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Dogecoin Forum / Re: What is the future of the Dogecoin?
« Last post by enwi on Today at 11:47:46 AM »How can you say meme coin doesn't have too high a risk?? It's very ridiculous to see your comments about meme coins, Meme coins are the most dangerous altcoins and have very high risks. So far Dogecoin is still stable and if we discuss meme coins then there are many types of meme coins circulating and all of them have very high risks.We can't predict the future and I believe in DogeCoin the only problem is that it has unlimited coins unlike Bitcoin and other coins with limited supply.
Doge is the only meme coin ranked in the top 10 meaning many people support this project it can't reach this rank if no one supports dogecoin.
Also, even if it has an unlimited supply the price still depends on the demand and supply.
Many other meme tokens also have huge support from their community, not just Doge. By the way, Shib is currently ranked 11th and is probably the only meme token that can compete with Doge. It's worth noting that Shib already overtook Doge in market cap once, and I think it can happen again if Shib has some good news.
Even though Meme Coin has support from the community, it is not too risky to hold onto Meme Coin for the long term. because their project does not offer any useful projects for the crypto world. Doge can be used as a means of payment in several products, and has support from Elon Musk. Meanwhile, if we only depend on community support, that is not something that is strong. Because the community can move to another coin at some time.