Dogecoin on IG any time soon?

[Caseynotes]

With a market cap approaching 2 billion is this the next Ripple? Hopefully a clue to the answer is in the title of this article from Leaprate. File under 'some people will buy anything'.

 

https://www.leaprate.com/cryptocurrency/tokens/created-joke-coin-now-total-worth-2-billion/

 

 

[JamesIG]

This is a bit mental isn't it.

 

I believe there is some really ground breaking technology which could change how a number of industries function over the coming years (especially in finance - think near instant stock transfers, immediate settlement of stock and FX etc), but there are also some incredibly irrational actors in plat  such as this. What are your thoughts? And I know  will have some views on this too...

 

Needless to say, at this point I doubt we'd be adding Dogecoin any time soon...

[Caseynotes]

The amount of money that is being thrown around is indeed incredible. The underlying blockchain or variation thereof seems to have a real future but the coinage issue looks to have many issues yet to be resolved. Bitcoin with it's mining and forking problems may not necessarily emerge as a clear winner and given the speed of development of the sector and the potential for the very sudden introduction of a completely new innovation could leave everything on the table at the moment valueless.