First of all a lot of people I know call it “doge” instead of “dog-e” not knowing or believing it is a reference to the creators love for Shiba Inu dogs. It is true that it started off as a joke coin after an internet meme but after years of dire predictions of its demise it has continued on. Not only has it continued but it has a stronger community who actively use it and it hasn’t attracted big investors.
This is all a positive sign and I think a potential for long-term upside if the developers just take it seriously. For friends and family who want to buy some cryptocurrency without the high price tag I always recommend Dogecoin as a low risk but possibly high upside coin.
The reason being is that not only is it a good buy in my opinion but if everything crashes and the value plummets Dogecoin will still stand. The reason I say that is the community behind it, it is here because people love it and use it, not because of hype and not because of institutional investors that are pumping it. In fact Dogecoin is almost identical to Litecoin you could say, the difference has all been in the team and the marketing. Dogecoin has had trouble shaking its image as a joke coin based on a dog.
I agree it was a joke initially, but today it is hardly anything but. We should also recall there was a time where people exchanged Dogecoin for BTC or vice versa to give you an idea.
Now I don’t say even in a million years that you will see Dogecoin hit prices like Bitcoin but it definitely has a strong upside potential.