- Dogecoin is based on Litecoin and has the same technology behind its proof-of-work (POW)
- Dogecoin can be mined alongside litecoin because they both have the same technology behind their Proof-of-work, that's why a lot of litecoin miners also mine dogecoin alongside it
- Its transaction fees are cheap and very easy to afford
- Dogecoin also have an exceptionally short block time
- It's platform is easy to use
- Dogecoin is a coin of very less value, thereby not drawing much interest from the public and traders.
- It is not stable like every other cryptocurrency
- It's security is less in comparison to other altcoins
- It's profitability is very low because it is mined using the proof-of-work technique