.jimcramer has urged his followers to be cautious about Dogecoin
please be careful with Dogecoin...It is a security. It will be regulated. We will find out how many there are and how many are being created each day to make money for the exchanges.Cramer seems to suggest that the only purpose of meme coins is to make money for cryptocurrency exchanges.
in terms of “security,” it is a proof of work cryptocurrency so you have to put in work to retrieve the coins from the block, it doesn’t qualify under the howey test. it works the same as bitcoin. in fact, its 99.5% the same code as bitcoin. please educate yourself.
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