7 Reasons why you should invest in Dogecoin sooner

Updated on August 12, 2018 in DOGECOIN
0 on August 12, 2018

1. Easily acquaints newbies with cryptocurrencies

DogeCoin is available through faucets, micro-wallets and can just be sent and received with very small fees. Because of this, owning a few DOGE can invite many friends over to cryptocurrencies. DOGE is easily exchanged, very liquid compared to other low-priced assets, and is similar to larger coins in transfer utility, if not better. 

2. DOGE mining is greener

DOGE mining used to be done independently, but now it’s tied up with the production of Litecoin blocks- no extra machines, no extra electricity. There will be an unlimited supply of DOGE, produced each time a LTC block is solved, for a simple, one-layered means of payment. 

3. DOGE has room for growth

DOGE has climbed to position 36 on CoinMarketCap, with a total capitalization of $396 million. While this seems like a lot, a sudden spike in popularity could really lead DOGE ahead. Other altcoins have big dreams and projects, but DOGE relies on sheer luck. With a price of $0.003531, nearly four times the price at the bottom, DOGE has shown it can cause active trading and move to a higher price range- while remaining affordable.

4. DOGE is popular with Asian investors

Investment from Korea, Japan, and by some channels- China, does not bypass DOGE. The latest rise in crypto coins has been propped up by the newly acquired wealth of Southeast Asian countries, and DOGE has received its share of trading, investing and just plain return to a fashionable status. 

5. DOGE refuses to disappear

The DOGE meme and culture turned out to be surprisingly resilient. A coin made as a joke managed to survive where other overly promoted digital assets fell to the wayside, their prices sinking to nothing, along with the community support. Projects like Panda Coin were serious efforts (with a hidden personal enrichment agenda), while DOGE was made as a joke and turned successful. Even at depressed prices, DOGE was used and traded.

Of course, there are caveats around DOGE. In the earlier years, it has been used in scams and has seen thefts. But now, DOGE may be entering a new stage. 

6.Dogecoin was third coin among thousands of coins to approved on robinhood

Well if your in USA and on robinhood you know how dogecoin chat is the most active chat among others. this is to prove that the coin gains more investors almost every minutes.

7. prediction of this coin gives hope 

Dogecoin – the crypto based on the Shiba Inu meme that provides much wow – has been predicted to rise almost 3000% by the end of the year, going from its price of $0.0077 on February 27 to as much as $0.24. That’s a huge jump for a cryptocurrency that started as a joke. for more about this pridiction visit Finder.com.au

 
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