When i open my twitter, there are tons of new feed on doge. Many people is promoting and posting. however, the price of doge is under $1. i think the main reason is that most of them did not even understand the definition of Currency and the Most basic function of a currency:
1.store value
2.medium of exchange.
BTC is capped @ 20million. thus BTC can serve as a medium to store value🔥, while Doge with a inflation rate each year. the bigger quantity is suitable for daily transaction and daily use⚡. currently, the basic fee is only 0.01 doge/kb, the speed improved very much. but the price still near $0.1 recently. not even mention those $1, $8 claims. just a dream.
To make doge break $1 or $8. the only way is to promote it to be adopted by stores worldwide. Just use it!. this is the only intrinsic value of doge. tipping is a past as every doge make sense.
if you have chance go to China. you will be surprised that everyone use Alipay/Wechat to pay everything. buy food, car, apartment etc. about 10 years ago, 90%😲 of Chinese mainly use bank card, POS to pay big and cash for daily life. now, 95%+👀 Chinese people only take a phone to do everything. this is adoption.
If i was the owner of the top 1 holder with about 30 billion doge. I would spend/spread 5-10 billion doge to promote it worldwide for adoption. it is easy to make 100x return and the price of doge will be more stable. This is the only way to make doge valuable. otherwise, it has no other competitive advantages. then your 30 billion only is a number and hard for you to cash out at a Good price.
IF doge wanna break $1 or $10, the wide adoption is the only way. posting on twitter is foolish.
without wide adoption, it will never hit $8, even hard for $1 in a short time. it is only a picture.
if you doge wanna break $1 or hit $10 in reasonable timethen do,
1. To promote doge to be adopted worldwide > posting twitter
2. The big boss need take action to promote (donate Big to charity, college, contest, etc) if not, many other tokens will dillute the market making your ~30billion doge @ lower value😨.
different ideas welcomed 😉
Top holders aren't going to just donate it out, those people will only tend to sell off it anyway lowering the price. It isn't going up because anyone who was dumb enough to buy and hold doge has done so already, smart folks already got rid of it. Demand can never outpace endless supply so inevitably it will continue to go down in value over the long term just like fiat.
