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With its promise of decentralization and anonymity, cryptocurrency was pitched as a revolutionary way to conduct financial transactions. However, the reality of blockchain technology reveals a different narrative, where every transaction is publicly recorded. While some coins like Monero prioritize privacy, most cryptocurrencies, including Bitcoin and Dogecoin, operate in a transparent manner, contradicting the assumption of anonymity.
The rapid rise of meme coins like Dogecoin can often be attributed to viral trends on platforms like Reddit and Twitter, where the collective sentiments of online communities can lead to wild price surges.