Review on Dogecoin by Nickolas Landry
Such coin. Very wow. Dogecoin survives hard times, sees exponential growth during bull run.
It was difficult to find a platform that offered Dogecoin for trading or purchase. Eventually I settled on Kraken, but the fee was immense and it wasn't long before it lost half its value.
Very recently, it has been prone to pump and dump schemes orchestrated by whales with infinite resources. The community has been through some tough times, as theft, abandonment and widespread non adoption has taken it's toll.
However, those holding Dogecoin tend to be very philanthropic, as noted by the infamous "Save Dogemas" event held after a reddit tip not operator decided to steal an amount that was in the hundred millions. It didn't work out for him though, and Doge took a hard dive in value the recent crypto booms from 2017 and 2020-21.
Surprisingly, it has trended very closely to Bitcoin's fluctuations, until the aforementioned whale pump and dump shinanigans forced wild swings in Dogecoins value. Also attributed to it's recent price appreciation is Elon Musk and his short but effective tweets endorsing cryptocurrencies value, as well as certain coins like Dogecoin and BTC.
Pros
- Much coin. Very hold. Wow.
- Fun community.
- Very inexpensive.
- Much wow.
- Snoop Dogg approved.
Cons
- Limited access through major exchanges.
- Prone to pump and dump schemes.
- Adoption not widespread considering length of time on the market.
