Dogecoin became the second largest tip currency on the line for only one week. Many people participate in the trade of dog coins, not to participate in speculation, but to use it as a means of expression sharing and gratitude. There are three possible reasons why Doge cryptocurrency can be swept around the world: tipping culture, charity culture, and sprouting culture.
First, the concept
The concept is unique: In the opinion of the blogger, Dogecoin is definitely a wonderful work in the currency world. Although there is no such thing as Reebok, Bitcoin, Ethereum and so on, the number of users of the dog's coin is very large, and the marketing is well done. The coin was born on December 8, 2013. Based on the Scrypt algorithm, it was the second largest virtual currency in the world after Bitcoin. On June 9, 2015, the number of active sites, Bitcoin 196,000, Dogecoin price 83,000, Litecoin 11,000; foreign twitter concerns more than 150,000 users, which is 1.7 times Bitcoin, Litecoin 6 times. Relative to the technical value of money, the dog's cultural and humanistic sentiment has earned it a lot of users' hearts, many fans, and it has done a lot in marketing and promotion in the country. There will still be some speculative space in the future.
Second, the technological form
The technological form is better and has the potential for an outbreak. In 2017, although there was also a rise in the number of Dogecoin, the increase was modest. From a technical point of view, the pattern was very good and it was always in a rising channel. Will prices rise suddenly and sharply in 2018? I think this may be great, and the low price is the basis for speculation.
Third, the investment strategy
Speculation does not have to be analyzed. If Dogecoin is gone, they will be gone. Many people purchase Dogecoins, but they never meant to profit, in other words, this is not the true and meaningful investment.
Even the founder of Dogecoin never thought of things would happen like this. The popularity is beyond imagination. I guess people these days are really wild and funny. And can do things nobody could have imagined. Till these days, the Dogecoin market cap ranking is still considerable. So the prospect of the Dogecoin, I’ll say, is pretty good.
