). Whatever the reason, the sky has been the limit for the Dogecoin price, which has been known to climb as much as 1,000% in as quickly as a month. trade on its social prowess
Many investors have ridden the DOGE wave without giving too much thought to what value Dogecoin actually brings to the table. But there comes a time when investors will need to ask themselves, “Is Dogecoin a good investment?” The answer has a lot to do with your risk/return profile, but there are still some conclusions we can draw about the cryptocurrency that has catapulted meme coins into the stratosphere.
Neither Palmer nor Markus are directly associated with the project any longer. That right there could be a sign that Dogecoin is an unstable investment, but the project took on a life of its own thanks to the dedicated core development team and the Dogecoin community. As a result, Dogecoin as an investment has defied the odds so far. Some say Dogecoin is a bubble that is waiting to burst, but they have yet to be proven right.
Dogecoin uses the proof-of-work consensus algorithm, though a different variation than the one that Bitcoin uses. Transactions are speedy, being completed in one minute on the blockchain. This strengthens Dogecoin’s use case as a currency, as it allows for quick and safe transactions.While Bitcoin has a finite supply of 21 million coins that will ever be mined, Dogecoin has no such ceiling.
what about no
I think it is something about elonmusktwitter 😌
All in one I suppose
ADA $ADACARDANO Is leaving confirmations that a strong Rally may come, Buyer volume increasing since testing the $0.46 region, ADABTC is performing well. another bullish indicator. We are keeping an eye on ADA. 💎📊
I’m ready for lab coin
Seriously you have no other job to post this?
BabyDogeCoin