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❕NEWS Ripple CEO Slams Dogecoin

L

LutherKing

Guest
Garlington on a recent event took on dogecoin and said compared to 21 million supply of Bitcoin vs infinite supply of doge the users will be finally incentivised to spend it
He said that the joke crypto is a sign of warning for investors and they should not consider putting value in it

Share your thoughts ...
 
Well he's not really that wrong, given the unlimited supply of dogecoin the value of the coin will surely sink down in the future as supplies will be flooding the market it will be really inflated in the future as the devs of the said coin don't really have any intention to go back and work on it well given that they;ve created the coin for fun only in the first place still surprise that it it this much
 
In the end, all he has said regarding dogecoin is very true. The only way that coin could pump again is if something happens to spike people's interest in it like Elon Musk did some time back or if the developers decide to pick up from where they stopped by burning some of the coin and giving it some use cases.
 
Well this report sounds true and doge coin is just in huge supply but the price is still low. I think the hype is fast giving way and people are fast moving away from it too. A lot of people are more into investing in Shiba Inu at the moment. maybe musk should do more with the coin or the developers take over to revive it.
 
Leaving what really matters to focus on those coin is a huge turn off and he should not even consider it at all as he has to focus more on how to win the case that is currently against his own cryptocurrency so that their company will get a lot of support and reputation that will make people to see them as being credible.
 
Funny considering how crypto community often mocks Ripple because of its centralized nature. I would say, just ignore that guy and invest in whatever coin you want to invest, as long as you do your due diligence. Don't let any of these big shots influence your investment or trading decision.
 
i actually taught that the developers of certain coins are suppose to be saying good about other coins ,and not saying bad things , because the development is actually all for cryptocurrency ,dogecoin might be a meme cryptocurrency but it still have the potential in developing ,that shouldn't be ignored. even despite been a meme coin institution are adopting it
 
That is true. After all the hype what's in there for dogecoin? What does it offer? Nothing. Investors are relying on hype and support from billionaire but aside from that it has nothing. No real use no improvement nothing. It's fair enough though it achieved way too much for a meme coin it's good enough and proved enough but it ends there.
although the advantage I Know is that the coin could be available for payment option ,which people could use to recieve payment online and others , been a meme coin is actually not a big acheievement for the coin with the look of things ,the coin still have that big future
 
Problem is it is. The reason why it's being looked at is because it's a meme coin.. unique and funny that is why it got elon musk attention and with that being elon involved many people followed. You see despite being used and accepted as a payment option for some establishment it's still not improving any value at all. Only thing that makes it move is when elon creates a hype around it.
i noticed that too Elon is actually the one that place more concern on the coin ,is hype only exist for minutes ,the people who trades when he placed those hypes are the short term traders that actually just want to benefit so fast from the increase ,I have noticed it tho when he last promoted the coin
 
He said the truth though. And many other coins are created just to imitate the hype dogecoin has gotten dogecoin is only good because Elon is there behind it

i actually taught that the developers of certain coins are suppose to be saying good about other coins ,and not saying bad things , because the development is actually all for cryptocurrency ,dogecoin might be a meme cryptocurrency but it still have the potential in developing ,that shouldn't be ignored. even despite been a meme coin institution are adopting it.
Sadly they are not supporting each other after all crypto currency is like a product of theirs and other coins are competition. And you will see these CEOs not slamming cryptos that is scamming people
 
He said the truth though. And many other coins are created just to imitate the hype dogecoin has gotten dogecoin is only good because Elon is there behind it


Sadly they are not supporting each other after all crypto currency is like a product of theirs and other coins are competition. And you will see these CEOs not slamming cryptos that is scamming people
they are even suppose to be supporting each other , because it's all good for çrypto currency ,I think there are some time that people know about some coin through some particular coin ,that's how it's been stipulated ,they need to reconsider supporting each other
 
they are even suppose to be supporting each other , because it's all good for çrypto currency ,I think there are some time that people know about some coin through some particular coin ,that's how it's been stipulated ,they need to reconsider supporting each other
Well it's good to have a lot of different coins to choose from. While they are not supporting each other it's Atleast good that majority of them have the same goals here. I think both dogecoin and xrp are good for small transactions because of their cheaper fees than other coins
 
Well it's good to have a lot of different coins to choose from. While they are not supporting each other it's Atleast good that majority of them have the same goals here. I think both dogecoin and xrp are good for small transactions because of their cheaper fees than other coins
yeah they have similar goals and purposes ,but it would have been good if they are actually supporting each other , there are some kind of partnership that I am expecting that would be for the development of the crypto currency community with the look of things
 
Garlington on a recent event took on dogecoin and said compared to 21 million supply of Bitcoin vs infinite supply of doge the users will be finally incentivised to spend it
He said that the joke crypto is a sign of warning for investors and they should not consider putting value in it

Share your thoughts ...
Apparently he's right, dogecoin is just a meme coin like some dump and pump coin, its has no project backing them or future plan attached to them. This should be a red flag for investors who are moved by what people say about coins. Investors should invest into coins with real project and purposeful coin, that alone will give you confidence in where your money is going.
 

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