I have some DOGE, received from faucets. Not much just around 500.
After the increase in the transaction fees of BTC, I have thought of converting my BTC and LTC to DOGE for the transactions and keep them as DOGE. On the second thought, I thought of converting my DOGE to LTC and keep.
I have gone through some articles about DOGE's future price and I got some 50-50 opinions. I discussed with my friend and he suggested me to hold till mid-2021, I can't say why till mid-2021.
It's true that many sites have started accepting DOGE, thus it is getting popular so there is a chance that the price may increase. Still, my knowledge says there are certain loopholes like there is no upper limit in mining DOGE and it is still much easier to mine compared to others. In short, the demand & cost curve is a bit of a failure here. Though one can't say what might happen after 20 years.
Here I want some expert advice on this. Whether it is a good idea to convert and hold or keep my DOGE reserve constant.
DOGE was created as a joke, but it quickly turned out to be an interesting, large community-pervasive field. Doge is acceptable for all internet enjoyment and streamers also benefit from it. Because it has such a large community, it can make big bangs when it comes to Elon Musk. Doge is also getting more and more attention. Some form of coin serving the community like Steem back in the day, it was also a powerful catalyst that diversified the market and mixed a lot of excitement. I rate the Doge as a good coin for the long term. For your situation, if the exchange value for BTC / LTC is not much, convert them and keep Doge. I think it will promote more profits.