【DOGE is down 89%, and now I’m starting to take a serious look】
Honestly, if DOGE had fallen this far in the past, I probably wouldn’t even have batted an eye.
It’s a memecoin, a gambler’s toy. What does it have to do with me?
But this time, I took a serious look and found a few interesting things.
First, valuation. An 89% drop isn’t an ordinary pullback—it’s been cut off at the knees, then at the ankles. You can say it’s on the verge of going to zero, or that it’s extremely undervalued. The key is how you define DOGE’s value.
If you think DOGE is just a joke, then it’s not worth looking at no matter how far it falls.
But what if you look at it from another angle?
DOGE is currently one of the crypto assets with the lowest transfer fees in the world. There’s no staking lockup, and a block is produced every 10 minutes. Isn’t that exactly what you’d want for “everyday transfers”? Musk’s pitch for it back in the day boiled down to one core idea: use it to buy things and send money, at a much lower cost than traditional channels.
Stablecoin cross-border transfers are already 84% cheaper than traditional methods, while DOGE’s fees are an order of magnitude lower than stablecoins’. Have you ever thought about that?
So here’s the question: what does this mean in practice?
It means people working overseas who need to send money home to their families every month. They don’t care about DeFi or NFTs; they just want to send money home faster and with lower fees. How big is that market? The global remittance market is worth hundreds of billions of dollars a year. How much of it could DOGE capture?
I don’t know. But I do know that this need is real, and it’s growing.
At today’s price, combined with such low transaction costs, there’s a business case for DOGE to exist.
I’m not saying DOGE is going to skyrocket, and I’m not telling you to buy it. I’m just saying this: when you judge it by the standard of “can it actually work in practice,” it holds up better than most altcoins.
As for whether an 89% drop is an opportunity or a trap, my yardstick is simple: is anyone actually using it to solve a problem? If people are using it, it has value. If nobody is, then even at a bargain price, it’s worthless.
What do you think—does this logic hold up? Or are memecoins simply not worthy of a discussion about business fundamentals?
Honestly, if DOGE had fallen this far in the past, I probably wouldn’t even have batted an eye.
It’s a memecoin, a gambler’s toy. What does it have to do with me?
But this time, I took a serious look and found a few interesting things.
First, valuation. An 89% drop isn’t an ordinary pullback—it’s been cut off at the knees, then at the ankles. You can say it’s on the verge of going to zero, or that it’s extremely undervalued. The key is how you define DOGE’s value.
If you think DOGE is just a joke, then it’s not worth looking at no matter how far it falls.
But what if you look at it from another angle?
DOGE is currently one of the crypto assets with the lowest transfer fees in the world. There’s no staking lockup, and a block is produced every 10 minutes. Isn’t that exactly what you’d want for “everyday transfers”? Musk’s pitch for it back in the day boiled down to one core idea: use it to buy things and send money, at a much lower cost than traditional channels.
Stablecoin cross-border transfers are already 84% cheaper than traditional methods, while DOGE’s fees are an order of magnitude lower than stablecoins’. Have you ever thought about that?
So here’s the question: what does this mean in practice?
It means people working overseas who need to send money home to their families every month. They don’t care about DeFi or NFTs; they just want to send money home faster and with lower fees. How big is that market? The global remittance market is worth hundreds of billions of dollars a year. How much of it could DOGE capture?
I don’t know. But I do know that this need is real, and it’s growing.
At today’s price, combined with such low transaction costs, there’s a business case for DOGE to exist.
I’m not saying DOGE is going to skyrocket, and I’m not telling you to buy it. I’m just saying this: when you judge it by the standard of “can it actually work in practice,” it holds up better than most altcoins.
As for whether an 89% drop is an opportunity or a trap, my yardstick is simple: is anyone actually using it to solve a problem? If people are using it, it has value. If nobody is, then even at a bargain price, it’s worthless.
What do you think—does this logic hold up? Or are memecoins simply not worthy of a discussion about business fundamentals?