Dogecoin is the Pet Rock

Adam Inyang Adam Inyang
Posted at 7/30/2021

Dogecoin was created as a literal joke. Now, the people who are investing in DOGE on the word and whim of Billionaires and social media, are indeed the joke. To reiterate, you are a joke if you are investing in DOGE. Beyond barbaric day-trading and small percentage bumps, no one is retiring off Dogecoin.

Let’s talk realistically. When it comes to the valuation of BTC versus DOGE, What is pushing the growth of Bitcoin? What is pushing the growth of Dogecoin? In the case of Bitcoin, institutional adoption is the driving force behind Bitcoin’s growth. Businesses, organizations, and governments are recognizing the legitimacy and applicability of Bitcoin and are accepting it as transactional currency amongst their communities. In contrast, what’s pushing the growth of Dogecoin, is social media hype. That’s it. There is no institutional adoption of DOGE. There is no utility or efficacy that ha...more

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