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DOGECOIN CORE WALLET 7 YEARS BEHIND PROFESSIONAL
Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. The content of this website solely reflects the subjective and personal opinion of the authors. Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. it certainly is not going away and has one of the most passionate communities. I'm truly excited to see what doge can become over time. However, DOGE isn’t worth its valuation, he concluded. He also lauded its passionate community which he believes is one of its core strengths. In an interaction with Dogecoin founder Billy Markus, he stated that he is excited to see what becomes of Dogecoin. In fact, Dogecoin is more valuable than ‘more impactful’ companies like Ferrari, tech giant Cognizant, HP, hotel chain Hilton and Southwest Airlines.īarry Silbert, the founder and CEO of crypto giant Digital Currency Group, is one of those who believe this is an overvaluation of the memecoin. It ranks in the top 400 most valuable assets on earth. DOGE is now worth $39.4 billion, with each coin trading at $0.304. However, despite the rise of Dogecoin payments, one crypto veteran believes it’s overvalued. If interest rates skyrocket or the amount spent falls or stagnates, so will Doge. Cuban, on the other hand, made it a payment option for his popular NBA franchise, the Dallas Mavericks.Īs long as more companies take doge for products/services, then Doge can be a usable currency because it MAY hold its purchasing value better than a $ in your bank. Musk in particular has been working with Dogecoin developers to advance it for payments. Be it the newbies who find it easy to start the crypto journey with the speculators who have gained massively this year celebrities like Snoop Dogg who just want to ape into the ‘coolest’ crypto project around or the influential leaders like Elon Musk and Mark Cuban who want to advance it, the memecoin has received great support.ĪLSO READ: DOGECOIN – LOVED AND HATED IN EQUAL MEASURE. The memecoin has become a darling of the crypto community in recent times. Dogecoin is overvalued: Barry Silbertĭogecoin’s rise as a payment option is not a big surprise to many. I expect it to continue to grow, and that utility will get greater. And when you combine a strong community with low fees, that’s a great recipe. It also has an advantage Bitcoin or Ethereum doesn’t necessarily have at this time: Dogecoin has low fees.
And the fact that merchants are seeing thousands of transactions in Dogecoin, I would say it has utility.”
Because it has climbed in our network as fast as it has, there is utility there. Speaking to a crypto news outlet, BitPay CMO Bill Zielke stated, “Very quickly it’s become a material coin for us. This is only behind Bitcoin, Ethereum and Bitcoin Cash, BitPay revealed. And now in May, DOGE accounted for 12.6 percent of all crypto payments. In the next month, this doubled to 7.8 percent. In March, DOGE only accounted for 3.3 percent of all crypto payments. However, the doubters are still in plenty, including one crypto veteran who recently claimed it’s overvalued.īitPay, which is one of the largest crypto payment services, revealed that Dogecoin use has accelerated in the past few months.
DOGE ranks only behind Bitcoin, Ether and Bitcoin Cash in payment volume. And according to data from BitPay, it’s becoming one of the main payment options in the market. While it has maintained its ‘memecoin’ status that’s easy and fun to interact with, it has become one of the most valuable cryptos in the market. Despite the surge, Barry Silbert, the CEO of the Digital Currency Group and a crypto veteran believes that it’s overvalued and is not worth $37 billion.ĭogecoin may have started out as a joke, but today, it’s anything but.According to data from BitPay, Dogecoin is quickly rising as a payment coin and now only ranks behind ETH, BCH and BTC in payment volume.
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