Why did dogecoin survive?

[BlackHatCoiner]

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.

[Balladtony77]

Don't be surprised, dogecoin is a perfect example for many new projects, I wish new projects can learn from this project, it's well backed by a strong community, keeping a coin alive isn't that hard once community loves the project, dogecoin over new projects Hell Yes for me

[Flickkk]

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.

As far a i know doge coin is one of the main coin that stands up. and prefer by investors those days because of it proportionallity to bitcoin. Doge coin is better than other coin from 2018..

[mindrust]

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.

Low demand + unlimited and huge supply. It will always go down as long as these two conditions hold.

The demand is low because it is not something unique or has something interesting. (other than being a meme coin)

It might jump and surprise everyone though.

It did a few times before when nobody was expecting it.

[assa1979]

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.

I have almost same question about Ripple coin which is insane how long its bear run going on

[kevin_crypto]

Doge's price descent is likely due to the infinite supply that is inflated by a significant value per year.  Perhaps it still stays alive due to the meme nature of it.

The early year it was created and launched in is also advantageous: it was launched at an early age of Blockchain, right when memes literally exploded all over the web so it does not surprise me at all that it still survives many years later.  Furthermore.. it is cheap, fast, the fees are absolutely meaningless.. only if strong development continued, it might have been placed higher in the ranks today.

But being a joke cryptocurrency, it probably would not be a very sane move to make it a legitimate, widely-adopted one, albeit in case of a real cooperation with Musk it would not be too far-fetched.  

It might jump and surprise everyone though.

It certainly has a very cyclic and unusual graph for a cryptocurrency and many expect a new cycle to begin soon.  The latest Doge predictions were not very accurate though, the new cycle was supposed to begin months ago but it seems to be on a constant delay.

[blockman]

Dogecoin survived thanks to the community that happily supported the coin. It's the main reason why it is still standing today. If it's not because of the community, dogecoin is like the other altcoins that didn't get any support from the community and will just die a little by little.
The coin was made due to a joke and the people liked the coin because of its speed and just embraced it like any other popular altcoin that we have today.

[babygun]

Even though it is considered as a joke cryptocurrency, I still like dogecoin. Fast transactions, low fees and you can use it at many casinos.
Community is still active and supporting the project.

[pilosopotasyo]

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.

Not only Dogecoin all coins in the market that include Bitcoin has their all-time high cut in half or even higher, but it also survives because of the many merchants using it and the strength it has in the market, you can find in almost every exchange, it will always survive just like one of the old altcoin Litecoin.

[DoublerHunter]

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.

Low demand + unlimited and huge supply. It will always go down as long as these two conditions hold.

The demand is low because it is not something unique or has something interesting. (other than being a meme coin)

^ Definitely right, I am correct, dogecoin has a 123 billion in the market and probably it loses the interest of investors to hold this coin.
But I do not have doubt that dogecoin will back in rocketing soon, it is listed on a couple of high profile crypto exchanges. But when this dogecoin will successfully listed on Binance next month by July of this year, I am sure it will boosted again the price. Nevertheless, it is hard for us to give an accurate forecast of these predictions will hold water. Keep believing, probably there will be a resistance of dominance in doge.

[HunterUnchained]

Dogecoin has been massively underachieving since its inception. I have been disappointed with how the team have handled its developments. They haven't done enough and continue to repeat the same mistakes that has kept it out of fulfilling its true potentials. Considering how long this project has been around the industry, it ought to have gone way up to the top than it currently is. I truly hope they find their footing..

[bttmember]

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.

Why do to want to see it dead? It is surviving just like many other coins are surviving and surviving well, yes it was developed as a fun coin but it serves the payment purpose well and it has low fee and faster transactions than many other coins due to so many coins in the market now definitely dogecoin has many challenges and it is struggling to stay in the top but i think it can survive in the market if the developers continue to upgrade and develop it further.

[bakasabo]

Dogecoin is widely used in cryprocurrency gambling platforms. I've noticed, that while doing some kind of achievement for a price, gamblers prefer to use dogecoin. Also betting 1000 doge looks more "rich" than betting 0.00026. Even though it is still only $2.4.

Also transactions in blockchain are cheap and fast.

[thesmallgod]

The price might be getting low but it is still preferable more than many coin that on exchange today. This is because being one of the oldest coin, It has gain much popularity than many of the available coin today. It has become part of default coin that is supported on any platform which thereby give it more attention. It might get lower trading volume but I am very optimistic it will never get to a point whereby we shall see dogecoin having zero trading volume.

[Guryon_master]

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.

Dogecoin has already proven itself in the market value the thing that most altcoins were not capable enough and die sooner.  That will be the solid reason why dogecoin will remain. Just an opinion.

[BitSat19]

Dogecoin is widely used in cryprocurrency gambling platforms. I've noticed, that while doing some kind of achievement for a price, gamblers prefer to use dogecoin. Also betting 1000 doge looks more "rich" than betting 0.00026. Even though it is still only $2.4.

Also transactions in blockchain are cheap and fast.

This is main point as some years back I was also using this too much for gambling as fees was very low and confirmations also coming very fast but recently few sites now not updating so I am also changing but one thing is sure Dogecoin can give surprise in near future as its really perfect example for many new coins and projects.

[serjent05]

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.

As far as I know, Dogecoin reached $0.01  because of one pump group.  And this pump brings disaster to the member of that group because their pump leader deceived the group by dumping his own stash to the member of that group.

I think it has a solid community before, and maybe some of them stay to support Dogecoin.  Aside from that dogecoin is used as alternative in transferring cryptocurrency from one exchange to another because of its low fee and fast confirmation. In short, there is still a demand for Dogecoin.

[ene1980]

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.

Dogecoin is a fun coin for starters to learn everything about the cryptocurrency market and they never advertised it as the next big thing like the rest of the coins in the market, like Litecoin, Dogecoin too started as a fun coin and then it got the traction and now there are gambling sites that start accepting dogecoin which is a really cool aspect for anyone who wants to enjoy gambling at a really low valuation and no one is accumulating the coin thinking it would rally indefinitely.

[Lanatsa]

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.

Why it survive? Because theres still demand to it and yes this is same as old with bitcoin but basing of on its entire supply then its understandable on why it do have that kind of value

and also DOGE is known to be a meme coin but people do still make use of it and mostly useful when we do gamble if we do really like to enjoy gambling even more yet

we know that value isnt really that big and would still have lots of coins to spend on.Aside from gambling aspect, there are still believers of this project.

[Ibizugbe1]

Although Dodgecoin supply ia very huge it ca easily give profit and good for fund movement. Its price does remain re-relatively stable during bleeding day.