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Why does crypto have value?

Some might say that it’s simply because people have decided to spur themselves into a speculative frenzy. And at times, there may be some truth in this.

For example, DOGE once had a market cap of over $1 Billion USD. The coin has no limit on how many can be mined (meaning it is not fixed or even scarce) and has no special technology behind it. It’s like bitcoin without the bitcoin.

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