For a shitcoin Dogecoin is doing quite well. IMO this coin has only one advantage and that is good marketing.
With hipsters and appleFanboyz, nowadays image is better than function.
Some points I noticed
Dogecoin is #5 on coinmarketcap vs Litecoin. Litecoin is 5x higher.
Dogecoin Hashrate 903 GH/s vs Litecoin 1.15 TH/s. Litecoin is 20% higher.
Dogecoin is 9% less profitable to mine than LTC.
etc...
And....
This thread should be in "Alternate Cryptocurrencies"....
Dogecoin is actually merge mined with litecoin. So anyone mining scrypt for just litecoin, will be missing out if they are not merge mining for doge.
Yeah litecoin's price is 5x higher, which shouldnt be the case anymore seeing as how our community is stronger, and our network is stronger than litecoin's (we can merge mine with any scrypt coin, they cant (unless they hard fork, which will be difficult for them to do).
I posted this thread here because its a speculative thread, and my target audience is this group "speculation," not the yik yak of a million other alt coins talking about non-speculative topics.
Dogecoin has a strong community that's for sure
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
Ok so merge-mining is a plus point... If I am correct this means that
You believe: People want Dogecoin, and mining LTC is an added bonus.
Maybe the world believes: Dogecoin is a bonus system for mining LTC so while it's around I will mine LTC through Dogecoin until it is worth shit.
If the second applies Dogecoin will forever be bound to the LTC and breaking loose will be a problem.