According to a report from Jinse Finance, the official Dogecoin X platform has responded that regulatory bodies no longer consider Dogecoin as a Memecoin. The Dogecoin official stated that this situation is similar to scientists no longer considering Pluto as a planet. Community members pointed out that Dogecoin has payment functionality, utility as a currency, characteristics of Blockchain technology, and tokenization. Besides stablecoins, Dogecoin currently ranks in the top seven in market capitalization for Crypto Assets and continues to rise. The community believes that true value comes from utility and community, and Dogecoin excels in both aspects.
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Dogecoin official response to regulators no longer considering Dogecoin as a Memecoin
According to a report from Jinse Finance, the official Dogecoin X platform has responded that regulatory bodies no longer consider Dogecoin as a Memecoin. The Dogecoin official stated that this situation is similar to scientists no longer considering Pluto as a planet. Community members pointed out that Dogecoin has payment functionality, utility as a currency, characteristics of Blockchain technology, and tokenization. Besides stablecoins, Dogecoin currently ranks in the top seven in market capitalization for Crypto Assets and continues to rise. The community believes that true value comes from utility and community, and Dogecoin excels in both aspects.