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DogeCoin Now Has The 4th Biggest Market Cap Of Any Cryptocurrency

Do you consider Dogecoin a legitimate investment or another pump and dump scheme likely to fail in the near future?

Is Dogecoin a legit investment
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๐Ÿฑ Off-Topic
โ˜๏ธ Software Tech
๐Ÿ’ธ Investing
3
softwaresails
Politicker
+4
Sales Manager
From what Iโ€™ve read there are about five wallets that hold about 80% of doge.ย 

Not here to say whether or not itโ€™s a bad investment but that is crazy if true.ย 

**Disclaimer: I have no idea how true that statement is.ย 
Chep
Politicker
+8
Business Development Representative
If that is true that is nuts. I thought it was like 30% 80% would be horryifying
softwaresails
Politicker
+4
Sales Manager
Alright whatever I saw before wasnโ€™t quite right but it was close.ย 

https://www.google.com/amp/s/beincrypto.com/68-dogecoin-supply-top-100-wallets-coin-metrics-data/
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CuriousFox
Arsonist
+10
Senior Account Executive
I don't know but it sure is fun to watch!ย 

I need to research blockchain more because I don't understand it enough to have a sufficient conversation.ย 
Chep
Politicker
+8
Business Development Representative
Agreed, I've had a great time watching it rise and people on Reddit constantly talking about it
CaneWolf
Politicker
+11
Director of Business Development
This all continues to prove that there is way too much capital chasing gains. This is what happens when the gains that used to go to the middle class goes to an ever smaller group.
Chep
Politicker
+8
Business Development Representative
Yes, and I think the fact that governments all over the world printed money like it was their job has led to these massive gains in crypto
StickToTheProcess
WR Officer
+7
AE
I looked at it at $.02 and did nothing.ย  Watched it go to $.07, still nothing.ย  Finally bought in at $.33.ย  #feelsbadman #kinda
Chep
Politicker
+8
Business Development Representative
Feel you there brother. Bought 10 bucks worth at 5 cents at coin on the early spike felt like I missed the boat but was like whatever I'll put some in and now all I think is what if I yoloed 100, but hey hindsight is 2020 and if you got in at 33 you have almost doubled so just got to focus on the silver lining
Lambda
Politicker
+5
Sales Consultant
there is NO way it will survive. What does it actually do?!
Chep
Politicker
+8
Business Development Representative
From what I've read online it was created for people to tip other people on the internet who create memes, art, music, etc, and now I'm hearing rumors amazon might start accepting it as fiat which would probably shoot it past a dollar if this happens
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