With the halving fast approaching, alongside many people being attracted to the coin due to elon musk’s
influence and it being tied with his own product like tesla, I do think it will maintain
a quite strong position in the market.
It’s definitely one of the coins I am looking at in hopes of generating profits.
There’s a huge chance its hype dies through so the most I can do is take advantage
of the hype.
even though some people might say that dogecoin will eventually fail I think it will not, thats the thing with crypto, meme coin are somehow being favoured by people it never lacks the community that supports, even new meme coin instantly gaining recognition from many people just for the sole reason of being a meme coin.
there has been quite many meme coin released on the solana blockchain and it doesn't mean these meme coin gonna be taking up some capital off the already established meme coin.
instead it just makes the crypto market full of inflow of investment that its sometime rather confusing for people that study economics maybe.
people just really favour meme coin for no reason and thats why many meme coin are gaining valuation thats sometime far surpass coin that actually have use.
but then again every market out there not only limited to meme coin always made up of people that try to make profit regardless of the product as long as it sells.