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