Bloomberg analysts said that the Dogecoin memcoin is no longer perceived by the market as a joke asset. The average commission on the Dogecoin network costs only $0.01, which is 79 times cheaper than on the Bitcoin blockchain, experts said.

Bloomberg drew attention to the fact that memcoin Dogecoin
(DOGE) is becoming increasingly popular for paying for purchases. Transactions on the network are processed in less than a minute, and the token is suitable for transfers, with fees of 7%.

“Over time, Dogecoin has become less like a memcoin and more like a convenience asset without much technological risk. Compared to other cryptocurrencies, it offers a pretty solid combination of recognition, simplicity and low cost.” — analysts commented.

Due to recognition and support from famous people such as Elon Musk (Elon Musk) and Mark Cuban (Mark Cuban), this cryptocurrency has become an effective marketing tool, outperforming many digital assets, including XRP And USDCexperts say. Unlike other memcoins, many investment funds include Dogecoin into their portfolios, considering it a profitable asset in the long term.

Earlier, the creator of Dogecoin, Billy Markus, known on social network X as Shibetoshi Nakamoto, called on the US Securities and Exchange Commission (SEC) to recognize DOGE as an asset that does not belong to the category of securities.