Review on Dogecoin by Milos Manic
Dogecoin
Dogecoin was created in 2013 as a meme coin, its only purpose was to bet with it. It had no value until Elon Musk picked it up. Elon has been constantly raising his price, but as he loses more and more influence in the crypto world, I don't think he will be able to do that anymore.
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Doge has no team behind him and has no purpose.
10,000 new coins are created every minute, and therefore there is no potential for price growth.
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50% of dogecoin is in the top 12 wallets. This means that if they sold everything the doge would lose value again.
Dogecoin only paid off for people who arrived on time, but today I see no reason for any investment and holding of this coin.
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Pros
- good for betting
Cons
- there is no future
- its price may fall in a very short time
- does not solve any problem
- there is no team behind it
