*Before I begin my analysis, let me just start off by saying I have no idea what Dogecoin is...it's what I would term a "WTF" #altcoin.
Nevertheless, Dogecoin has entered the mainstream psyche so it would be remiss not to mention something about it.
I'm not going to get into the fundamentals of Dogecoin because it's not my area of expertise. What I want to answer through a technical, empirical model is whether you should buy the Dogecoin altcoin...so should you!?!??
Here's my advanced price sentiment analysis chart:
Some key takeaways:
- Average price at zero point: 2/100th of a cent
- Average price at +/- 10% daily performance: $0.00067
- Average daily performance since inception: 0.60%
Is Dogecoin a great investment vehicle? It certainly has upside potential. However, compared to major #cryptocurrency assets, and even against some altcoin tokens, Dogecoin doesn't have outstanding bullish sentiment.
I say this because of its lifetime daily average performance of 0.60%, which is considerably lower than "scam" Bitcoin Gold, which has 0.71%.
Still, it's worth a speculative shot in my opinion!
A big part of crypto and probably the most important is the community, Dogecoin was one of the best communities on crypto, the most funny, united and charity focused. In my opinion is a good cryptocurrency, perfect for microtransactions but the lack of development kinda worries me but still better than most of cryptocurrencies.
Thanks for sharing your opinion
You bring up a great point about the Doge community; thanks for sharing your experiences!
Nice one
The second analysis I read from you, love the way you present the information.
Thank you, I appreciate that very much! :)
Собаки для работы - идеальны..)
согласен! :)
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