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Author Topic: Why did dogecoin survive?  (Read 761 times)
coinporch
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June 24, 2020, 10:32:31 PM
 #21

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

if i'm not wrong, at the first time dogecoin born just a meme coin,
but with huge support from the community, and maybe thats why this dogecoin survive until now

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June 24, 2020, 10:38:03 PM
 #22

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.

Yes, they started like a meme. But look at where they are now, a lot of exchanges are also listing them without any submission from the doge team. I think most of us up until now is using doge when you transfer from one exchange to another because of low tx fee as compared to btc. I think that is one major use case of this coin. A transfer coin from one exchange to another. The reason why they also survive in this market.
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June 24, 2020, 11:04:33 PM
 #23

dogecoin still has a lot of fans, that's why until now dogecoin still survive in the crypto market.
although i'm not a fan of dogecoin, but dogecoin is still a pretty good coin for investment.

talking about falling prices, all coins are currently in that period.
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June 24, 2020, 11:16:17 PM
 #24

dogecoin was unique coins which is as a alternative portofolio while crypto market. if we see its price in chart actually holding or trading dogecoin very easy to generate profit. when its price drop , its fastly recovery again. if we know dogecoin character in market i am sure it will be main portofolio for us.
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June 25, 2020, 12:01:54 AM
 #25

if i'm not wrong, at the first time dogecoin born just a meme coin,
True, dogecoin still alive until today because doge memes are pretty popular until this date. Therefore, the popularity of this coin is still comparable with other top coins although the price is not that competitive. Dogecoin has its own place in this crypto's community.

Even if it's just pump for 10%, you already make decent amount of money i believe.

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June 25, 2020, 12:17:14 AM
 #26

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

if i'm not wrong, at the first time dogecoin born just a meme coin,
but with huge support from the community, and maybe thats why this dogecoin survive until now
In addition to community support, many people like dogecoin and transactions using dogecoin are quite fast and the cost is very cheap compared to using other altcoins, I often use dogecoin to withdraw my trading results
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June 25, 2020, 01:37:30 AM
 #27

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.
Doge coin is a zombie coin without active development progress and people are still using it as a cheap coin to be used to create a small tx with very low fees.

The price is decreasing a lot caused by people aware if they need the use-case from the coin that's sad to see the doge dev has already retired from a long time ago to develop doge.

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June 25, 2020, 01:54:23 AM
 #28

Actually, if I see a doge has experienced a lot of increases. if you know the history that in the past doge only altcoin was given free of charge and giveaway and now this has grown. don't we see that. the price of the doge is cheap because indeed the supply is so large that prices cannot rise. but several times the price rose quite dramatically

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June 25, 2020, 02:12:57 AM
 #29

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

 Well, yes as of the moment it's price is at $.0024 but it is still a good coin despite of it's low price. Since it id an open source coin thus it is one of the friendly usen crypto coin. Aside from that, most of the gambling sites supported dogecoin thus making it to survive until now. It was once reached $.01, so it is possible that it may go up and reached that again when the market bull comes.
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June 25, 2020, 02:21:45 AM
 #30

I only know that Dogecoin was supported by many people, even the whales support that coin too so that Dogecoin can survive in the hardest situation. Until now, Dogecoin still gets that support, and if you check on many exchanges, you will see that the order buy and sell in those exchanges have a big amount of bitcoin, and it's waiting to be fill. Once the dogecoin increases, the increase will be so high, making a big profit for people who hold Dogecoin.

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June 25, 2020, 03:29:49 AM
 #31

If I'm correct, it's almost the same thing with bitcoin? It reached 0.01$ once but since then, its price is decreasing.
Doge coin is not like new cheap coin,it exists here for longer time and also it follows the same path of bitcoin in long term like bump and dump so it is perfect for someone to make money in long term with less capital.
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June 25, 2020, 03:33:29 AM
 #32

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

It may be the price was too cheap, but if your gonna check the community they have it's more stable than other altcoins that have been arise in crypto space. That is because they established the strong community in this field of business. And this was one of the pioneering coins in cryptocurrency too it could be an advantage as well.
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June 25, 2020, 04:07:35 AM
 #33

Actually, if I see a doge has experienced a lot of increases. if you know the history that in the past doge only altcoin was given free of charge and giveaway and now this has grown. don't we see that. the price of the doge is cheap because indeed the supply is so large that prices cannot rise. but several times the price rose quite dramatically
History of Doge coins is developers make these coins only as memes, so they choose the face dog as a symbol coin. But unexpectedly, their coins were very accepted by the Crypto public, perhaps because the Doge coins had a low fee. Until now, when want to withdraw I always choose Doge coin.
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June 25, 2020, 07:23:08 AM
 #34

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 one of the oldest cryptocurrency is the crypto space, I think it survived because of the team handling it however it failed to grow because of its high supply and very low demand curve in the market

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June 25, 2020, 07:59:23 AM
 #35

Actually, if I see a doge has experienced a lot of increases. if you know the history that in the past doge only altcoin was given free of charge and giveaway and now this has grown. don't we see that. the price of the doge is cheap because indeed the supply is so large that prices cannot rise. but several times the price rose quite dramatically
History of Doge coins is developers make these coins only as memes, so they choose the face dog as a symbol coin. But unexpectedly, their coins were very accepted by the Crypto public, perhaps because the Doge coins had a low fee. Until now, when want to withdraw I always choose Doge coin.

Funny but it's true, though there's still function for this coin serving as good alternatives when transferring fund
between exchange to avail lower fees.
This project survive due to usages there are crypto casinos that catered this coin and allow gamblers and investors
to use this coin from their platforms.



Commonly, as  long as there are users to continue patronizing this project the coin will survive.

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June 25, 2020, 08:04:42 AM
 #36

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 one of the oldest cryptocurrency is the crypto space, I think it survived because of the team handling it however it failed to grow because of its high supply and very low demand curve in the market
It looks like you didn't update with the latest news from doge and based from some informations that have already published if the developer of doge coin have gone. None has controlled doge coin and i suggest you to read the latest news about that.

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June 25, 2020, 09:00:37 AM
 #37

Even dogecoin has a low price of $0.0024, and it still has a long way to reach $1 there is a possibility that dogecoin will survive in the future because it has a strong community and the team members are doing everything to make their coin promising and successful.

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June 25, 2020, 09:17:37 AM
 #38

Dogecoin is like another Bitcoin but with large max supply which still makes many think it's another shitcoin and it's preferable by investors and also a well supported coin, if this coin was build by new developers of today it would have die many times already, old is truly gold

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June 25, 2020, 10:08:07 AM
 #39

Old coins usually survive as they already have gain good liquidity being listed in difference exchanges.
Though I think that DOGE has no potential in the future but there are still traders who are trading this coins and there are demand since gambling sites also accept doge as a payment method, it's a good alternative actually if we are looking for a fast transaction but a cheaper fee.

Almost $200 million trading volume combined in 24 hours. https://coinmarketcap.com/currencies/dogecoin/markets/

I think that volume is the reason why it still survive.

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June 25, 2020, 10:39:51 AM
 #40

there are many reasons why dogecoin still survive today.
fast delivery, low transaction fees and then large daily volumes, indicating that this coin is very much in demand or demand is always busy every day.
This coin is also often used by online gambling sites as a bet, due to the cheap fees compared to BTC or eth.

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