Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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May / 04
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- Dogecoin (DOGE) Founder Raises Concerns Over SocialFi’s Future: Is the Crypto Market at Risk?
- May 03, 2024 at 12:42 pm CoinOtag
- Dogecoin founder Billy Markus cautions against the potential bubble in the SocialFi sector, where social media and DeFi converge. Markus draws parallels to the dot-com boom and bust cycle, emphasizing that the hype surrounding SocialFi may be outpacing the actual capabilities of these platforms.
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- Will SocialFi Fizzle? Dogecoin Founder Sounds The Alarm
- May 03, 2024 at 12:27 pm Bitcoinist
- SocialFi, a convergence of social networking and cryptocurrency, gains traction, promising user empowerment and decentralized platforms. The recent debate between Dogecoin creator Billy Markus and a SocialFi advocate highlights concerns about user engagement, with Markus questioning the sustainability of platforms beyond financial incentives. Industry experts remain cautiously optimistic, acknowledging the potential to address issues plaguing traditional social media but emphasizing the need for compelling value beyond novelty. As the market capitalization of SocialFi stands at $1.33 billion, the anticipated launch of friend.tech's native token sparks anticipation, raising questions about the movement's long-term potential.
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