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Life isn’t really worth living unless you’re having fun with it. People tend to forget this, especially in regards to finance. The world is supposed to have fun too. This is why we have Dogecoin.
When you show your Dogecoin to your friends, and they recollect history, it is like, Dogecoin: 2013: “it’s fun” 2014: “it’s a joke” 2015: “it’s worthless” 2016: “it’s speculative” 2017: “it’s a bubble” 2018: “it’s a pump n dump” 2019: “it’s a meme” 2020: “it’s dog money” 2021: “it’s inevitable” 2022: “I wish I bought it.
Everyone in the Dogecoin community have a strong belief that DogeCoin will touch $1. They believe Doge must be at least 40 cents by now while BTC is 49.5, and there is a massive pump waiting.
Those who bought it for 42 cents were like; I bought in at 42 cents haven’t seen anything to make me jump for joy yet. So many were like, I believe in long-term investment, I am waiting for Doge to hit 10$ at least.
Someone said: Schools will open, and will I be able to earn my pocket money with Doge?
You would need a Doge Wallet to receive Dogecoin, but then it would depend if other people know how to transfer Doge.
While such discussions of hope continue in the DOGE community, a recent publication pointed to how the exclusive on-chain analysis of Dogecoin shows new investors are currently adopting it at a level not seen since the late-2017 bull market.
Reportedly, 106 billion DOGE, which is about 82% of supply, is held by 535 entities, which hold more than 10 million DOGE each, or 0.01% of entities. Further stated, “This is likely a mixture of businesses like exchanges which store DOGE on behalf of millions of traders, and a few, now-wealthy, early investors.”
Studying 4 million DOGE holders, about 2.1 million entities hold less than 100 DOGE each; half of them hold the meme cryptocurrency for more than two years. The low balance entities are not necessarily individuals, which are likely to be in scattered wallets, which belong to a smaller number of individuals.
Dogecoin’s price is indicative that cryptocurrencies are experiments, which is meant to brand for financial assets, which depend on the craziness and creativity of the internet. This is a lot different than traditional financial brand values, and it is beyond what the traditional customer mindset can understand.
