received a 20% increase in Doge. As the world's richest person, you cannot escape the constraints of the law of marginal decline

Musk Shouts Single Effect Blooms Two MeMe Coins and Twitter 2.0 Concept Coins

There are two understandings in the market regarding Musk's call for orders. One is that it is good for MeMe coins, including Doge, and $BABYDOGE, $Elon, $PolyDoge, etc. are all on the rise. The other is that it is good for Twitter 2.0, especially for the payment concept of $MOB

The fish tail market has obvious characteristics. This year, it may be sold in April

There is a saying in the financial market that says "sell in May" because according to statistics, the first half of the financial market in the Northern Hemisphere usually ends in May.

However, the market is often influenced by the macro environment, financial cycle, and monetary policy, and the market may end earlier or later this year. As the market started one month earlier than usual, I am eager to find a solution, and it will also end one month earlier than usual

Finally, I would like to submit a Doge market trend forecast chart for the next 5 days

The operation result of AI model is a bit disappointing. I hope it is overfitting

Is Dog Coin Valuable?

So far, the application of DOge goes far beyond just giving rewards. It can even be used for shopping in some places in Australia or the United States, and hundreds of various charitable organizations have even received donations from DOge! There is no saying in this circle that anyone is noble or inferior, and I believe consensus is also important. In addition to technology and philosophy, Doge has indeed achieved people-friendliness!

II. Technology/Trend Analysis

The characteristics and principles of 1Doge and its comparison with BTC

Doge is based on LTC technology, which is a fork of the BTC protocol. The underlying layer of DOge is similar to BTC/LTC, using decentralized distributed ledger technology. However, compared to BTC, Doge has a faster block generation speed and transaction confirmation time, making it more practical. The comparison between Doge and BTC is also significant, as shown in the figure below

On the underlying mechanism, Doge uses proof-of-work (PoW) as its consensus mechanism. Doge uses the Scrypt algorithm, which is different from the SHA-256 algorithm used by BTC. The Scrypt algorithm reduces the difficulty of digging K to a certain extent, making it easier for ordinary people to participate in the digging of K in DOGE. This design promotes ecological diversity and reduces the possibility of K industry resource concentration, which is relatively lower than BTC and K industry threshold

In short, today in 2023, your phone or computer can participate in K mining, but if I invest, I may be more willing to choose BTC. Everything is because of the mechanism, and DOGE is an infinitely inflationary currency, which limits its investment value. BTC is deflationary, and scarcity is precious. Anyone who understands it can understand it. However, if you treat it as a currency for foreign exchange, it may be a good target in the long run, It's also Musk's original intention to become a banker

I still like XMR for privacy. XMR uses a technology called ring signature, which makes it difficult to track transactions on the blockchain. This technology can confuse the actual sender's signature with other irrelevant signatures, making it difficult to identify the source of the transaction, and various other mechanisms. To put it simply, digressing the topic, we will continue to talk about DOE. DOE can handle it, but it is not recommended for Soha or Musk

How to approach zero cost entry, Doge

Then it's time for this key chapter. Now, everyone enters the DOGE, usually through the DEX/CEX exchange, but there are actually these six ways to take orders

Dig k:DOGE can dig k by adding k pools or using a computer or phone. Please note that digging k requires a certain amount of hardware and power investment. Therefore, before starting to dig k, please ensure that you understand the relevant costs and returns. It is recommended to play with old devices, so the cost only needs to be close to zero. These are k pools that computers or phones can participate in (for reference only)

Community activities and gifts:The DOGE community often holds various activities, such as competitions, Q&A, etc. Participating in these activities can sometimes earn DOGE rewards. In addition, users on some platforms may also offer gifts from DOGE. The official website can check loan pledges, faucets, jobs, and starting a company, which is a matter of opinion. If you treat it as a currency, you can actually obtain it at almost zero cost. There are too many ways to do so

Finally, I would like to evaluate its future and present from my personal perspective. Although DOGE was initially created as a funny and easy token, it has developed into a currency with certain value and influence in the cryptocurrency market. The activity of the global community of DOE has brought it unique value, and its current position in the cryptocurrency market is relatively stable, ranking among the top in terms of market value. Its potential depends on multiple factors,

Such as community development, practical application, and mainstream recognition. ElonMusk's support for Dogcoin has had a positive impact on its market performance, but it may also bring unstable factors. ElonMusk has repeatedly expressed support for DOGE on social media platforms such as Twitter, which has to some extent increased the popularity and market value of Dogcoin. His remarks can even trigger short-term fluctuations in the price of dog coins, which is not a good phenomenon

But if we consider landing, then Twitter may be a key point that allowed the meme coin to break through. After Musk became the CEO, he frequently called for Doge, and today he directly replaced it with a Twitter logo. If it is used as a reward, or even as a Twitter trading currency, the widespread landing of Doge may transform it from a meme to a non sovereign endorsement fiat comparable to USDT, and its mechanism does indeed meet the circulation requirements of fiat coins.