Speaking on the August 25 episode of Game Theory of a Crypto Podcast, Three Arrows Capital CEO Su Joo revealed that he is interested in DOGE because the meme coin has generated more interest from blue collar workers than any other cryptocurrency on the market. Well, she has a powerful promoter – Elon Musk
The recently popular retail app Robinhood, which released its Q2 report, reported that 62% of the firm’s second-quarter crypto revenue came from DOGE trading (more than half, think about it!):
In turn, on July 19, Cointelegraph reported that the daily trading volume of DOGE in the second quarter reached almost $ 1 billion. By comparison, the average daily volume of a favorite meme coin in the first quarter was $ 74 million.
There is speculation that more sophisticated traders might steer clear of DOGE due to its meme-coin status and high volatility, but Zhu questioned the idea that “crypto must be serious” to be successful. He compared it to Ripple (XRP), which most recently faced a lengthy litigation with the US Securities Commission, but it is up 36,000% in 2017.
Recall that today dogecoin is trading for $ 0.28 and, as usual, needs a tweet from the founder of Tesla to take off.
Do you think it will appear soon?