I’ve held Dogecoin for some time and never really considered it the “internet meme joke based currency” that some consider it and recently bought more as I saw it approaching the 1 cent mark. Those days are gone with a Christmas Present of Dogecoin crossing the 1 cent mark! In fact it is been surging lately despite naysayers predicting its demise for various reasons. One huge thing Dogecoin has always had is a loyal and large community who uses the currency.
Now that Litecoin has hit the $300 USD territory and many other altcoins are very expensive clearly others have seen the value and potential in Dogecoin. In fact I believe it is undervalued and in the past 7 days Doge has nearly doubled to reach the 1 cent mark and market cap of 1.2 billion! It’s a huge milestone and for those who remember way long ago, there was a point where Doge was equivalent in value to Bitcoin!
I believe 2018 is Doge’s time to shine and it is definitely going to head into Litecoin territory (possibly the tens of dollar range in 2o18). Essentially the Dogecoin client looks the same as Bitcoin’s and Litecoin’s. In terms of technology though Dogecoin is more like a derivative or little cousin of Litecoin in the sense they both use Scrypt technology.
This is a good thing because I’ve never had delays or issues with sending or receiving Litecoin or Dogecoin, whereas Bitcoin can be slow and Ethereum is a nightmare to use (it is the worst wallet/client/network I have ever used and I absolutely dread Ethereum).
I think amazing things are going to go down for Dogecoin holders, likely not as big as long-time Bitcoin holders but I think in the coming years, Dogecoin users will be handsomely rewarded as the value skyrockets.
Another reason Dogecoin is rising is because of research, awareness and it is also a plain good buy compared to a lot of other much more expensive altcoins I firmly believe Dogecoin is largely undervalued. Dogecoin is a long-time crypto whose stability has been tested and proven for years.
I’m bullish on Dogecoin so long as the developers keep working on and marketing this currency and if they cap the supply. I don’t think it will take much for Dogecoin to see meteoric rise so long as those conditions are met.