The largest meme marker, but it is losing its excitement. What is the purpose of DOGE entering our lives?Cryptocurrencies have different uses in dozens of different categories
The largest meme marker, but it is losing its excitement. What is the purpose of DOGE entering our lives?
Cryptocurrencies have different uses in dozens of different categories. Dog coins are one of them. It has no other purpose than entertainment. Alternatively, we can say that it does not exist. In the early days, it was only ridiculed in the cryptocurrency world, but today the investor community has moved away from this viewpoint.
DOGE
About 10 years ago, when the dog coin(DOGE)When entering our lives, people view it as a virtual currency that is only used for entertainment purposes. Although its founder mocked the enthusiasm surrounding cryptocurrencies, it has today deviated from its purpose, but it is for this reason that DOGE developed it. Nowadays, as one of the founders, Marcus stated that the current situation is "foolish" and believes that dog coins have deviated from their original purpose.
Today, all its investors hope to profit from it. In the previous bull market,Dog coins dominate the field of memes.The starting advantage is a great advantage, which makes him even more excited, at least until the Chaigou is ready to face the challenge. We are rapidly moving towards the present, and other new memecoins are also creating excitement through their innovation. Therefore, it is important to analyze the current situation and future of dog coins.
Does Dog Coin Have a Future?
Unfortunately, we don't have a crystal ball to look forward to. What we have is a set of facts and observations that can help measure expectations. For example, memes are mainly driven by initial hype. DOGE has lost its enthusiasm, andDogecoin FoundationWe have been slowly making improvements to further promote it.
Dogcoin also has no specific purpose to increase organic utility. But this brings us to another point where we can emphasize the advantages of DOGE. It attempts to surpass its memecoin status and expand into the payment field. The DOGE holder still retains the possibility of Dogcoin becoming the official payment processor on Twitter. Although ElonMusk believes it is too early now, his plan will be reflected on Twitter in the future.
If you want to make/lose money based on the self entertainment posts of mischievous billionaires, DOGE may be right for you. However, due to its lack of risk and profitability, as well as the emergence of more alternatives in the meme field, many other reasons may lead to the gradual loss of its dominant position in the future due to its current cumbersome structure.
Meme Coin Latest Status
The total market value of all memes is $18.7 billion, which has decreased by 2% in the past 24 hours. The transaction volume also decreased by 36% to $779 million. The governor remains the king and maintains his position with a market value of over $11 billion. Its closest competitor isSHIBACoinIt briefly ascended to the throne. They melt 3-4% every week.
But the third and fourth ranked DOGE competitors rose 16% this week. These areFLOKIandBONETokens.PEPE meme DOGE and SHIB meme Tokens. 455 meme 110 50,000
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
