Why did dogecoin survive?

[layoutph]

Dogecoin is just meme coin that end up being one of coins with a good potential. See it's past charts? It wont go up as high as 20x to 30x if theres no whales that backup it up. It has a very very strong price support that no one can dump it.

[joshua123]

Dogecoin is just meme coin that end up being one of coins with a good potential. See it's past charts? It wont go up as high as 20x to 30x if theres no whales that backup it up. It has a very very strong price support that no one can dump it.

But any use case of this coin? I know it almost the same time when this coin has been launched with bitcoin and litecoin but anybody can explain here what is the usefulness of this coin on the market aside from trading activity? Yes they are just meme but somehow it becomes active on trading and even listed on Binance market which is really a good progress with this project. This exchange only list potential project but why dogecoin is on their radar?

[junkerr]

But any use case of this coin? I know it almost the same time when this coin has been launched with bitcoin and litecoin but anybody can explain here what is the usefulness of this coin on the market aside from trading activity? Yes they are just meme but somehow it becomes active on trading and even listed on Binance market which is really a good progress with this project. This exchange only list potential project but why dogecoin is on their radar?

maybe dogecoin has other functions that are better and can be used by traders other than the development of platforms that are not so clear. but many people also use dogecoin and even as you say. Large exchanges also have this coin list.

[Bezobraznike]

But any use case of this coin? I know it almost the same time when this coin has been launched with bitcoin and litecoin but anybody can explain here what is the usefulness of this coin on the market aside from trading activity? Yes they are just meme but somehow it becomes active on trading and even listed on Binance market which is really a good progress with this project. This exchange only list potential project but why dogecoin is on their radar?

maybe dogecoin has other functions that are better and can be used by traders other than the development of platforms that are not so clear. but many people also use dogecoin and even as you say. Large exchanges also have this coin list.

    Junkerr the answer is community. Doge coin have one of the strongest communities. What is the use case of Doge, it's the
same as Bitcoin, you can mine it, you can gamble and trade with Doge coins, you can send money, cheap and fast transactions.
The difference is that there is a lot more Doge coins in circulation, we can't expect higher prices of doge, maybe one day if
Doge becomes more popular and used by people.

[bobyhodob]

But any use case of this coin? I know it almost the same time when this coin has been launched with bitcoin and litecoin but anybody can explain here what is the usefulness of this coin on the market aside from trading activity? Yes they are just meme but somehow it becomes active on trading and even listed on Binance market which is really a good progress with this project. This exchange only list potential project but why dogecoin is on their radar?

maybe dogecoin has other functions that are better and can be used by traders other than the development of platforms that are not so clear. but many people also use dogecoin and even as you say. Large exchanges also have this coin list.

so far what I know from doge coins has not had a good development because as far as I know the dogecoin was abandoned by its developers and only received support from the community and investors who are still trying to hold the price at the exchange so as not to collapse even worse.

[slashz9]

coins that are always used for transactions every day, many devotees, and have been released in many large markets.
there are so many reasons and I guess you can understand them easily.

[aditasetia123]

coins that are always used for transactions every day, many devotees, and have been released in many large markets.
there are so many reasons and I guess you can understand them easily.

liquidity and trading on dogecoin that very big be main interesting factor why traders or investor buy dogecoin and make it survive till now on.

It did survive because of the dog in the picture;D people like it and also dogecoin has lowest transaction fee so it is really good to use for transferring funds. Dogecoin has no limit supply so expect the decreasing of the price. This coin is not good investment.

many people predict dogecoin will not exist in market due this supply and poor developtment, even they describe this project like a dog .but all of them totally wrong , much people using dogecoin to tranfer from market to another market.

[Republikcoin.com]

in my opinion, the price is cheap, and a slight increase can make a big profit for the holder. ever since I was on crypto until now, doge has always been a tool for gambling or investing. because the price is cheap, people always use it for things like that, so until now the coin can still survive.

[michellee]

Dogecoin is just meme coin that end up being one of coins with a good potential. See it's past charts? It wont go up as high as 20x to 30x if theres no whales that backup it up. It has a very very strong price support that no one can dump it.

Yes, I heard that news, and from time goes by, dogecoin has the potential to increase, and we already saw it before which dogecoin price can go up for more than 100 satoshi. Many people at that time amaze and don't believe that dogecoin can do that, and that makes some of them now are still buying dogecoin while the price is lower than 50 satoshi. If the price is lower than 50 satoshi, that will be the best price for people who want to buy the coin and hold it for a long time. I believe that dogecoin will repeat history in the next bull run.

[In the silence]

Dogecoin has to be an example for future projects. It was not even designed to do anything except on being just a meme coin but what is great with this is the community backing up the project mostly due to its low fees and faster transaction speed.

