Dogecoin which has been widely known as a "jokecoin" is not so much as a joke anymore. In fact, Dogecoin is even better than Bitcoin in certain aspects. At its peak this "jokecoin" has a market cap of 2 billion dollars, doesn't sound so much of a joke anymore does it? Although its price plummeted in early January 2018, in March and April 2018, Dogecoin has seen a steady price increase, with a rise by more than 50% in terms of price in the large 7 days.
Benefits of Dogecoin:
- Stability amidst Market Turmoil: The market price and overall market capitalization do not fluctuate as much as that of Bitcoin. By the end of February 2018, Bitcoin’s price plummeted significantly and went below the $10,000 mark. The incident affected the entire cryptocurrency market severely with a few exceptions. Dogecoin was among those exceptions as its algorithm does not depend on Bitcoin.
- Faster Transaction: Dogecoin takes lesser time than Bitcoin for block processing. As a result, the transaction speed is a lot faster in case of this cryptocurrency.
- Convenience: Apart from a faster transaction system, the transaction fee is significantly lower for Dogecoin. This broadens the range of investors and users who are about to get involved in the crypto-market.
In conclusion, Dogecoin should not be viewed as a joke anymore by cryptocurrency investors worldwide. In fact, it should be viewed as a potential cryptocurrency which will be amongst the top cryptocurrencies in the future.
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Es cierto, doge es una moneda potencial a largo plazo
sí, es verdad