DogeCoin (DOGE) has become an unexpectedly popular coin even for developers. In 2013, nobody knew about it, but now cryptic currency is on 36th turn of tops of most common coins. Capitalization of DogeCoin – $ 976 million. A total of 112 billion coins were issued, despite the fact that today price of one DOGE is about $ 0,008 (that’s even less than 1 cent).
The name of crippled item appeared not by chance. The American developers from another company Billy Marcus and Jackson Palmer used popular internet meme with Shiba Inu hunting dog. It is difficult to explain popularity of this meme, but many people like this nice photo. In 2017, it could be found quite often online. The digital coin has unexpectedly become popular due to its viral name. When Reddit wrote about cryptography on a site, many users were interested in buying DOGE.
Money with DogeCoin: pros and stages of development
An important role in growth of prices has played ease of use. After all, on site of crypto currency it is possible to set up your online purse in few minutes, and then buy or own a “dogma” to pay them for various services on Internet. It is noteworthy that price of DOGE varies very rapidly.
For example, on December 25, one DogeCoin was worth 1 cent, and on December 30 – $ 0,007. And the price always fluctuates. Look at the schedule itself. Yellow line shows a change in price of the coin. The situation is similar to the roller coaster.
From here we can see that DogeCoin is rather profitable way of banking. With the help of this payment system you can contribute money to your deposit in the virtual casino, use this money in the game, and then display winnings. Conducting deposit via such a crypto currency as DogeCoin is very profitable and, most importantly, simply, quickly and conveniently, even for beginners. However, it’s very difficult for society to assess advantages of DogeCoin – it is a paradox. The currency is popular, but there are dozens of analogues that are almost unchanged. But now DOGE is considered “fashionable” and “cool”, as the users themselves point out, by currency.