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

Ripple is backed by bank and governments that can be the possible reason why there is a community supporting the project.

[aioc]

in my opinion, the price is cheap, and a slight increase can make a big profit for the holder. ever since I was on crypto until now, doge has always been a tool for gambling or investing. because the price is cheap, people always use it for things like that, so until now the coin can still survive.

Good analysis because of the many exchange that it is in, the volume is still high and will always remain in demand in the market, you can make a profit because it is very cheap just a slight increase in the price  is enough to make profit, it is trader friendly and merchants friendly too, Dogecoin will survive in any market condition.

[leea-1334]

    Junkerr the answer is community. Doge coin have one of the strongest communities. What is the use case of Doge, it's the
same as Bitcoin, you can mine it, you can gamble and trade with Doge coins, you can send money, cheap and fast transactions.
The difference is that there is a lot more Doge coins in circulation, we can't expect higher prices of doge, maybe one day if
Doge becomes more popular and used by people.

Absolutely the right answer here.

Community is the strongest element of any user project in crypto and Dogecoin proves that when you create a strong and loyal community with goodwill and positive spirits, then you never die. Merchants may not accept it as easily as other coins, but someone somewhere will always happily accept it.

[Abiky]

Dogecoin was a great disappointment for investors last year but it is still the ultimate meme coin and I think it has a potential to survive. Despite low cost, DOGE is very popular among the people and this fact will help the price to stay normal and not to drop in the nearest future as many predicting DOGE to be very profitable in coming years.

Agree. Dogecoin is still the ultimate "meme coin" on the market. It first started as a "joke", only to be taken seriously by crypto enthusiasts on the market. Considering that DOGE is inexpensive and blazing fast, it makes the perfect cryptocurrency for micropayments, tipping, and more. Despite being abandoned in development, many people have found it to be useful for mainstream payments.

I, myself, am a fan of Dogecoin. It's one of the oldest altcoins out there on the market with a tried-and-tested Blockchain network. I believe that it'll survive a very long time because of the community supporting it every way. People using Dogecoin are still vibrant and promoting its use in the mainstream world. As long as the trend continues, Dogecoin will be able to remain in the top ranks in market cap for the foreseeable future. If you compare DOGE to other cryptocurrencies on the market, you'll notice that it has the most trading pairs. There is a lot of liquidity on the market for DOGE, which shows us how active the cryptocurrency is in the mainstream world. As long as you and I continue to patronize DOGE, it'll never go away. Just my opinion

[ecnalubma]

It was launched as shitcoin but now its laughing at non-believers and probably will survive the test of time.

Dogecoin is a perfect example of how people appreciate things that makes it valuable. Doge is not a meme coin anymore and its a million dollar business already and probably will develop over the years and will become a respected coin in crypto space.

[Slow death]

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

to be honest, I wonder how until today dogecoin manages to stay in the 34 position of coinmarketcap and other more useful altcoins are in a position far below dogecoin. What motivates people to buy dogecoin? I wonder about that. In the past I used to collect dogecoin on faucets and then switched to bitcoin and playing dice was more like fun for me. But if I think like an investor I wouldn't buy dogecoin

[ene1980]

to be honest, I wonder how until today dogecoin manages to stay in the 34 position of coinmarketcap and other more useful altcoins are in a position far below dogecoin. What motivates people to buy dogecoin? I wonder about that. In the past I used to collect dogecoin on faucets and then switched to bitcoin and playing dice was more like fun for me. But if I think like an investor I wouldn't buy dogecoin

The answer to this is simply the use case of dogecoin where some of the major gambline sites accepts them to gamble and the low transaction fees is another factor and those who are new to the cryptocurrency space have a coin that will help them to understand how to store the coin in their own wallet and dogecoin is a perfect coin for all those because of the low valuation. Dogecoin might not be a speculative coin but the price rises once in a while when the altcoin market rises.

[Cocoincos]

In far 2017 I have invested in it, after that I start learnig the idea and what I understood? Dogecoin havent main idea, It is just old and well known, so I dont advise to make deals with it

[casperBGD]

In far 2017 I have invested in it, after that I start learnig the idea and what I understood? Dogecoin havent main idea, It is just old and well known, so I dont advise to make deals with it

there is no big idea behind the project, but project has loyal community and that keeps them in top 50 projects, although there is no real use, it is mostly used for gambling, on a small stake, since transaction fees are really low, but without community it will certainly be forgotten

one of main celebrities that backs the dogecoin is Elon Musk
https://cointelegraph.com/news/elon-musk-voices-support-for-dogecoin-after-recent-bitcoin-bashing