TechFlow news, May 5 — According to Dogecoin's official X platform, regulatory authorities no longer classify Dogecoin as a memecoin. The Dogecoin team stated this situation is similar to scientists no longer considering Pluto a planet. Community members noted that Dogecoin now possesses payment functionality, monetary utility, blockchain technology, and tokenization features. Aside from stablecoins, Dogecoin currently ranks in the top seven by cryptocurrency market capitalization and continues to rise. The community believes real value stems from utility and community strength, both of which Dogecoin excels in.
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