How is Dogecoin, which was very popular some time ago, doing now? #狗狗币崛起

In other words, Dogecoin is just Old Ma's personal ATM.

This time it hasn't performed well; it's falling rather than rising, breaking new low records every day, dropping faster than free fall, and when it does recover, it crawls up like a turtle climbing a hill, even struggling to maintain $0.4. It's possible that the big investors have already run away and don't have faith in this coin that's relying on hype.

Bitcoin is still the hardcore one; the value of Dogecoin is entirely propped up by self-media bloggers and news media hype, with very little actual use. It's also a continuously inflationary currency; what's the difference between that and the indiscriminate printing of fiat currency? Clearly, it's just a tool for institutions to harvest retail investors.

But fortunately, there’s Musk. His influence in the crypto world should not be underestimated. If he calls out, or if he takes 200 people to use Dogecoin on Mars during Trump's visit, it might start to rise again. But once the hype is over, it will probably just go back to where it was.