Why Dogecoin is Money

The Cryptocurrency Phenomenon 2/2

How is Dogecoin Money ?💵

Dogecoin is money because it functions as a medium of exchange, a unit of account, and a store of value. These are the 3 key functions of money, and $DOGE E fulfills all of them. 🐕

1. As a medium of exchange, Dogecoin can be used to buy and sell goods and services. It is widely accepted by merchants and businesses, which means that it can be used to make purchases just like traditional money. 🍕

2. As a unit of account, Doge provides a common measure of the value of goods and services. This makes it easier to compare the prices of different goods and services. Helping to make informed decisions about what to buy & sell. 📲

3. As a store of value, Doge can be saved and used to make purchases in the future. This means that it can be used to save money and to make investments, just like traditional money. 💰

In conclusion, Dogecoin is money because it functions as a medium of exchange, a unit of account, and a store of value. It is a decentralized, peer-to-peer digital currency that enables users to send and receive payments over the internet without the need for a bank or other intermediary. It's fixed supply, divisibility, and widespread acceptance make it a viable alternative to traditional currencies. 🙏