"If too many tokens are created without a use case (value), then they will die " dogecoin holders are laughing at that statement all the way to the bank :P or is dogecoin useful at something other than being a meme?
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DOGE has the network effect so that is there the value come from.
This sums it up. There is the use case, nothing more is needed.
Value is whatever people decide it is, not what you or I think it should be. If people are buying the token, which they are, they believe it has value.
In the end, it might collapse but if it is of interest, it will keep going.
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this is the perfect case of " yes, but actually no" :))
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