Dogecoin is one of the most popular cryptocurrencies in the blockchain industry. However, this project was conceived as a joke, i.e. the founders had no goal to compete with anyone.
The cryptocurrency is mainly used to pay tips to content creators on Reddit and Telegram. There are very few companies that target such a narrow segment of the market within the blockchain sphere, but there are many indirect competitors, which can provide the same services as Dogecoin. DOGE can only compete with its rivals in the short-term, but it will not survive in the long run.
It has a large and friendly community that keeps the Dogecoin network alive. However, the lack of a cohesive team and a well-built financing system has led to a situation where the project has every chance of dying. The roadmap and GitHub activity of the team are nonexistent, so this casts serious doubt on its long-term prospects.Read full report
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Convex’s business model is built on Curve, a DeFi blue chip that continues to be one of the market leaders. It repackages Curve’s governance into a liquidity bootstrapping product that is already being used by projects like Abracadabra and Alchemix, and there is potential for more projects using it down the line. Ergo, Convex is one of the few examples of business-to-business models in crypto.Read full report
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