The growth of Dogecoin can no doubt be attributed to the strong community that has formed behind the meme coin. Going off the hype created by its supporters alone, the token had been able to rally to new excessives. Nonetheless, a community that is capable of commendable things can further scarcely as easily destroy a brand if it begins to get toxic. This is why Dogecoin founder Billy Markus has taken it upon himself to warn of the impacts of bad behavior in the community on the Dogecoin brand.

Keep It Cool And Fun

At a time although the market is in a consistent downtrend, it becomes more serious than ever to have a project that sticks to its brand. For Dogecoin and its community, that has been the memes, the fun, and the sense of community holders feel. But as with any spiraling community, there can be seeds of discord that begin to sprout, turning a one time before welcoming community into a toxic one.

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Founder Bill Markus makes mention of this in a recent tweet where he urged community members to stay true to the brand’s initial purpose. He warns that bringing unwanted characteristics into the community will only work to hurt the brand in the prolonged run, that will hurt the growth of Dogecoin and its rate as no one would want to work with suchlike a community.

Since acceptance is serious to keep the project surging, it is essential to make sure which Dogecoin advances appealing to new investors, as well as other brands which may want to work with it.

Keep Hype Away From Dogecoin

Markus has still addressed the role which hype plays in the success of the coin. Basically, while Dogecoin first started to make the rounds at the beginning of remain year, it was solely off the hype created by billionaire Elon Musk. The hype had taken on a life of its own and had become the main driving force behind the token with no utility to speak.

Doge exchanging at $0.13 | Source: DOGEUSD on TradingView.com

Notwithstanding much hype has helped the digital asset grow, Markus does not believe which it is sustainable in the protracted run. He urged the Dogecoin community to development from the model built around hype and instead focus on forging something which will last in coming years.

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According to him, it has already been proven which hype cannot sustain a project, presumably referencing the progressive downtrend the coin has suffered afterward hype died down.

Dogecoin on its own has go oned low momentum on the charts. After losing its footing at $0.14, the digital asset has fluctuated north and south of $0.13, showing no considerable sign of support at this point.

Featured image from Benzinga, chart from TradingView.com