1 Level
9 Review
7 Karma
Review on Dogecoin by Shalini Saxena
Dogecoin
When it is considered from the point of the view of the investment, the continued inflation is not good. There are more chances that the user might not get the expected returns on their investment. The dogecoin has also become directionless after the departure of the creator of the project. The development community of the dogecoin has not done anything great for the last 2 years. Despite the benefits over other cryptocurrencies, these factors are enough reasons for not investing in the Dogecoin and its downfall in the future.
Pros
- In a period of just ten minutes, it is able to process nine times the transactions processed by the bitcoins. It is also capable of processing two times more transactions as compared to the litecoin in a period of just two minutes.
- The price for all the altcoins would be quite higher if the dogecoin would have been adopted in the last 12 months by payment processors.
Cons
- Dogecoin are in high supply in the market and it is most likely that the coin will not reach 1 dollar in the near future.
