Well, I think that because most the Steem is locked away in those contracts for 2 years is part of why there is no real trading, and why the market cap is not moving. As people move their coins out to trade that will bring about a change in the price, Steem has a community, and SteemIt is a way to distribute new value, I did not follow Dogecoin much but I never saw much value in it except that it was another coin to trade. Steem has a delivery platform that more than just the miners are able to get Steem, as far as I know, and like I said I never followed Dogecoin much, mining or faucets were the only way to get more outside of the exchanges. So, as I see it, Steem has a much better potential to out do anything that Dogecoin could have done.
You are viewing a single comment's thread from:
The big thing with Doge was tipping. You would be tipped Doge for any and every reason, especially if you used the subreddit. So Dogecoin permeated widely, but arguably while that caused the mindshare explosion, it also made it seem worthless. The fact that it was started as a joke, treated as a joke, likely had its downsides.
True, yet it seems as though it will never go away, I have seen it rebound a couple times in the last couple years, yet, your right I never thought much of it as I hear it started as a joke.