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21Shares' Highly Anticipated Dogecoin (DOGE) Report! "Not Just a Memecoin, Its Power...."
Initially started as a joke, but now supported by the American billionaire Elon Musk, Dogecoin (DOGE) is now emerging as the largest memecoin.
At this point, global asset management company 21Shares highlighted the success of Dogecoin, claiming that it is an asset beyond a memecoin.
21 Shares stated that DOGE is not a typical cryptocurrency, noting that it does not have a groundbreaking protocol or a meticulously designed roadmap, but rather possesses something stronger: community interest.
21 Shares, stating that DOGE draws its strength from the community, noted that DOGE is becoming increasingly mainstream.
"In the last ten years, Dogecoin (DOGE) has achieved an incredible return of over 130,000% or an annualized return of 127%, making it one of the top 25 performing cryptocurrencies of the last decade and transforming into a $30 billion asset rapidly adopted by millions."
Fast and low-cost transactions, a vibrant community, and increasing acceptance by mainstream circles such as Tesla, AMC, and Newegg continue to bolster Dogecoin's retail appeal and real-world utility.
21 Shares recently stated that Dogecoin has solidified its place as the original memecoin with millions of owners worldwide. DOGE, with its approachable, community-led ethos, has brought countless first-time investors into the digital asset space.