I am by no means a cryptocurrency expert.
For a long time I remember dogecoin prices fluctuating but normally staying at less that $0.002 USD. This is the way I had expected it to stay for a long time. When I checked the dogecoin prices this morning, after not having for a few weeks, the price had leaped all the way to $0.017 USD. This means that since the last time I had checked my around 600 doge have had their value increased more than 8-fold.
Realistically, I do not believe that this is sustainable. After immense increases in their value, bitcoin had had a price drop, and I expect the same for dogecoin. I think that due to overconfidence, there will soon be a price drop in doge, and then it will start to plateau.
You Can Check Prices Here (coingecko.com)
What do you think about the prices of dogecoin? Tell me in the comments section down below.
Well... Actually I'm Doge hodler/user since 2014. So I may be biased. But honestly, there is no reason for Dogecoin not to be around 1$ level. if BTC is Gold and LTC is silver, then Doge can and should be copper :P.
This coin is fast, relatively cheap, has no problems with scaling, you can buy and sell it almost everywhere (I recommend shapeshift.io) and should be used for everyday shopping (snacks, coffee, tipping etc).
One drawback I know isn't a drawback really.
They say there are to many coins floating around, but you know, at this moment even 5 billion new coins produced annually doesn't change much (in terms of %).
When Chinese New Year of the Doge ticks in February, Asia will buy it all anyway :)
Interesting theory there buddy... I sure hope your right✌️✌✌
Anyhow it wont hurt to throw a 100$ on a Doge and see what happens🙌🙏
Yeah, it won't hurt :)
I don't really think that china will be buying many doge, given some of there recent blocking of sites.
Asia is not only China. Chinese New Year is celebrated in many asian countries, so... We'll see.
Sorry, I misread what you wrote.
I think dogecoin has won the battle for supremacy in the Character Coins department. We have others like pepecoin or mona coin.
At first I believed Mona was going to the moon, but that was not the case. The problem with these character coins is the community and support behind them.
If you have a lot of people supporting it, and the popularity never wavers, then you're looking at a solid character coin.
If you want to invest in character coins, perhaps the best is to:
look at the community behind it. How many?
How enthusiastic are they?
I also think the cost has something to do with it. You can get dogecoin for dead cheap compared to something like Mona, and that's also what makes it really appealing.
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