
IgorGontaNov 26, 2024
Dear all, I have been watching the fast moving cycle (as everyone has) of rapid innovation in the blockchain and crypto space. So I wanted to post this thought. While Gold is used for jewelry and industrial applications, a large portion is purchased as a store of value, a hedge against inflation, and as a reserve and a currency. Just like Gold, if enough people ascribe value to an asset, it by definition has value as people are willing and do transact in it. Gold is a currency. DOGE coin, in my humble opinion, is not a Meme coin. With a market cap of over 56 B, and the 7th largest crypto currency, it can't be labeled as a Meme. Doge is no different than Gold.

