The end of novelty alt coins is a good way to put it. Though at this point in a lot of ways bitcoin has become a novelty. It is certainly outdated and starting to loose use cases not gain them. In my mind as long as an outdated coin like bitcoin can dominate the market then a coin like Dogecoin will be able to hold its value for a lot of the same reasons such as having a large following and having many use cases. I personally trade Dogecoin pairs on X/DOGE markets aswell as use it to transfer funds from exchange to exchange as it is faster and cheaper than using bitcoin.
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