Speaking at the recent 2024 Consensus Conference, Ripple CEO Brad Garlinghouse recently addressed the growing meme coin craze and its leading asset, Dogecoin (DOGE). Specifically, Garlinghouse said, “I don’t think Dogecoin has been a good thing for the industry.”
The meme coin market has observed a surge in interest throughout 2024 thus far. However, it has not seen DOGE be usurped as the leading asset in that class thus far. Conversely, Garlinghouse has taken aim at the token for its lack of utility and overall development.
Also Read: Ripple Lands in Georgia to Digitize Their Economy
Ripple’s CEO Calls Out Dogecoin (DOGE)
The digital asset market is an ever-growing industry committed to the expansion of cryptocurrencies and a new generation of finance. What makes it so exciting are the continual projects that target different growth areas and provide differing opportunities for various participants.
Yet, this variety can sometimes cause dissension among those who are working to promote the prosperity of the industry as a whole. That appears to have taken place with Ripple CEO Brad Garlinghouse, who recently targeted Dogecoin. Specifically, he spoke about his perception of the asset’s negative influence on the overall cryptocurrency asset class.
Also Read: Dogecoin: When Will DOGE Breach Its All-Time High of $0.73?
“You know, 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,” Garlinghosue said. However, he also ensured that he is “not anti-Dogecoin” but explained, “I don’t know what the use case is.”
That same inquiry has often been a reason for many in the industry to question the merits of Dogecoin. The cryptocurrency birthed the meme coin market and created an opening for a plethora of similar joke coins. For a company like Ripple, committed to cross-border payment accessibility and the utilization of these digital assets, that can be a point of contention when observing DOGE and other meme coins.
Credit: Source link
Bitcoin 
Ethereum 
XRP 
Tether 
Solana 
BNB 
Dogecoin 
Cardano 
USDC 
Lido Staked Ether 
TRON 
Avalanche 
Toncoin 
Shiba Inu 
Stellar 
Wrapped stETH 
Chainlink 
Polkadot 
Wrapped Bitcoin 
Hedera 
Sui 
Bitcoin Cash 
WETH 
Litecoin 
NEAR Protocol 
Uniswap 
Pepe 
LEO Token 
Aptos 
Wrapped eETH 
Internet Computer 
POL (ex-MATIC) 
USDS 
Cronos 
VeChain 
Artificial Superintelligence Alliance 
Ethereum Classic 
Ethena USDe 
Algorand 
Render 
Bittensor 
Filecoin 
Arbitrum 
Kaspa 
Aave 
Cosmos Hub 
Fantom 
MANTRA 
Dai 
Stacks 
