This site uses cookies to ensure you get the best experience. Learn more

Sign up or log in to follow your favorite podcasts and listen to episodes!

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

CoinDesk Podcast Network

14min

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 Nexo.io,NEAR.org 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?

-

Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.

-

NEAR.org - Infrastructure for innovation. NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains.

-

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.

-

Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!) 

-

Image credit: popular crypto meme, modified by CoinDesk

Disclaimer: the content and artwork of this podcast are the property of its owner and are not affiliated with nor endorsed by Audiotrails.