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Dogecoin Future: Is this Crypto Worth Investing in?

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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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Blogs

Stablecoins Rivalry: Which New Coin will Replace Tether (USDT)?

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After the recent Tether (USDT) incident, a lot of investors started paying more attention to stablecoins. However, they were quite popular long before USDT started losing its value, and a lot of new ones were in development for a while now. These days, the stablecoin invasion is in its full swing, with around 57 coins being around — either already in circulation, or about to enter.

While most crypto investors already know this, we should explain that stablecoins are cryptocurrencies that are backed by another asset. This other asset is often a fiat currency, such as the USD. This is done so that their price would always be the same. with each coin being backed by the same amount, which is usually $1. That way, the coin is able to escape volatility, and ensure stability, hence the name.

While there were numerous stablecoins in circulation already, the one that made them known and popular was Tether (USDT). This is a coin issued by the Tether company, which claims that it can back each coin in circulation with 1 USD. However, since the company failed to provide proof that it actually has enough money to do so, the coin lost its credibility, and investors started dumping it.

This has left an empty spot in the space, and numerous stablecoins rushed in to fill the gap left by Tether. Today, we will review some of these coins.

1. Tiberius Coin…

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Altcoins

5 Reasons Why BAT is A Good Investment

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In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

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How and when Electroneum (ETN) mass adoption will catch fire

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Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

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