Opinion: Dogecoin is no longer a "fun currency"

Odaily Planet Daily News Indian media published an article saying that "Dogecoin" is no longer a "funny currency". American billionaire Elon Musk expressed his support for it in 2023, and then the valuation of "Dogecoin" soared. As of January 2025, its market value has reached tens of billions of dollars. Under the influence of celebrity effect and other factors, various meme coins (emoticon coins) have flourished. US President Trump launched his own meme coin, which was printed with his photo and slogan "Fight, Fight, Fight", which attracted public attention and its market value soared to billions of dollars. As a public figure, Trump was criticized by many people for being reckless for this move - the meme coin market is volatile, and in the absence of effective supervision, the market has no complete protection mechanism, and investors face the risk of suffering huge property losses. Research by JPMorgan Chase Group shows that in the past decade, the proportion of people under 40 who invest their personal income each month has more than doubled. However, the financial system has certain thresholds, and there are many industry concepts and terms, which are not very friendly to investors with less experience. Cryptocurrency does not have this problem. At the same time, its characteristic of seeing returns quickly also further attracts people to invest. Although the meme coin market is hot, how far it can go in the future remains to be seen. Relevant regulatory agencies should introduce corresponding policies to regulate various cryptocurrencies. At the same time, investors should also further learn and understand financial instruments to avoid investment risks. (Global Network)