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BREAKDOWN: Is Dogecoin at $0.58 a Triumph or an FU to the Crypto Industry?

CoinDesk Podcast Network


As doge soars 45% in a day, the question of how to interpret its success is more pertinent than ever.

This episode is sponsored by, and Genesis Trading.

NLW asked his Twitter followers about what the success of dogecoin meant to the crypto industry. He got an extremely diverse set of takes. Some see it as a triumph of crypto’s uncontrollability. Some see it as a triumph of the underlying bitcoin tech working on a forked chain that hasn’t had much maintenance in years. 

Others see it as a damning indictment of the market as a whole; something that shows what a joke the whole industry is. 

Which is it? Can it be both?

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Click here to read the Genesis Q1 2021 Digital Asset Market report. To learn more about Genesis, click here. To learn more about Genesis Prime, their prime brokerage offering, click here. The information provided in this communication does not constitute investment advice. Please see this link for important disclosures.


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Image credit: popular crypto meme, modified by CoinDesk

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