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Review on Dogecoin by Nicholas Baker

Revainrating 4 out of 5

The coin that was kicked started as a meme

I have known about Dogecoin since the conception of it first began on the internet. The joke surrounding the currency is the idea that an internet famous dog that is related to comedy is going to be a legitimate currency. The idea and name if it was circulating on multiple platforms within the internet for some time before its uprising as a majorly known form of cryptocurrency. For it starting as a joke it has what seems to be a solid following structure and easily accessible amount circulating. It has had many ups and downs during its journey but seems to have some solid ground to stand on and seems safe enough to invest in.

Pros
  • Largely known about
  • Cheaper to start in compared to other crypto currencies
  • History of large rises
  • Backed by many influential figures
  • Starting to be accepted as payment in certain locations
Cons
  • Publicity surrounding the currency has slowed down
  • The meme community has mostly stopped talking about it

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