Topic: The point of Dogecoin. - page 6. (Read 896 times)
Dogecoin was created as a joke and that defines its rule which is just being a meme coin, but before the hype and price pump, Dogecoin used to be the first stop place for transferring large funds because of its low transaction fee not up till now that the market is bullish with increased fees and slow transactions time.
Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
There's no another point and that's the main purpose why doge coin already created in the past. people didn't have big expectation but the things were getting changed so fast until elon shilling for the doge coin and that was changing the doge coin to be a pump and dump coin for sure. The creator of doge coin has confirmed that he created doge just for fun only dude.
There's no point other than it and that's it
There is and that's what altcoin means, to be an alternative. If you are with the community when the transaction fees for bitcoin and ethereum were too high. It's one of the choices of most because it has low fees for each of its transactions. That's the actual usage of Dogecoin when cryptos have begun to become expensive again with its fee then we can count on Dogecoin. Aside from being a meme coin, that's the purpose of it and it's actually a good alternative that many have used and saved a lot from the fees. If you're transacting from time to time during the rise of the fees, you probably have chosen Dogecoin by that time.
At the expense of some highly currencies like BTC and ETH for making transaction fee very high i chooses TRX for safe and quick transactions.
today many project has also been built into Trc20 so fees are very cheap.
There is and that's what altcoin means, to be an alternative. If you are with the community when the transaction fees for bitcoin and ethereum were too high. It's one of the choices of most because it has low fees for each of its transactions. That's the actual usage of Dogecoin when cryptos have begun to become expensive again with its fee then we can count on Dogecoin. Aside from being a meme coin, that's the purpose of it and it's actually a good alternative that many have used and saved a lot from the fees. If you're transacting from time to time during the rise of the fees, you probably have chosen Dogecoin by that time.
In addition to what @Twinkledoe said, there are many third party platforms that allows wrapping Doge to different blockchains and stake/farm. It's definitely not the original but it somehow increases demand for the coin.
Before the hype of doge came in, I used this old alt for transfer purposes from one exchange to another as it is cheaper than moving your coins using bitcoin. However, because of this hype, the withdrawal fees in doge is getting expensive already as compared to other alts like XRP/TRX/LTC. The main use cases before were in gambling and transfer purposes. Right now, it somehow changes because the fees are getting expensive under this network. And now, it is like a speculative coin especially if Elon tweets about it.
Is there really any points of dogecoin other than to meme it and use it as a pump and dump?
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