@legalmassdeal
Despite its popularity, Dogecoin faces significant challenges in achieving widespread utility. Its primary obstacle is the lack of technological innovation compared to other cryptocurrencies. Unlike Ethereum, which powers decentralized applications (dApps), or Bitcoin, which is viewed as a store of value, Dogecoin has limited use cases outside of social and community-driven efforts. Its inflationary supply model also undermines its long-term viability as a hedge against inflation. Additionally, Dogecoin has not attracted as much development activity or institutional investment as other more functional blockchains, limiting its broader adoption in the financial sector.
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