6 Reasons Why You Should Invest In Dogecoin

By Kapil Gauhar

Similar to Bitcoin, Dogecoin too is decentralized and permission-less, which is the true essence of Blockchain Technology.

The once belittled joke coin is now giving tons of reasons for the people to invest in Dogecoin.

It’s been a long time that Dogecoin has been able to withstand the generic market crashes with a price spike that’s steadily growing.

Sure, Dogecoin is a good investment as we discussed yesterday in “What Is The Future of Dogecoin?” This time I’ve come up with 6 reasons to prove that your investment with Dogecoin is going to be a wise choice.

You May Also Read: Best Altcoins To Invest In 2019

6 Reasons To Invest In Dogecoin

There are six reasons to keep an eye on Dogecoin (DOGE) and own some –

1. Dogecoin Is Not Hype Sensitive

If you have been actively following crypto verse, then you must have realized that DOGE price spike and drop are not driven by media hype.

Well, that’s a true characteristic of a stable cryptocurrency!

Dogecoin has a defined audience, that has been able to increase the usability of DOGE by enabling users tip creativity in the entertainment industry via provision of informative content.

DOGE is mineable and its circulation supply is probably the lowest in the market. With the passage of time, its supply will diminish and its value will be driven by scarcity.

You May Also Read: How To Sell or Trade Dogecoin?

2. Dogecoin Mainstream Uptake On The Rise

It comes as no surprise that crypto investors are continually looking for the lowly priced coins which don’t expose them to the risks associated with volatility. DOGE is their perfect fit!

Thus, Dogecoin has a positive effect on the new adoptions, which makes it less intimidating as compared to the mainstream coins, and any newbie would go for it.

3. Dogecoin Easily Acquaints Newbies

Since Dogecoin is available through faucets and micro-wallets, it can simply be sent and received with very small fees.

Because of this, owning DOGE can invite a lot of friends over to cryptocurrencies. It is easily exchanged, very liquid as compared to other low-priced assets, and is equivalent to larger coins in transfer utility.

You May Also Read: How To Mine Dogecoin?

4. Dogecoin Mining Is Greener

Gone are the days when DOGE mining would done independently. Now, it is tied up with the production of Litecoin blocks, which means there’s no need for extra machines and electricity.

Each time a Litecoin block is solved, there will be an unlimited supply of DOGE as a one-layered means of payment.

5. DOGE Has A Good Future Growth

Dogecoin has climbed to the 24th position on CoinMarketCap, with a total market capitalization of $279 million.

While this may seem like a lot, but a sudden spike in popularity could really lead this cryptocurrency ahead in future.

Other altcoins may have big projects running at the time, but DOGE relies on sheer luck. With a price of $0.002371, DOGE has shown that it can cause active trading while moving to a higher price range, still remaining affordable.

You May Also Read: A Beginner’s Guide to Dogecoin

6. DOGE Refuses To Surrender

The DOGE meme turned out to be astonishingly resilient. Despite the bearish cryptocurrency market, Dogecoin managed to survive, where other overly promoted digital assets fell to the withering chaff with their prices sinking to nothing.

DOGE, even at the depressed prices, was used and traded, which shows the people’s trust in this digital asset.

Where other cryptocurrencies were a part of serious campaign, Dogecoin started as a fun and became successful in no time.

Should You Invest in Dogecoin?

Is the answer needed?

With the above discussion, we can see, since Dogecoin was born, it has been making a good progress and there are several reasons which make Dogecoin a good investment in 2019.

Slowly and gradually, it is entering a new stage.

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• Top 50 Richest Dogecoin Addresses
• Is Dogecoin Mining Profitable?
• Pros & Cons of Dogecoin