Review on Dogecoin by erdi yılmaz
Doge Doge
Launched as a joke currency in December 2013, Dogecoin gained popularity due to its resemblance to the Shibu Inu dog "Doge" used in its name and logo. The cryptocurrency has grown rapidly due to its fast start coin generation program. Cryptocurrency production in Dogecoin was faster compared to other cryptocurrencies. By 2015, 100 billion tokens began to circulate, and another 5.256 billion tokens were released each year.
According to analysts, the cryptocurrency is finally gaining its value in the market, and the price is predicted to reach $ 0.00350 by the end of 2020. With the awareness of cryptocurrencies and advances in technology, it is possible that digital currencies will replace fiat currencies in the coming years. Analysts predict that the Dogecoin price will reach $ 0.0080 by 2025, and by the end of 2025 the price will move towards $ 0.0120.
I also invested some amount in dogecoin. I even mine Dogecoin on some cloud mining platforms. It can be transferred quickly and transaction fees are not high. dogecoin does not experience very aggressive ups and downs. this alleviates my investment concerns. I believe its value will multiply in the future.
Pros
- Listed on many exchanges
- transaction fees are not high
- has the potential to gain value
Cons
- its value is low now
