Post
Topic
Board Altcoin Discussion
Re: Why did dogecoin survive?
by
Abiky
on 26/06/2020, 18:09:52 UTC
If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.

Despite being abandoned in development, Dogecoin managed to survive because of the persistent community supporting it in every way. Being an inexpensive cryptocurrency for micropayments, tipping, and other sorts of things, Dogecoin has found a way to maintain adoption in the mainstream world. Other cryptocurrencies that have been abandoned by developers, are not as lucky as Dogecoin. Maybe it has something to do with how old Dogecoin is? Considering that there are a lot of exchanges trading Dogecoin, it looks very unlikely it'll die anytime soon.

As long as Dogecoin has an inflationary supply, its price will continue to decrease on the market. The bright side of this, is that people will be able to experiment with the world of crypto at a fraction of the cost of traditional cryptocurrencies like Bitcoin and Ethereum. 1 DOGE will always be equal to 1 DOGE no matter what. Personally, I find Dogecoin to be a tried-and-tested cryptocurrency for quick transfers without "breaking the bank". Most cryptocurrency enthusiasts have found Dogecoin to be quite an attractive coin to buy, "hodl", and use because of the aforementioned reasons. I wouldn't be surprised if Dogecoin lasts a lifetime because of its ever-growing community in the crypto/Blockchain space. Newer coins have a higher risk of fading into oblivion if they become abandoned by the "next big thing" in crypto. But Dogecoin is a special cryptocurrency that will keep going no matter what happens in the mainstream world. Just my thoughts Grin