Another factor listed is that Dogecoin would have to have some real-world utility. For Bitcoin, its use case has been as a store of value. On the other hand, Dogecoin has been pushed as a payment method, appearing on businesses like Tesla. But the meme coin is yet to garner mainstream usage.
Third on the list is institutional adoption; this would mean that Dogecoin would have to gain widespread institutional adoption as Bitcoin has, triggering massive inflows from big players. Adoption by companies through direct investment would propel its value, same as Bitcoin.
X Money Could Be The Answer For Dogecoin
