What experts have said about Dogecoin
If you have been in the crypto space for more than a year, you know that every prediction and comment about cryptocurrencies in general usually has to be taken with pinch of salt. Whether Bitcoin hits the $1 million price mark or whether it crashes down to zero is pretty much anyone’s guess. However, there is one cryptocurrency apart from Bitcoin that has defied all predictions even baffling the expectations of its creators. That coin is Dogecoin (DOGE)."What experts have said about Dogecoin"
Dogecoin was launched in 2013 by Billy Markus and Jack Palmer with the purpose of being a fun coin. Almost right after its launch, Dogecoin took on a life of its own spawning a community of sellers, buyers, miners, merchants, speculators, and beggars all in their thousands.
Currently, Dogecoin is ranked among the top 50 cryptocurrencies on CoinMarketCap with a market capitalization of over $300 million at the time of this publication. Dogecoin was meant to die a natural death after a couple of months of making rounds as the parody coin online. However, DOGE has continued to survive, growing in popularity even after attacks that saw Dogecoin holders lose millions.
So what value does this parody coin represent to the extent of it continuing to gain value even after years of being abandoned by its developers? Well, a couple of industry experts have weighed in on the matter and here is what they have said so far.
What experts have said about Dogecoin
To begin with, one of the reasons that seem to compel most newcomers into buying into altcoins is their low price. Well, at least that is what Lewis Tuff, the chief platform engineer at Revolut believes. According to him, new market investors are pumping money into cryptocurrencies like Dogecoin due to their low price tag in a bid to make gains when the coin get to a higher price mark.'What experts have said about Dogecoin'
This is not new in the market. In fact, it has a common name which is “HODL”. Basically, an investor would prefer to hold a whole amount of Dogecoin instead of a fraction of Bitcoin. Currently, Dogecoin is priced at $0.003 and even though most experts like Mr.Tuff will advise against investing on cryptocurrencies based on their low price in the market, most newbie investors will naturally find it easier to HODL as opposed to conducting research and investing based on a platforms technicality.
What experts have said about Dogecoin
Reviewed by mir khaleq ali
on
02:39
Rating:
Reviewed by mir khaleq ali
on
02:39
Rating:
Thank you for sharing this information.
ReplyDeleteCoinOrbisCap is the best user-friendly financial app who take digital currency seriously. Gives you quick access to crypto prices, market cap, coin chart, crypto news on over 1500 currencies.
Download here for FREE!!