Hi, I have some Dogecoins. I read it hit 2 billion market cap. I am a newbie . a friend suggested that i dump it and buy reddcoin.
experts please suggest.
Dogecoin is hard to call an investment coin, but the fact that its price is growing is true, but I think that the price increase is due to the fact that the price of Dogecoin is indirectly related to the price of Bitcoin and in dollar terms, as the price of Bitcoin grows, Dogecoin also grows. Another factor affecting the price of Dogecoin is the demand from those who use Dogecoin to make cheaper and faster transactions than other cryptocurrencies and the demand from gamers for games that are very common in Asia. But, if you look from the perspective of prospects, then I would choose Redcoin for investment.