Viewpoint: Dogecoin is no longer a "tricking currency"
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18 hours ago 8,499
Golden Finance reported that according to the Global Network, the Indian Express published an article titled "Dogcoin is no longer a "tricking currency", which pointed out that two software engineers launched a cryptocurrency, "Dogcoin" in 2013 ( Virtual currency with dog emoticons), its appearance means the fusion of memes (emoticons) and Bitcoin, and also marks the birth of memes. What the engineer did not expect was that while joking, "Dogcoin" later became a commonly used online trading coin for people. American billionaire Elon Musk expressed his support for it in 2023, and then the valuation of "Dogcoin" soared. As of January 2025, its market value had been several tens of billions of dollars.
Under the influence of celebrity effect and other factors, various meme coins (emoji coins) have flourished. US President Trump launched his own meme coin, which has his photos and slogans "Fight, Fight, Fight" printed on it, attracting public attention, and its market value soared to billions of dollars. As a public figure, Trump has been criticized by many for being reckless for this - the meme currency market is volatile, and in the absence of effective supervision, the market does not have a complete protection mechanism, and investors are at risk of huge property losses.
With such high volatility and high risk, why are there so many people rushing to meme coins and investing wildly? Research by JPMorgan Chase Group shows that in the past decade, people under the age of 40 have more than tripled their monthly investments. However, the financial system has certain thresholds, with many industry concepts and terms, which are not very friendly to investors with less experience, and cryptocurrencies do not have this problem. At the same time, its rapid return feature has further attracted people to the end. invest. Although the meme coins market is hot, it remains to be seen how far it can go in the future. Relevant regulatory agencies should introduce corresponding policies to regulate various cryptocurrencies. At the same time, investors should further learn, understand financial tools, and avoid investment risks.