What first started as a joke currency, it is not a joke anymore. People are really investing in Dogecoin. Dogecoin is not a deflationary coin because its supply is uncapped when it reaches the declining yearly inflation rate which is about 5.256 percent, it will keep a steady pace and it will remain stable. Because the price will be stable, people might be encouraged to invest in it and spend it rather than keeping it in high hopes that the coin will grow forever. It has very low transaction fees because miners always get rewarded and therefore are always keen on keeping the network secure and process transactions with no delays.
Because of all of this that I said,has a pretty good shot at being used in retail transactions. I do believe that Bitcoin, Litecoin, and Ethereum however, will continue to be leaders in the cryptocurrency world, but dogecoin has a good shot at becoming the new digital dollar.
For those who don’t know, Dogecoin is a fork of Litecoin with a few changed parameters such as having a 1 minute block time while litecoin has a 2.5 min. block time.
Here you can find some interesting information, news and updates about Dogecoin or any other cryptocurrency here on this
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