Quote from: bitquad on November 21, 2024, 01:25:39 AM

Quote from: Bournesparks on November 20, 2024, 05:38:51 PM

Hi.. There’s been a lot of recent hype around Dogecoin, especially following Donald Trump’s win. The price action has shown some strong bullish candlesticks, likely influenced by Elon Musk’s frequent post about it even naming an upcoming government organization with the initials.

At the moment, I’m considering staking Doge here because the

APR looks quite attractive and it's also flexible.. My plan is to hold it for the long term, ideally until it potentially reaches $1—or even higher, depending on the market hype

Do you think it’s realistic for Doge to achieve $1 in the near future??

Doge is a POW network, not POS. If someone is staking your DOGE it means they are gambling with it and when the rug gets pulled you lose.

Staking Dogecoin (DOGE) in the traditional sense is not possible because Dogecoin operates on a proof-of-work consensus mechanism, not a proof-of-stake. However, there are alternative methods to earn a return on your DOGE holdings through custodial services.

If you look at the pictures.. it's an exchange providing the service not on a dex, so I believe it's okay to do so like I've done.. plus the APR is 10% and flexible..seems it's like an opportunity that won't present itself