I think it's an interesting development. But I am not too optimistic about the future of dogecoin. I think there is no serious project team behind the coin. But I hope its investors will experience the days when they will earn good returns.
To be honest, I was also skeptical about the project and the fact that I read somewhere it was abandoned but these are good days for the coin, so investors can enjoy it while it lasts.
The developers should work to improving the value of the already existing doge to compete with coins like ethereum, litecoin and bitcoin cash .
This has been my stand on dogecoin , they shouldn't depend on tweets from Elon musk who is not a share holder in the coin . People needs to be convinced to invest in dogecoin
There is no developer for dogecoin, all holders and miners are themselves.
People follow their idols, they follow those who are well planned, remember Signal company. We cannot tell people to not to decide on any Businessman's tweet, it is pure their own decision.
Sure ,but this issue of dogecoin acceptance has some factors promoting it , such as the promotion of dogecoin by Elon Musk ,otherwise other cryptocurrency could have been used as well
That's why marketing is everything. Now. If any big media person talks something positive or negative about bitcoin or another crypto it will directly impact cryptos. If these promotions come often, awareness of crypto will increase in the normal peoples.
There are already established coins that promotion cannot really affect irrespective of what happens. In the end we will have people investing in them because they worth it.
The coin has been very stagnant since the last surge, most people taught it could reach 10 cents but unfortunately it has not cross 6 cents.
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