As doge soars 45% in a day, the question of how to interpret its success is more pertinent than ever.
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?
See also: Dogecoin Record Rally Is No Joke, VC Firms Can’t Get Enough of Crypto and More
Image credit: popular crypto meme, modified by CoinDesk