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IgorGonta
Nov 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.