Dogecoin has the blessing of having gigantic names of famous celebrities endorsing it. For example, Elon Musk is a vocal advocate for the coin. Owing to its popularity, Dogecoin has carried out updates in the system to increase efficiency and security. However, there is only so much an ordinary meme coin can achieve based on its internet engagement. Not all meme coins offer intrinsic value besides the meme status, such as MoonBag.
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