People have been saying it’s dead since forever, but every cycle it somehow comes back into the conversation. No big tech updates, no serious roadmap, just community and vibes.
Are we underestimating it or is it really just running on hype?
If DOGE is “just a meme” then why is it still around after all these years?
byu/EdgeQuiet2199 indogecoin
Posted by EdgeQuiet2199
6 Comments
I think it’s a mix of both. DOGE doesn’t really rely on tech innovation, but it has strong brand recognition and a huge community. That alone can keep it relevant, especially during bull cycles.
because “meme coin” is the meme.
Doge was created to make fun of gamblers who said “to the moon” and “wen lambo” seriously. The community had a lot of fun ridiculing them when they hyped early alts and lost big.
Many of those early altcoin hypers eventually came to the conclusion that it wasn’t their meme-trading that was the problem, but that they just mistook Altcoins for having value and if they had just accepted that only Bitcoin will ever go up because 100% of all altcoins are scams, they will profit big.
They bought the bags of the OG bitcoiners and expected BTC to go to a million, but it didn’t. Meanwhile they also expected all alts, including dogecoin, to just go to zero as they predicted. It didn’t.
Now what does a meme trader that is wrong do? Invent copium. “Doge only stays up because of memes”
And since the hype about crypto made news sites realize they don’t know jack shit about crypto, they just went to social media, looked at the bitcoin investors and copied their memes as educational content.
As a result, millions of scammers around the world realized the great opportunity they have, releasing scam-token after scam-token, calling themselves “meme coin”, in hopes that the hype around the media narrative would make them rich.
Unlike the bitcoin maxis, the scammers were right and made more money than the maxis that still wait for $1m bitcoin….
Read up what a “meme” is and you’ll understand
You know what else is a meme?
Still around but doing what?
Gold is just a shiny rock and the dollar is just paper with drawings of dead guys. All value is a social construct. DOGE was simply the first to admit that the financial system is a joke, and that honesty created one of the most loyal communities in history. Betting against DOGE is betting against the internet’s sense of humor… and that rarely ends well.