Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

# Is there still hope for DOGE in 2024? The awkward situation of old coins



BTC and ETH have soared this year, but DOGE has been stagnant - down 36%. This old coin, born in 2013, was originally a joke, but now it has become the most active meme coin (market cap of $30 billion).

The question arises: **Why is DOGE still alive?** The answer is simple and straightforward - it's because of its fan base. Since the Trump election and Musk's support, DOGE has been hyped up. This indicates that although it has no practical use, there are people who believe in it.

But this does not mean it can be invested in. The price of Meme coins is driven by FOMO and hype, with no fundamental support. Analysts bluntly say: DOGE may survive for another 5-10 years, but it is likely to depreciate. You can play with meme coins, but don't expect to make money from them. If you really want to allocate in crypto, looking at BTC and ETH is the serious matter.

**Summary in one sentence**: DOGE is the Shell of the coin world - it's alive, but has no prospects.
DOGE-1.18%
BTC-0.33%
ETH-0.64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)