News View Non-AMP

Is Dogecoin USELESS? Ripple CEO Brad Garlinghouse Thinks So!

Published by
Mustafa Mulla

Is Dogecoin just an online joke, or is it a serious player in the world of finance? The future of this meme-inspired cryptocurrency is up for debate after Ripple CEO Brad Garlinghouse threw some shade its way at the recent Consensus 2024 conference. Garlinghouse’s comments highlight a growing question in the crypto world: should these digital currencies have a real purpose beyond just speculation?

Read on to find out why Dogecoin is in the hot seat, and what it means for the future of crypto.

Ripple CEO Criticizes Dogecoin

Brad Garlinghouse didn’t hold back his views on Dogecoin during his speech at Consensus 2024. He expressed skepticism about Dogecoin’s popularity, criticizing its lack of a clear use case.

“I get a ton of s**t 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.”

Brad Garlinghouse

Garlinghouse challenged the Dogecoin community to present significant projects built on its blockchain. He argued that the future of the cryptocurrency industry should focus on practical applications rather than speculation.

A Call for Real-World Utility

This critique isn’t new for Garlinghouse. Earlier this year at the World Economic Forum in Davos, he questioned Dogecoin’s utility, aside from high-profile endorsements like those from Elon Musk.

“Other than Elon Musk as the central actor, I don’t see the use case and purpose,”

Dogecoin’s Origin and Popularity

Dogecoin began as a joke, designed to be more fun and accessible than Bitcoin. Despite its humorous origins, it quickly gained a large following, boosted by endorsements from celebrities like Elon Musk and Snoop Dogg. In 2021, Dogecoin’s price soared to over $0.70, making it one of the top cryptocurrencies by market cap.

Community Reaction

Despite Garlinghouse’s criticism, the Dogecoin community remains fiercely loyal. Some members even suggest that Dogecoin could surpass Ripple’s XRP in market cap, especially after recently overtaking Cardano.

While Dogecoin enjoys widespread popularity, Garlinghouse’s comments highlight the broader need for cryptocurrencies to demonstrate real-world applications. His call to action urges the industry to focus on developing blockchain projects with tangible benefits, moving beyond mere speculative investments.

Also Read : Memecoin Analysis: Pepe, Bonk, and GME Price Predictions for This Week

The future of Dogecoin – community darling or fading trend? Stay tuned for the next chapter!

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Grayscale Announced the Launch of Two New Bitcoin ETFs – Here Are They!

Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…

April 2, 2025

Remember This Name! Remittix Presale Becomes the Top Predicted of 2025 as Project Raises Almost $15M in Record Time

In a year marked by conservatism and a sentiment shift in crypto, one name is…

April 2, 2025

Has Elon Musk Forgotten About Dogecoin (DOGE)?

Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…

April 2, 2025

Shiba Inu Drops 9%, but RUVI AI’s (RUVI) Token Might Be the Meme Coin Killer as Investors Rush to Claim their Bonus

The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…

April 2, 2025

XRP Stalls at $2—Is Ozak AI ($OZ) the Next Big Crypto Breakout?

XRP has struggled to break past the $2.5 mark despite strong market momentum. Meanwhile, Ozak…

April 2, 2025

Rexas Finance (RXS) vs. Shiba Inu (SHIB): Will SHIB Rebound, or is 2025 the Year of RXS?

Investors must make a crucial choice as the bitcoin market develops: stick to well-known meme…

April 2, 2025