Dogecoin, is a memecoin created in 2013. It suddenly became the talk of town when Elon Musk made a viral tweet about this coin last year. In last 30 days it s down by about 30% but has gained about 6,000% in the past year, due to wider cryptocurrency acceptance.
Recently, there was a spat on twitter between Elon Musk and Binance CEO.
The reason of this twitter war was nothing but dogecoin. This coin is suddenly getting a lot of importance from all across the investors. Elon musk just tweets the photo of a dog and the Dogecoin starts ranking up in the prices.
During this war of words, Musk called the binance behavior as suspicious. The exchange had restricted the withdrawals of dogecoin since last couple of weeks, which caused a panic in the dogecoin holders. However, it was a technical glitch which took a little more time to resolve. However, Zhao was no less than Musk on twitter, he hit back at Musk saying that even Tesla recalled its vehicles due to technical glitches.
I really feel sad to read such news.
These unnecessary news make this coin popular. Even in my office the 20 year old kids trade in the currency and give financial advise on how to derive exceptional profits on trading in doge.
But I never get to hear the name of hive anywhere. Forget the hive front ends, not even hive.
The coin which has no underlying application is making so much of noise, but the blockchain like Hive which has such a brilliant used case is generally ignored in the world of the crypto currency. Rather, #hive gets confused with either hive operating system or the company which is in the cloud based AI solutions. This becomes even more difficult for the hive evangelists to promote hive in the offline world.
In the world of the influencers, you can not deny the fact that to make the hive a household name it has to be backed by a significant influencer.