GODE coin rises to BTC level!
Everyone says that his DOGE coin will reach the sky after Musk's support for it and that its price will reach thousands of dollars 😆😅🤣
Artificial intelligence responds to you and tells you the painful truth??
Trump’s creation of a committee and Elon Musk’s moves are unlikely to push Dogecoin’s value to be similar to Bitcoin’s. There are several reasons:
1. Technical factors and demand: Bitcoin has a special status due to its limited supply (only 21 million coins), while Dogecoin has a much larger supply and can be mined unlimitedly, making it less valuable than Bitcoin in the long run.
2. Adoption and Usage: Bitcoin has a large user base as a store of value and a means of financial transfers, while Dogecoin is mostly used as a recreational currency or for small transactions, and does not have the same level of adoption as a long-term store of value.
3. Institutional Support: Many financial institutions and large companies rely on Bitcoin in their transactions or investments, which enhances its value. In contrast, Dogecoin still lacks this kind of major institutional support, despite the interest of figures like Musk.
While Dogecoin may see temporary spikes with any major announcement or support from Musk, surpassing Bitcoin in price or recognition will require significant development in its infrastructure and greater market adoption.
.. Temporary increases .. Focus, Uncle Hajj
Underline the word temporary