ZINGER KEY POINTS
- Dogecoin mascot makes “miraculous” recovery after illness.
- Experts advise investors to consider use cases and technical factors before investing in Dogecoin.
Dogecoin mascot Kabosu, a 17-year-old Shiba Inu, has made a “miraculous” recovery after falling “very dangerously” ill on Christmas Eve.
The Shiba Inu’s owner disclosed on Dec. 26 that Kabosu has a medical history including chronic lymphoma leukemia (cancer) and acute cholangiohepatitis, an inflammatory condition affecting the liver and bile ducts.
According to an Instagram post by her owner Atsuko Satō on Friday, Kabosu has fully recovered from her illness and is back to eating chicken tenders and drinking plenty of water.
What started as a joke in 2013, when Markus and Jackson Palmer created the first “meme coin” Dogecoin, has now become a beloved cryptocurrency.
The value of Doge shot up over 4,000% after Tesla CEO Elon Musk advocated for the cryptocurrency and called it “the people’s crypto.”
Focus On Dogecoin Use Cases
Experts advise investors to avoid buying the meme coin on the basis the dog’s physical condition and rather, focus on the use cases of the cryptocurrency.
“There may be some wild swings in the short term basis of the dog’s physical health but investors must know that the dog won’t generate wealth for them. They have to look at a variety of factors before investing in Doge,” Raj A Kapoor, founder of the India Blockchain Alliance, told Benzinga.
“Keep a keen lookout for a change in the use cases for Doge and if there is, there will be long-term wealth creation. Besides on a shorter time frame, check the crypto’s technicals before investing.”
Anndy Lian, chief digital advisor of the Mongolian Productivity Organization, says investors should use “logic” and that the dog’s fate is only important to its owner and not the cryptocurrency.
“I think the retail investors must look at this with a logical mind. The dog’s fate is important to the owner, the dog could be gone but the legacy will continue with Dogecoin. For long-term crypto gains, you should look into Dogecoin’s utility and use cases. Only with adoption, you see a good future,” Lian said.
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.