problem is Dogecoin amassed the current market cap due to 100% hype from the meme community. The coin itself does not bring anything unique to the market, the community and developers are not very active, so I do not see why this coin should increase in value in the future.. Maybe it can get some additional hype from the asian markets within the next couple of months, but just like Worldcoin which increased 580% in 17', it's soaring PURELY because of the asians buying in on altcoins without really doing any proper research. Just like we did back in 11', 12' and 13' :-)
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I am not sure about this, as the market cap is still pretty high, and the meme has since flagged in popularity. That said, I do appreciate your criticisms, but see the coin as something special. Community and human interaction should never be underestimated. Time will tell whose gut is right here!