In a new video, Swope tells his 238,000 YouTube subscribers that he believes Dogecoin lacks the features that allow it to maintain its relevance in the rapidly evolving memes culture.
“Being accepted for payments is useful as currency. But just being a currency doesn’t mean you will become the currency of the future. Dogecoin holders are listening to me. Smart contracts are so important …
And it’s sad to see. Even on the Dogecoin developer subdirectory, someone was asking about smart contracts barely a month ago and the highest post from a DOGE developer is, “No, not like Ethereum.” . It’s not necessary. Dogecoin is a currency. We don’t need bells and whistles. “
According to Swope, a crypto asset must have more functionality than being a currency to support the cultivation of memes.
“Well, in my opinion, to do that you need smart contracts. You need oracles. You need art. Memes are communication through art, pictures, pop culture. If you can’t host any of this on your channel, you won’t become the very currency of the future. I will guarantee it to you.
While most people watch Dogecoin, the crypto analyst claims that the large-cap crypto asset already has the features and culture to become the currency of the future.
“If you don’t know the very culture of Chainlink (LINK), listen up. She is deep, strong and idolizes the Flan Man himself: Sergey [Nazarov]. Many don’t understand it, only get weird pictures or religious overtones, but you will soon understand it. In my opinion, LINK’s meme culture is more organized, stronger, and ready to create meme currencies than DOGE’s.
Swope points out that he believes Chainlink and a new breed of non-fungible tokens (NFTs) will eventually take over the cultivation of memes.
“Why not pay people through memes, not just a cryptocurrency, but an actual meme that may have some attached value, a work of art? This is only possible with NFTs, especially dynamic NFTs, which Chainlink and its oracle network enable. Dynamic NFTs are essentially perpetual smart contracts that use oracles to communicate and react to external data and systems …
So imagine that, because it is happening sooner than you might think, and it is already starting in some forms. Chainlink power oracles Aaave. Aave’s tokens (interest bearing tokens) continuously generate returns through their lending system. It is a constantly increasing guarantee. Now [you can] have this NFT that holds collateral. “
In terms of price potential, Swope believes Chainlink can hit $ 1,000, which is a staggering 1900% rise from its current value of $ 50.
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Image en vedette: Shutterstock / Teo Tarras