Review on Dogecoin by Paul Maduagwu

Name: Dogecoin
Item: Dogecoin
Rating: 3

October 11, 2020

DOGE is one of the original cryptocurrencies.

Dogecoin is a user friendly cryptocurrency project. It uses its own blockchain and is widely supported by many wallets and Exchanges. Dogecoin's main usecase is for making payments, recently is has been used as a tipping coin for rewarding small tokens to people during social media interactions.
Its price is currently around $0.002, and major trading market is Binance with its DOGE/USDT trading pairs according to CoinmarketCap. The project is still holding strong among top crypto projects despite its limited usecase. It uses a Proof-of-Work consensus, so apart from making payments, $DOGE can also be mined for passive income. Unlike most cryptocurrency projects, Dogecoin does not have a max supply, which makes it an inflationary coin.
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Pros