Dogecoin seems to really be a coin you either love or hate. It abosultely has its risk as it does appear 1 address holds 27% of all #DOGE.
AND Top 20 addresses holds more than 50%+ of all #DOGE
So it's Kinda "centralized" in that sense.
The one counter I will add to that is that it is very well possible those biggest address's are actually exchanges which would be very good for doge.
It has appeared to become a "gateway crypto" that is bringing in a lot of new people to the crypto market whSee full review