Dogecoin (DOGE), which started as a joke but was backed by US billionaire Elon Musk, now stands out as the largest memecoin.
At this point, 21Shares, one of the global asset management companies, drew attention to the success of Dogecoin and claimed that it is an asset beyond a memecoin.
“Dogecoin is not just a meme, it is a movement.
DOGE took this ephemeral currency of the web and turned it into a permanent asset not by following trends, but by embedding itself into the fabric of online culture.”
Noting that DOGE is not a typical cryptocurrency, 21 Shares noted that it does not have a groundbreaking protocol or a meticulously designed roadmap but something stronger: community interest.
Stating that DOGE draws its power from the community, 21 Shares stated that DOGE is gradually becoming more mainstream.
“With a staggering return of over 130,000% over the last decade, or 127% annually, Dogecoin (DOGE) is among the top 25 best performing cryptocurrencies of the past 10 years and has quickly become a $30 billion asset adopted by millions.
“Backed by fast and low-cost transactions, a vibrant grassroots community, and growing acceptance from mainstream platforms like Tesla, AMC, and Newegg, Dogecoin continues to strengthen its retail appeal and real-world utility.”
21 Shares recently noted that with millions of holders worldwide, Dogecoin has solidified its place as the original memecoin. DOGE’s approachable, community-led ethos has brought countless first-time investors into the digital asset space.
*This is not investment advice.
