The Man of The People Has Spoken...

Is it time for DOGE to shine? Well, we'll have to see about that, but since we're in the middle of a bull market (yeah, we are that far from the bottom) and Elon Musk started shilling it again, then we should expect the meme of all memes to make strides once more.

Back in 2020, when Elon started tweeting about it and called it the currency of the internet, which would take over other currencies (basically the world), it took DOGE something like half a year to score a 400X and peak at around $0.7. Back in late 2023, if I'm not mistaken, Elon Musk even made the DOGE logo X's logo, but that didn't move the market much for DOGE.

Now, after the meme coin already nailed a 300% rally from its bottom, Elon talked about DOGE in public again. Last night, a short clip surfaced with Tesla's founder carrying his son on his shoulders at a speech in Germany (I guess), where he was asked if and when he will allow DOGE payments for Tesla.

The answer was: "we should definitely do that at some point." He didn't say when and how that will happen, but he clearly left room for approval. Rumors were that he would integrate DOGE into Twitter somehow this year, but so far, we have no official statement in that regard.

X has kept on getting approvals for becoming a money transmitter company, basically turning into an everything app as Elon likes to call it, with which one could initiate calls, transact, make payments, and interact with the world. So far, all we have are rumors and a few approvals for making X an app that can deal with money/crypto transfers.

We'll see what comes next. But why DOGE, some would ask... Why is Elon so determined about endorsing DOGE? Well, he said it pretty clear in his latest mention about DOGE: he was asked by his employees at Tesla and SpaceX to endorse it, and that's what he did. He considers DOGE the currency of the people, and he acts as if he is supporting the people and working to make the world a better place.

While other rich guys support Bitcoin, he decided to go with DOGE...

Personally, I have been a fan of DOGE since 2018. I have multiple times over the past held DOGE throughout time, but I never owned a million DOGE. I missed life-changing chances with DOGE, and the reasons why this thing is one of my favorite cryptocurrencies is because it is lightning-fast, has cheap fees, a great community, and a joke that makes a lot of sense.

Dogecoin is inflationary. The inflation ratio is decreasing over time, but it will still inflate, that's for sure, unlike Bitcoin, which will only have 21 million coins in existence. But at the end of the day, if we see value in Hive, an inflationary token as well, why would DOGE not have value?

The community of DOGE is, for sure, a strong and big one; the blockchain is working flawlessly, and it is a fork of a fork of a fork of Bitcoin. I don't know how many of you know, but DOGE stems from Luckycoin, which is a fork of Litecoin, which is a fork of Bitcoin.

At the end of the day, to me, Bitcoin is a shitcoin as well as DOGE. They both have as much value as we give 'em. Bitcoin is capped at 21 million coins, while DOGE is inflationary (nothing to worry about). While the population is increasing and getting poorer and poorer, access to Bitcoin will be harder and harder, thus DOGE is the currency of the people (thanks to being so accessible).

We don't know how high DOGE will get this cycle, maybe a dollar, maybe two, or more, but to be honest, I would sure love Hive having a master shiller like DOGE has. Getting the proper exposure as a crypto project matters a lot. If Hive would have ten percent of the exposure DOGE has, we will be in the top 50, hands down.

Maybe one day, who knows...

Thanks for your attention,
Adrian