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There isn't DOGE adoption. The opposite is happening. Daily transaction count (15k) is the lowest since 2017.

All Cryptocurrencies

by COINS NEWS 214 Views

https://bitinfocharts.com/comparison/dogecoin-transactions.html#alltime

This is why DOGE was nothing else than FOMO and viral investing. This is why DOGE will fall from the Top10. Will it come back? Sure, after crashing to 1 cent, the viral cycle can start again. And it will be temporal again.

15474 transactions. The lowest in almost 4 years, in the middle of a bull run. We had 20-30k transactions in 2018-2020, during the crypto winter.

How many transactions other chain process?

  • Cardano 80k
  • Bitcoin Cash 100k
  • Litcoin 150k
  • Avalancha 170k
  • Bitcoin 250k
  • Tezos 300k
  • Ethereum 1.2M
  • Algorand 1.3M
  • Fantom 1.5M
  • Polygon MATIC 5.5M
  • Binance Smart Chain 9M
  • Solana 15M (not counting votes)

Most of these chains are doing transactions not far away from their ATH. DOGE ATH happened in 2013. 8 years ago!! after that, it had 8 Pumps and 7 dumps. The 8th dump is happening right now. The code is a fork of a fork of Litecoin done in 2013, and it hasnt improved sifnicantly since then. It doesnt have the throughput to be a global payment system. Elon just loves the attention and the marketing points. After being in the media so long time, adoption decreased. Investors multiplied by 10, by almost none of you are actually using it, just investing for the profits.

Invest as you will, just be aware, that those funds could be lost. Don't invest more you can afford to lose.

PS: Why do I attack DOGE? Because I think it's a distraction for Crypto and damage its credibility. Hundreds of thousands of people will be burnt in this FOMO, and will distrust crypto in the future. It has provided ammo to skepticals, and the reputation damage will take time to repair. Shiba, RocketCum, and many other shitcoins, are the worst of this space.

submitted by /u/GranPino
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