No products in the cart.
- Latest
- Trending
ADVERTISEMENT
The host of popular YouTube channel Coin Bureau is weighing whether Dogecoin (DOGE) is ready for real-world use cases, thanks to Elon Musk’s Twitter hijack.
In a new video update, the pseudonymous Coin Bureau host Guy To tell His 85,900 subscribers explain how Musk can usher in a new era for DOGE by “freeing the birds.”
Can you see Bitcoin HODLers opening their wallets and using BTC on Twitter? I dont know. And like it or not, BTC is now digital gold. And, as Gresham’s Law states, the more valuable something is perceived, the less likely people are to want to use it.
On the other hand, DOGE’s abundance means people are much more likely to actually use it than hoard it. And of course, using DOGE and other cryptocurrencies has many advantages over fiat currencies. First, Twitter does not need to set up dozens of specific payment gateways around the world to use freely available internet-based currencies.
Most exchanges support DOGE, probably second only to Bitcoin in terms of awareness. Most people may not know the details, but chances are they’ve at least heard of them.
We also have low DOGE sticker prices. This means that many people new to cryptocurrency will find it more comfortable to use than something like BTC. “
Guy looks at DOGE use cases on Twitter and speculates that it could be used to pay for premium user blue checks, like subscription services that reduce the social media giant’s reliance on advertising revenue.
All of these factors, along with others, have combined to create DOGE’s current price increase, according to Guy. But even though Dogecoin is up 133% over the past seven days, Guy said he thinks DOGE is so overbought that the rise could taper off soon. I’m here.
As of this writing, DOGE is changing ownership for $0.139.
Me
Don’t miss a beat subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
 
Generated image: DALLE-2
