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Dogecoin Future: Is this Crypto Worth Investing in?

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Dogecoin
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Ever since the creation of Bitcoin (BTC), cryptocurrencies have been growing in number, and this has continued to this day. A lot of them came as a part of a serious campaign that aimed to top BTC and become a successful alternative as soon as possible. Among these currencies, there also came to be one with a lot lighter point of view, which might be just the thing that allowed it to remain alive to this day. Of course, we are talking about Dogecoin (DOGE).

What is Dogecoin?

If you are new to the world of cryptos, you might not be familiar with Dogecoin just yet. After all, the crypto has been experiencing a pretty passive period lately, but it is still out there, hanging on and refusing to surrender.

Obviously, Dogecoin is a cryptocurrency. It was created in 2013 by Jackson Palmer, and the rumors are true, the crypto was indeed created as a joke. It started as a suggestion that received an unexpected amount of support, so Palmer decided to just make it for the fun of it. What neither he nor anyone else, have expected is that this joke currency will actually achieve this level of success.

The reason for this is that Dogecoin was fun and light, when all the other currencies were serious, with big issues, and were putting in a lot of effort just to stay alive. DOGE was simply there for the fun of it, created from an internet meme that was popular at the time, and really just enjoying itself. It became an interesting crypto that was easy to use, and cheap to buy. The community quickly found a way to use it for tipping purposes, instead of simply liking or upvoting comments and posts.

About DOGE

DOGE is an interesting coin in several aspects, actually. It is, essentially, one of Litecoin’s (LTC) forks, but it decided to go its own way and change multiple parameters. It has a block time of 1 minute, for example, while Litecoin’s is 2.5 minutes. Apart from that, its coin supply is basically unlimited, as well as uncapped.

Apart from that, it has a pretty well-developed community, although it appears that more and more people are losing interest in the coin. Threads dedicated to this crypto are still active on places like Twitter and Reddit, but a lot less on BitcoinTalk Forum, which once served as an official channel of communication. DOGE’s community also had a decent presence on GitHub, but it has been around three years since the last update there.

Problems regarding Dogecoin

Dogecoin’s community seems to be losing their interest in this coin, and it might be for several reasons. The first one might be Jackson Palmer’s decision to abandon the project. This is not necessarily a bad thing, and crypto can survive with ease even without its creator’s support. Bitcoin is the living proof of that. However, Palmer did not only take away his support when he left but also DOGE’s direction and perhaps even purpose.

Next, DOGE is suffering from a continued inflation, which is not good for its investors. Investors are after the money, and those who cannot receive a good return on their investments usually won’t bother investing at all. Finally, the coin’s developers haven’t exactly been busy all these years. There has been no progress, update, new project, or anything alike for the last two years, which is a lot in the world of cryptos. Just look at other ones like Ripple (XVG) or TRON (TRX) who are making partnerships, products and alike nearly every week.

Dogecoin’s potential investors should not take this the wrong way, though. The coin is not dead, and it still has a pretty strong presence. Its current price according to CoinMarketCap is at around $0.003430, and it holds the 46th rank. However, DOGE is not the crypto that will make you rich anytime soon. The community is there, still alive, and still using and supporting the coin. And who knows, perhaps the future holds a big plot twist for this currency.

The decision whether or not to invest in it is up to the investors themselves. They do, however, need to have all the facts before doing it, though. The coin is fun, easy to use, and has potential. What it lacks is strong leadership and a project that would make its development team busy.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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