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Tuesday, June 11, 2024
HomeCryptoRipple CEO Says Dogecoin Is 'Not a Good Thing' for Cryptocurrency

Ripple CEO Says Dogecoin Is ‘Not a Good Thing’ for Cryptocurrency

So far, the meme coin market has seen a spike in interest throughout 2024. However, to date, DOGE has not been seen being dethroned as the leading asset in the segment. there. In contrast, Garlinghouse has targeted the token for its lack of utility and overall growth.

Ripple CEO talks about Dogecoin

The digital asset market is an ever-growing industry committed to the expansion of cryptocurrencies and the new generation of finance. What makes it interesting is that projects continuously target different areas of growth and offer different opportunities to many participants.

However, this diversity can sometimes cause disagreement among those working to promote the well-being of the industry as a whole. That appears to have happened with Ripple CEO Brad Garlinghouse, who recently took aim at Dogecoin. Specifically, he talks about his perception of the asset’s negative influence on the crypto asset class as a whole.

“You know, I feel really uncomfortable saying these things, but I’m going to say them anyway. I don’t think Dogecoin is a good thing for the industry,” Garlinghosue said. However, he also assured that he is “not against Dogecoin” but explained, “I don’t know what the use case is.”

That same question is often the reason many in the industry question Dogecoin’s value. Cryptocurrencies have given birth to the meme coin market and created the opportunity for many similar joke currencies. For a company like Ripple, committed to cross-border payments accessibility and the use of these digital assets, it can be a point of contention when looking at DOGE and other meme coins. .

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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