The price of doge coin dropped rapidly since its powerful rise at the end of last year. Recently a series of mainstream crypto currencies including Bitcoin are recovering, but doge still seems to be sleeping.
DOGE was badly hurt last September,after Chinese government total ban.Lot of Chinese got out and DOGE didnt recover since then.Some smaller coins with mainly Chinese investors were wiped out at the time.
Last pump volume was 4x less than before and it clearly shows a massive investment hole made by exit of Chinese.At the same time there were no any positive news or developpment for very long time ,so its today position is not as bad as it could be.
So, you are right. DOGE cant recover easily(fall easily,recover very,very slow, usually only after it hits rock bottom hard) as other mainstream coins,due to serious lack of investors.Wealth distribution is one of the worst in crypto world.There are almost no medium size investors who can push price up or down and make waves on market.Now,after a long pause there is some work on developpment,but is goes very slowly.Maybe in time DOGE could catch up technically with BTC,but to attract investors in such crypto competition will be much harder.
There were some talking to switch DOGE on POS,but I think devs in one tweet said they think about it,but not for next 0.14 release.
LOL, what a bunch of bullshit. This is like the 100th "China bans bitcoin" FUD article over the years. Even with this mythical Chinese ban, there are coins out there that aren't even coins, but tokens that are instantly generated on Ethereum, which have market caps of 10-20 billion USD and community support and adoption at 1/10th of Dogecoin.
Maybe in time DOGE could catch up technically with BTC
Huh? Doge is already technically superior to the infiltrated and cucked Bcore, which has transaction fees of up to $100 and mempool transactions that have been stuck for days or even weeks at times.
The biggest issue with Doge is trolls spreading misinformation...
Not bullshit,but true. Some people do not want to see or do not like to see,but that is theirs problem.Everybody can see sharp decline in volume after Chinese ban and it is lasting till today.I dont like it too,but fact is fact.
Unfortuntely,but talking about some huge community support for DOGE is pure pulp fiction.Sure, there are a lot of bots constantly talking 1DOGE=1DOGE,mimicking presence of large community,but they are completely useless.Not at one sensible proposition came from them.
Iam not fan of ETH at all, but comparing support of ETH and DOGE and telling DOGE support is 10x bigger is just big fantasy.Just look at ETH adoption in different business & science projects and DOGE adoption in few small betting sites.
DOGE cant be superior to BTC core,because it is his core too.Version 0.10 versus 0.16 and even people without technical background know that 0.16 works far better than 0.10(hopefully 0.14 soon).Because its far less adoption and number of transactions it has no problem like BTC,but core is same.
"The biggest issue with Doge is trolls spreading misinformation..." - completely agree . Your whole post is perfect example of it.