Dogecoin....whats it deal?...long term coin?

in #blockchain5 years ago

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Despite the creators walking away from the project, the coin has remained a top 50 crypto for over 2 years.

Volume still hits higher than $5m in 24hrs.

Impressive feats for a coin that was created mostly as a joke.

Created in 2013,doge coin had one of the largest communities in crypto back then, with community members donating to causes to help kids and so many other things.

Its gives us a rare insight into just how powerful social media is. The community grew mainly on reddit, twitch, twitter etc.

Contents creators where sometimes tipped in dogecoin, funny, since these days one big. Challenge is how to use crypto for payments.

does it have a future?

Since the creators walled away, the project has been in the hand of the community, who seem to have taken care of it real well.

But plans wise, the future for doge in terms of FA and development, does not look good. No major plans have been announced in a while and the community continues to dwindle.

The coin was based on a meme, and unfortunately, the particular meme has lost relevance in recent years.

Personally im not holding dogecoin, I believe pundi x and telcoin are better .

But traders should probably watch out for dogecoin, it sometimes acts as a coin pumped and dumped by whales and rings.

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I have been holding the coin for the pass two years now and yet to earn anything tangible from it. Not much just over 400+ not even up-to a dollar lolz

Posted using Partiko Android

Well considering the supply, you're holding a very very small amount of token.

The amount is just to small to be significant. On a particular day i saw a guy wallet holding over 200k dogecoin I marvelled.

Posted using Partiko Android

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