Dogecoin

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Ripple CEO Brad Garlinghouse recently criticized Dogecoin during his appearance at Consensus 2024, stating that it “hasn’t been a good thing for the crypto industry. However, Garlinghouse wasn’t negative towards Dogecoin, but he did question its utility proposing that cryptocurrencies must play some useful functions in other platforms, too. 
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 Ripple CEO Brad Garlinghouse I get a ton of shit when i say these things but I’m going to say it anyway, I don’t think Dogecoin has been a good thing for the industry. It’s about solving real Problems . 🏁 <a href="https://t.co/XMeEWaJz8O" target="_blank">pic.twitter.com/XMeEWaJz8O</a>— 𝗕𝗮𝗻𝗸XRP (@BankXRP) <a href="https://twitter.com/BankXRP/status/1796553156463317338?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 31, 2024</a>
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This is not the first time Garlinghouse has targeted Dogecoin. In January, he <a href="https://x.com/DROPZXRP/status/1748036578566406565" target="_blank" rel="noreferrer noopener nofollow">expressed</a> similar sentiments at the World Economic Forum, arguing that apart from Elon Musk’s involvement, he saw no purpose or use case for the meme coin. 
Co-founder Billy&nbsp; Markus <a href="https://x.com/Samthe34041833/status/1473637432646148108" target="_blank" rel="noreferrer noopener nofollow">argued</a> that Dogecoin is essentially the same as Bitcoin, with minor differences such as its dog mascot and slightly varied parameters. The Dogecoin community has been very supportive of the meme coin and its usage even though there is no main utility traded for its fame and association with Elon Musk. 
Garlinghouse’s comments have re-opened the conversation while some consider them as fun and a way to teach new individuals more about the world of cryptocurrencies, others argue that they contribute to the industry having an unprofessional appearance and block the progress of introducing cryptocurrencies to the wider audience 
Crypto enthusiasts and analysts are debating whether Dogecoin could reach the $1 mark in the current market cycle, given its past performance and the ongoing evolution of the crypto market. 
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 Dogecoin is still only 15 cents Last cycle it reached 74 cents, which is a 5x from here. The prophecy says doge is going to $1 Do you think doge gets to $1 this cycle? <a href="https://t.co/jnHPDskBPi" target="_blank">pic.twitter.com/jnHPDskBPi</a>— borovik (@3orovik) <a href="https://twitter.com/3orovik/status/1796610166718149047?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 31, 2024</a>
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In addition to his criticism of Dogecoin, Garlinghouse also predicted that the U.S. Securities and Exchange Commission (SEC) would approve exchange-traded funds (ETFs) for various altcoins, including XRP, Solana (SOL), and Cardano (ADA). He believes the policy is “inevitable” and will help bring acceptance to the crypto industry. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/31/ripple-cto-david-schwartz-denies-satoshi-nakamoto-claims/" target="_blank" rel="noreferrer noopener">Ripple CTO Trolls With ‘Proof’ He’s Not Satoshi Nakamoto</a> 
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Ripple CEO Brad Garlinghouse Criticizes Dogecoin’s Utility

The Crypto Times

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