Is Dogecoin a real coin?

[masphie]

doge coins have been participating in cryptocurrencies for a long time, and before any new coins appeared, doge was one of the favorite coins of the lower middle class investors. This is my assumption.

[Mr.Scott]

Does it matter any more. People are trolling for a long time on Dogecoin. But, what the scenario is now? Not only gain nearly 200% over the last 24 hours but also shift top 5 in the coinmarketcap ranking. I can't even believe this shit made over $0.40 but here this is reality now.

[masterrex]

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

If you will consider doing a little research about the history of Dogecoin you will know that Doge is just a meme coin, without any further debate about technicalities Dogecoin was not intended or purposely used for payment or even for investment because it was just a meme coin. But because of a famous personality who shills it like Elon Musk thats why Dogecoin was artificially pumped without any useful demand for me the risk is very high when we say about holding Dogecoin for a long period that was may say about it.  

[Laurent Mika]

Hi,

Dogecoin is not thought to be useful for anything, just a meme, as already said.

BUT

1. If you want to bring Crypto to mainstreet, it could be a good idea to create a meme around it, to push people to buy it, and create a pump effect, to bring more people to be interested in cryptos.

2. Something created without any goal, left without any control on it, and that would become mainstreet wellknowned and spread, could be a good starting point to create a worldwide adopted money.

3. Someone with a very large amount of money, could finance new development and enhancement on such a crypto.

Just some thoughts... 

[FatFork]

Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Dogecoin is, indeed, a real coin with real technology and development. But that doesn't mean the current market price is justified. The DOGE is currently ranked fifth in terms of market capitalization due to a massive supply. On a technical level, however, there are cryptocurrencies with much superior characteristics that are rated lower than it. The current price is inflated mostly due to current hype, and all investors should exercise extreme caution.

[ilovealtcoins]

Doge is an old cryptocurrency and it was created with inspiration from a dog meme. It seems that the community has pushed its value too far beyond its own. Doge is different from Bitcoin, its decentralization, scarcity, and demand cannot be compared to Bitcoin. I believe that after FOMO for Doge will soon end to give the stage to more quality blockchain projects.

[Fivestar4everMVP]

In my personal opinion, dogecoin isn't a real coin cus I've never heard of any technology behind it or any crypto or outside cryptoproblem it's trying to solve or solving, dogecoin has always been a meme coin, meaning that it was created for nothing but just fun, even the developers I think stopped working on the project in a very long time, just like a member already said, dogecoin started getting noticed by whales after Elon musk started sharing tweets about the coin, this has made many people to blindly start investing in the coin and this has also brought around several pump and dump group to start using dogecoin for their activities, so for me, dogecoin is just a lucky shitcoin is highly not recommended to invest in most especially now that it's in its all time high, if it goes down, it might never see this price again in a very long time except something changes about its development in the future.

[0t3p0t]

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

For me, every coin that has value is not considered as a joke coin just like Doge because look at it now. Doge has a huge supply but now you cannot just give it as for tipping purposes because it's value is increasing. It was just undervalued and lucky to those who hodl millions of Doge up until now.

[istiak2277]

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

This coin is totally a bubble. It has no technology or active developments. It's more like a fun token created by some crypto fan inspired by a doge meme. I think the price of a doge is way beyond its real value. Also, it's at its very pick right now and is not very safe to enter in that project. All this pumped happened because of Elon's tweet.

[imstillthebest]

doge coin is a real coin because it is listed in exchanges and has its value but many people call this join as a non real coin or a joke because of its massive supply and no real use case  .
the view for doge coin has change since elon musk came and invest on this coin .  doge coin started to have a potential after that .
 i have no idea if the doge team is active but it doesnt matter because the coin is lively .

[awakpane]

In all respects, in truth, Dogecoin's are not serious. The Dogecoin logo, for example, is inspired by memes. Instead of using a bold and serious symbol, he features a Shiba Inu dog meme as his mascot. Even though Elon Musk's tweet has inflated Dogecoin's price, it will not be known exactly what made Elon Musk suddenly post a few tweets about Dogecoin.

[darewaller]

Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

I would love to say no, I would love to say that it was only Elon that made it higher, and I would love to say that you should stay away from it. However I have said the same thing when it was 6 cents I think, and look where it is today, it has increased INSANELY high this year, and no matter what the reason is, it did increased and that is why it is really weird to say that it is a fake one. Sure the main idea, and everything about it is fake, and it is just a "meme coin" in the end, but that doesn't mean that it is not real neither, it is quite literally the most increased coin of the year, so I can't really tell anyone to stay away from it.

I personally will never invest into it, it can go up as much as it wants and I would still stay away from it as much as I can, but that doesn't mean that I could suggest something like that to anyone else neither.

[zaim7413]

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!
Thank you.

Dogecoin is not a fake coin because Dogecoin has also been in the crypto space for a long time, but I don't know what technology Dogecoin has, what is clear is that Dogecoin at this point is fantastic in terms of price movements and even I was surprised to see it myself.

[Twinkledoe]

doge coin is a real coin because it is listed in exchanges and has its value but many people call this join as a non real coin or a joke because of its massive supply and no real use case  .
the view for doge coin has change since elon musk came and invest on this coin .  doge coin started to have a potential after that .
 i have no idea if the doge team is active but it doesnt matter because the coin is lively .

Doge started as a meme, however, I don't agree that doge has no real use case. It has been years that doge is used in the gambling area as it has cheaper fees than other alts. Also, a lot of traders are using it for transfer purposes because for the same reason, cheaper fees. