Topic: What the fate of dogecoin? (Read 224 times)
I also call this coin a barcode coin, for its strange schedule. I do not know how to trade this coin. I could not understand.
Dogecoin having been established since 2013... I wonder why it hasn't moon whereas coin lauched after it even this year has greater value than it does...
The main reason is that the coin wasn't created as something serious and probably that's why it was created suffering from inflation. There's potentially no limit of total supply and thus the number of coins get bigger than the demand which causes price drops. The coin itself is not bad at all and there were certain projects were it was used. I guess people also still use it for gambling purposes. And yet with unlimited supply and no development (nobody's planning any upgrades for it) doge is likely to keep dying slowly and never reach what it previously had, while other old coin have mostly pumped hard. 
Doge goes through regular pumps - take a look at it's chart.
https://coinmarketcap.com/currencies/dogecoin/
What happens is that it stays flat for a bit as the pumpers accumulate cheap coins. Then it does a huge pump, after which it drifts back down again. Rinse and repeat. It's done this five times since it was launched.
https://coinmarketcap.com/currencies/dogecoin/
What happens is that it stays flat for a bit as the pumpers accumulate cheap coins. Then it does a huge pump, after which it drifts back down again. Rinse and repeat. It's done this five times since it was launched.
The fate is to continue to be used as a comical coin, to throw around and tip other people. Don't hodl as an investment, but keep as small stash to send out for a laugh. There is no further development unless someone takes over the project
Dogecoin having been established since 2013... I wonder why it hasn't moon whereas coin lauched after it even this year has greater value than it does...
The main reason is that the coin wasn't created as something serious and probably that's why it was created suffering from inflation. There's potentially no limit of total supply and thus the number of coins get bigger than the demand which causes price drops. The coin itself is not bad at all and there were certain projects were it was used. I guess people also still use it for gambling purposes. And yet with unlimited supply and no development (nobody's planning any upgrades for it) doge is likely to keep dying slowly and never reach what it previously had, while other old coin have mostly pumped hard.
You will get you're answer if you google more about Dogecoin, Jackson Palmer created DOGE as a meme maybe that's the reason its not popular anymore? I have been holding Dogecoins for a while now the price did increase a bit not much difference though.
Dogecoin having been established since 2013... I wonder why it hasn't moon whereas coin lauched after it even this year has greater value than it does...
Now Dogecoin as well as Litecoin beyond the purpose of lobbying for donations, it is only valid on the trading floor, not yet having much support as bitcointhe number of coins to be released is too much leads to it can not raise prices, almost dogecoin being so inflation
Doge coin in terms of USD value is not doing as bad as many people are saying. Also it had a couple of huge pumps in this year only and I believe it will have a mega pump in Q1 2018, so hold onto any doge coin that you own.
Dogecoin having been established since 2013... I wonder why it hasn't moon whereas coin lauched after it even this year has greater value than it does...
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