Dogecoin is underestimated! Three Arrows Capital: More popular than Ethereum, even loved by girls, reminds me of Ripple in 2017.

Three Arrows Capital founder Zhu Su expressed his bullish view on Dogecoin in the latest podcast. He believes that Dogecoin is not only attractive to retail traders, but also supported his argument with trading data from Robinhood and Coinbase. He also mentioned that Dogecoin is truly underestimated in terms of the power of viral marketing.

In addition to Zhu Su's discussion on Dogecoin, the guest on this episode is former professional poker player Jordi Alexander, who later transitioned into the financial industry and became a cryptocurrency trader. He talked about applying game theory to the cryptocurrency market during the program.

DOGE Trading Volume Remains High

Zhu Su cited data from Robinhood and Coinbase. Robinhood's second-quarter financial report showed that 62% of its cryptocurrency revenue came from Dogecoin trading, accounting for 40% of its total revenue, making Robinhood akin to a Dogecoin agent. He stated:

I am very bullish on Dogecoin. I have delved deep into the community, understanding what is happening, the widespread arguments for holding Dogecoin. If you look at Robinhood, you will understand that this is a very grassroots way of investing.

More Famous Than Ethereum

Although optimistic about Ethereum, Zhu Su believes that Dogecoin's popularity in many communities in the United States is actually four times that of Ethereum. He pointed out:

It's not just the elites, but the general public is generally discussing Dogecoin. I think this is because Dogecoin is very easy to understand, just like "Dog Money."

Even Loved by Girls

Zhu Su also mentioned that Dogecoin is the only project he has seen women flaunting and strongly recommending on social platforms like IG and TikTok, not for money, but purely because they like Dogecoin. He reiterated his bullish view:

I think in terms of viral marketing power, the value of Dogecoin is really underestimated.

He concluded:

Doge reminds me of XRP in the bull market of 2017, but Doge is better in every way. There is no foundation holding a large amount of XRP, no elaborate narrative of "bank applications for payments," and it is based on a fair distribution mechanism without the risk of being considered a security. Projects that are not considered serious will be eliminated and will not succeed. Many people feel it is too late to buy Doge now. For me, this is very similar to "Bitcoin in traditional finance" and "Dogecoin in the traditional crypto field." It is so simple and outstanding, and most people have missed out.