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Bitget’s Dogecoin Listing Sparks Debate: Can a Memecoin Outperform Solana and Cardano?

Bitget’s Dogecoin Listing Sparks Debate: Can a Memecoin Outperform Solana and Cardano?

Published:
2025-04-28 02:57:39
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The cryptocurrency community is abuzz with discussions about Dogecoin’s potential to surpass established layer-one networks like Solana and Cardano. This debate gained momentum after Bitget listed Dogecoin in a volume-reward campaign, reigniting interest in the memecoin’s market performance. While Dogecoin continues to defy expectations with its community-driven appeal, analysts question whether it can overcome the technical superiority and utility of Solana and Cardano. The bold predictions circulating among investors highlight the evolving dynamics of the crypto market, where sentiment and technology often collide.

Could Dogecoin Ever Flip Solana or Cardano? The Bold Predictions Investors Are Debating

Dogecoin, the face of the memecoin era, continues to defy expectations while Solana and Cardano cement their positions as robust layer-one networks. Analysts are now questioning whether a community-driven token with limited on-chain utility can surpass the combined market value of two technically advanced blockchains.

Dogecoin’s recent rally gained momentum after Bitget listed it in a volume-reward campaign for trending altcoins. Meanwhile, Solana and Cardano are carving out distinct niches in the market, with Solana focusing on high-throughput applications and Cardano emphasizing peer-reviewed research and scalability.

The debate hinges on contrasting value propositions: Dogecoin’s viral appeal and exchange-driven liquidity versus the fundamental strengths of Solana and Cardano. market dynamics suggest this competition will intensify as all three assets vie for investor attention in an increasingly crowded crypto landscape.

Bitget Pursues Legal Action Over Suspected $20M Market Manipulation of VOXEL Token

Cryptocurrency exchange Bitget has initiated legal proceedings against eight accounts allegedly involved in a coordinated market manipulation scheme. The Seychelles-based platform claims the group exploited abnormal trading activity in gaming token VOXEL on April 20, extracting over $20 million in profits.

Legal representatives have dispatched formal notices to the accused parties, identified by Bitget’s China market lead Jiayin Xie as members of a "professional arbitrage group." The exchange plans to redistribute any recovered funds to affected users via airdrop.

This incident spotlights persistent vulnerabilities in crypto market surveillance, reigniting debates about exchange risk controls during periods of volatile token price action. The VOXEL case follows growing regulatory scrutiny of wash trading and other manipulative practices across digital asset platforms.

|Square

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