Although Dogecoin has gained a lot of interest in recent months, it isn't clear whether Dogecoin has the potential to be as successful as other cryptocurrencies like Bitcoin and Ethereum in the long run.
Michael Kamerman, CEO of Skilling, told Express.co.uk: "Whether or not it goes up or down from here is anyone’s guess but the cryptocurrencies that seem the most volatile to plunges like we’ve seen recently are those not backed by too many real-world use cases like Dogecoin.
"In my view, cryptos that underpin real-world use cases, like Ether, will remain big as there is more than speculators propping up their value.”
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