Review on Dogecoin by Ayu Anggraini
Doge coin review
Doge coin currently sitting at rank 31 in coinmarketcap. With daily volume more than 266 millions USD per day. Yes you heard it right! Doge coin is a memecoin which has over 120 billion Dogecoins in circulation. From fundamental analysis the investor should not take this coin seriously because its huge supply and there is no clear allocation or distribution of this coins. Founder might dump his coins in market all the time to community. But because of its popularity,low fees and huge community, this coin made its peak at 80+ satoshis. Nothing special about it and there is no such serious development about this project and future plan, yet it is the most used crypto currency in daily basis. Its always used for deposit and withdrawal in exchange by my self because of the low fee of transaction! I did not reccomend this as an investment choice, unless the team will take the project seriously.
Pros
- Popular and easy to use wallet
- Very low fee and chosen as favorite coin to withdraw and deposit in exchange
- Huge volume from trading every single day
Cons
- Large supply (you can say dogecoin has no limit)
