I've seen that there is a trend around the forum labeling Dogecoin as a meme coin, something that has not other meaning that being an object of Musk's tweeting material, that is has no "good project" whatever that means, so, it's time for a reality check:
1) Dogecoin is one of the most used coins out there, in number of transactions per day it goes most of the times beyond what Bitcoin and Ethereum combined have
2) Despite the volume it's one of the cheapest and fastest coin to transfers value with looking at the last 24 hours average fees:Bitcoin Avg. Transaction Fee 0.00011 BTC ($7.74)
Ethereum Avg. Transaction Fee 0.006 ETH ($23.41)
Dogecoin Avg. Transaction Fee 0.157 DOGE ($0.027)
Yeah, that's 2 cents on averge!
3) It's one of the most used coins and one of the few that are present in most Bitcoin ATMS:25% of all ATMs suport Dogecoin, only 10% support Tether:
4) Want to buy something, then dogecoin is the choice, let's look at the major processors:https://support.bitpay.com/hc/en-us/articles/203411543-What-currencies-can-I-use-to-pay-a-BitPay-invoiceWe support payment in the following cryptocurrencies:
- Bitcoin (BTC: on-chain, off-chain with Coinbase, and Lightning)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Wrapped Bitcoin (WBTC)
- Dogecoin (DOGE)
- Litecoin (LTC)
- Shiba Inu Coin (SHIB)
- Apecoin (APE)
- 5 USD-pegged stablecoins (GUSD, USDC, USDP, DAI, and BUSD)
- Euro Coin (EUROC) I A Euro-Backed Stablecoin
- Polygon (MATIC)
The memecoin is there, the "good projects" are weirdly not listed /s
Let's look at Coinbase commerce:
https://www.coinbase.com/commerce/faqWe currently support ApeCoin, Bitcoin, Bitcoin Cash, DAI, Dogecoin, Ethereum, Litecoin, SHIBA INU, Tether and USD Coin.
We also support MATIC, USD Coin, and Wrapped Ether (WETH) on Polygon.
Again doge, but a lot of "good projects" are again missing!
5) You want to play in a casino, well the meme coin is definetly there, just an example:https://help.stake.com/en/articles/7980790-acceptable-networks-for-cryptocurrenciesor sportsbet
https://sportsbet.io/help-centre/help-payments/help-payments-using-crypto/what-cryptocurrencies-do-you-supportWe support Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), Tron (TRX), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Binance Coin (BNB), USD Coin (USDC), Polygon (MATIC) and The Open Network (TON).
Again doge is there!
6) Social media?Top crypto reddit forums:
Subreddit Rank by Size Community Size
r/CryptoCurrency 1 6.5 million
r/Bitcoin (BTC) 2 5.5 million
r/ethereum (ETH) 3/4 2.3 million
r/ethtrader (ETH) 3/4 2.3 million
r/dogecoin (DOGE) 5 2.2 million
~
r/cardano (ADA) 12 689k
~
r/solana (SOL) 25 160k
~
r/algorand (ALGO) 39 76.4k
So stop treating one of the most used, most accepted and with biggest social media presence coin as a meme coin!