I must say it’s been difficult to see this slide. There is to much positive activity and sentiment to get out.
It’s ALL Risky on Twitter sent out a well written email last night that summer uses well why doge is a excellent coin to invest in.
Here is just a portion:
Dogecoin fits all the facets of internet culture.
Dogecoin is based on a meme, its logo is a cute dog, and its community is primarily composed of retail investors (the same “Robinhood investors” that rallied the GameStop rise).
Dogecoin is also ironic, which means that it’s anti-establishment, and this is where Dogecoin takes the torch from the anti-hedge-fund passion that Wall Street Bets came to personify.
Dogecoin works because it was born from the internet and belongs to the people, not institutional investors.
Institutions and establishment figures won’t touch Dogecoin, let alone consider its virtues, because it goes against the status-quo and until now was considered just a “joke”.
But the joke is on the mockers and laughers, as we’ve seen this week from Dogecoin’s meteoric rise.
It seems that this is only the beginning of a new financial paradigm — the sought after decentralized dollar has been under our noses this entire time.
Due to its practicality, irony, and its genesis from the depths of internet culture, Dogecoin, a dog-inspired meme coin, is gearing up to be the inevitable future currency of the internet — the greatest meme of all time.
The table for this monetary paradigm had been set early by the one and only Elon Musk, who had been posting Dogecoin memes for over a year.
Elon, a renowned engineer, entrepreneur, and frankly, polymathic genius, had always been fond of Dogecoin, which until now was just a counter-culture joke-coin.
Anyone paying attention to Elon’s Twitter account, however, could see that he seemed to be leaving subtle clues about Dogecoin’s future.
It was like Elon realized that Dogecoin had ironic utility that other folks hadn’t seen yet.
After all, as Elon explained, fate loves irony.
Elon went on to claim that Dogecoin was “the people’s crypto”, further stoking the fire of anti-establishment fervor that had been swept under the societal rug from the GameStop phenomenon.
Dogecoin was the movement that GameStop was trying to be, and it seems like Elon saw this when others didn’t.
What’s more, Elon vowed to give his “full support” to Dogecoin if certain conditions were met, and we have yet to see the extent of what he may have meant.
I believe that that Dogecoin is just getting started.
Going to a dollar is built into the meme — it’s basically a self-fulfilling prophecy at this point — and with increased accessibility and eventual utility, Dogecoin has the chance to be the dog-themed decentralized dollar for internet commerce everywhere.
Right now, Dogecoin is hard to ignore.
Currently resting in the Top 10 Cryptocurrencies by Market Cap, Dogecoin has the attention of brands, exchanges, and investors worldwide.
Coinbase will eventually list the coin, and Robinhood will release wallets to allow it to be used for purchases.
More brands will accept it as payment through processing platforms like BitPay, and its only a matter of time before it’s available for use on services like Venmo, CashApp, and Apple Pay.
Memes will continue to be made about Dogecoin, and the communities centered around it will continue to grow in strength and numbers.
Elon may even get a Shiba Inu dog and literally send Dogecoin to the moon, which would further “break the internet” and shake the paradigm of what we consider money to be.
With meme-power, anti-establishment fervor, and Elon’s support, along with an eventual Coinbase listing and Robinhood releasing wallets, Dogecoin’s rise is only just beginning.
Strap in, — we may be headed for the moon.
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