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Review on Dogecoin by Jerry Siegel

Dogecoin (DOGE)

Dogecoin is one of the oldest cryptocurrencies, which was founded in late 2013. From the very beginning, DOGE is perceived as a crypto joke, that was created just for fun and so on. Nevertheless, the community of Dogecoin was increasing gradually throughout the years, and at the same time, the average market cap of the coin has also increased, which is now stabilised around ~$340 million, which is not a joke at all.



Features:

The DOGE code structure is similar to LTC. This crypto can be used as a secure P2P payment method. DOGE payments and tips usually taking place in online communities and subreddits, where users post memes related to the currency. Let's run through it's general particular qualities:

1) Catchy.

If you are in the crypto for awhile, you've probably heard of Dogecoin. DOGE is quite memorable thanks to the Shiba Inu meme, which is gaining more and more popularity in the internet.

2) Charitable.

Dogecoin community is known in participation in charity events. For example, NASCAR driver Josh Wise was looking to raise $50,000 from a sponsor to participate in a race, and he found financial help in dogecoin subreddit. This story is very famous.

3) Fast.

Dogecoin transactional speed is quite fast, all jokes aside. It can go through in seconds, leaving LTC and DASH far behind. It's strange that no one talks about this feature of DOGE.



My personal feeling about the project:

DOGE is the most original and extraordinary crypto. DOGE founders wanted to create a coin that would be perceived as something positive and funny. AND also to create a community where people don't take things too seriously. In addition, the Dogecoin community has repeatedly supported fundraising for charity.

A very interesting cryptocurrency, the strong point of which is the community created over the years. And this, by the way, is the fundamental factor in the basis of the value of a cryptocurrency. Many high-tech blockchain projects have strong developers and revolutionary ideas, but cannot boast of a such a confident "fan base" and a large number of ideological followers. I believe that with the growth of the cryptocurrency market, Dogecoin has every chance to shoot for the stars in the near future.

Pros & cons

  • Wow, such wealth, very fast
  • Wow, much coins, many doge
  • Elon Musk's favorite crypto
  • Dogecoin standard is not yet a global financial standard