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In the digital currency market, investors may often hear the names Golden Dog, Earth Dog and conventional projects. In fact, in some cases, these projects can be converted into each other, such as some well-made Earth Dog projects. It is very likely to turn into a golden dog, but there are also some golden dog projects that are not well marketed. Some investors may even think that they are not as good as a native dog project. In the currency circle, golden dog projects refer to some large projects that have attracted much attention. , its long-term development is very broad, and it can also be said to be the leading project in the currency circle. So what exactly does the Golden Dog project mean? Let the editor of Coin Circle explain it to you in a simple way.

 What does the Golden Dog Project mean?

Golden Dog projects refer to digital currency projects that are recognized and paid attention to by investors in the cryptocurrency market and have a high overall market capitalization. These projects are usually developed by well-known companies or teams and have sufficient funds. Support, its market recognition and trading volume are relatively large.

In the digital currency market, the prerequisite for a project to become a Golden Dog project is that it has excellent fundamentals and broad future development potential, and can play a leading role in the market. It is best if it can be accepted by certain investors and well-known Institutional attention and admiration. But for investors, there are also risks in investing in Golden Dog projects. Generally speaking, the value of Golden Dog projects in the market has reached a very high position, so there may be some market speculation.

 What are the Golden Dog projects?

There are many golden dog projects in the digital currency market. The editor below will list some of the more famous golden dog projects in the currency circle:

1.DOGE

DOGE Dogecoin is a digital currency based on decentralized blockchain technology. It was originally developed by Billy Markus and Jackson in December 2013.
Created by Palmer. DOGE coin is a cryptocurrency based on blockchain technology. It was originally born in 2013 as a nonsensical Internet meme. DOGE coin is characterized by its doge coin logo and simple and interesting community atmosphere, attracting some fans and investment. readers’ attention.

The technical foundation of DOGE is developed based on the open source code of Bitcoin, but its main features are fast transactions and low cost. DOGE's transaction time and handling fees are relatively fast and cheap compared to other digital currencies, which also makes it widely used in some micropayments and social network reward scenarios.

2. SHIB

Ryoshi, the founder of SHIB, has always been fascinated by the creation of decentralized communities. He hopes to form a purely decentralized organization like dogs and Bitcoin, and hopes to guide and create a decentralized project through technical means. , and start everything from scratch. The full name of SHIB’s project: SHIBA
INU, which is Shiba Inu in Japanese, is the brand image of the project. However, because of the abbreviation of the token, SHIB, people in China unconsciously pronounce it as "Shit Coin" at first sight. It is also catchy and because of its positioning It is a MEME community project, so the name SHIB is understandable and more in line with its decentralized community culture, so don’t mistakenly think that SHIB comes from “Shit Coin”.

3.Babydoge

Babydoge is a token that is one of the Dogecoin concept tokens. Its main features are complete decentralization, community promotion and governance, no fundraising, no team distribution, and fair distribution in the community. In addition, memes refer to ideas that circulate in a community and represent a shared subculture or perception of reality. Historically, Gold can be considered one of the most successful memes, and BabyDoge is a decentralized community meme token. It was originally a token based on the BSC chain, and each transaction on BSC will be charged a 10% handling fee (burning).

The above content is the detailed introduction of the editor of the currency circle on the question of what the Golden Dog project means. Although the Golden Dog project is full of high returns, investors still need to be cautious when investing, carefully understand the long-term development space of the project, and make investment decisions after careful research. Do not blindly follow the trend, as there may be a rise. There is a situation where the space is limited but the room for decline is unlimited. Tugou projects are basically community-led coins, which are often referred to as meme coins by investors. Generally speaking, the most likely possibility of a divine disk is a community-led coin. , so investors should not underestimate the power of the community.