{"id":48372,"date":"2021-12-06T02:12:33","date_gmt":"2021-12-06T07:12:33","guid":{"rendered":"https:\/\/euvolution.com\/open-source-convergence\/uncategorized\/dogecoin-news-is-it-a-good-investment-does-it-work-long-term-deseret-news.php"},"modified":"2021-12-06T02:12:33","modified_gmt":"2021-12-06T07:12:33","slug":"dogecoin-news-is-it-a-good-investment-does-it-work-long-term-deseret-news","status":"publish","type":"post","link":"https:\/\/euvolution.com\/open-source-convergence\/cryptocurrency\/dogecoin-news-is-it-a-good-investment-does-it-work-long-term-deseret-news.php","title":{"rendered":"Dogecoin news: Is it a good investment? Does it work long-term? – Deseret News"},"content":{"rendered":"

Dogecoin a meme-based cryptocurrency might not be so good for the crypto token market, according to Ripple CEO Brad Garlinghouse.<\/p>\n

Dogecoin is a cryptocurrency coin that earned a lot of its support through social media, relying on memes tied to the shiba inu dog (it later spawned a spin-off cryptocurrency based around the dog, called Shiba Inu coin).<\/p>\n

Garlinghouse, the CEO of global payment company Ripple, said the cryptocurrency market has boomed recently because of inflation, but hes not sold on every coin.<\/p>\n

Garlinghouse said Dogecoin relies too much on hype to prove successful.<\/p>\n

Johnny Lyu, the CEO of the worlds third-largest crypto exchange KuCoin, has made the case, though, that meme-based cryptocurrencies can be good long-term investments, as I wrote for the Deseret News.<\/p>\n

Lyu said that meme-based cryptocurrencies are sparked by young investors, which might be a way theyll succeed in the long haul.<\/p>\n

<\/p>\n

Originally posted here:
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Dogecoin a meme-based cryptocurrency might not be so good for the crypto token market, according to Ripple CEO Brad Garlinghouse. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[869],"tags":[],"class_list":["post-48372","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts\/48372"}],"collection":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/comments?post=48372"}],"version-history":[{"count":0,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts\/48372\/revisions"}],"wp:attachment":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/media?parent=48372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/categories?post=48372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/tags?post=48372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}