There's no supply cap on Dogecoin, and over 5 billion new coins are made every year. This means to drive the value up, the memes must increase in quality since there is no value proposition with the supply. The memes for Dogecoin are good, and it caused people to make a lot of money who know how to ride the meme waves. But here's the catch. What if Elon tweeted: "I realize now that Dogecoin has security concerns." Or what if he tweeted him stomping on an ant, and the ant's face was the Dogecoin logo?
Dogecoin is like Musical Chairs
Dogecoin is like Musical Chairs
Dogecoin is like Musical Chairs
There's no supply cap on Dogecoin, and over 5 billion new coins are made every year. This means to drive the value up, the memes must increase in quality since there is no value proposition with the supply. The memes for Dogecoin are good, and it caused people to make a lot of money who know how to ride the meme waves. But here's the catch. What if Elon tweeted: "I realize now that Dogecoin has security concerns." Or what if he tweeted him stomping on an ant, and the ant's face was the Dogecoin logo?