Reasons Why Cryptocurrency Traders Should Take Dogecoin Seriously

Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Think of it as "the internet currency."
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Reasons Why Cryptocurrency Traders Should Take Dogecoin Seriously

Wed Jul 04, 2018 12:24 pm

The cryptocurrency market has become a happy hunting ground for millions of traders spread across the globe nowadays. Along with the decentralized method of payment and transaction of these currencies, the vast number of available currencies is also grabbing the attention of several investors around the world. Under the circumstances, the competition to achieve a decent market capitalization and coin price is becoming increasingly difficult for the relatively newer coins.

Among the eighteen hundred currencies currently available in the market, there are very few currencies that exhibit considerable stability amidst market turmoil. Dogecoin certainly belongs to the group of such digital currencies. While the most popular cryptocurrency Bitcoin is going through severe ups and downs within a matter of weeks or even days, the price of Dogecoin seems to remain almost entirely unaffected.

Although Dogecoin started its journey as a “joke”, the distinct features of this coin and its gradual technical developments have helped Dogecoin to acquire a commendable market capitalization (Approximately $340 Million on 29th March 2018). In 2017, an article of Dogecoin was published in the renowned newspaper The New York Times. The article consisted of severe animadversion of this cryptocurrency and vindication of the fact that Dogecoin was indeed a “joke” even after spending more than three years in the market.

Here, a few aspects of this currency would be discussed highlighting the fact why it is not really a mere “joke” and why investors should take this currency seriously.

https://globalcoinreport.com/reasons-wh ... seriously/

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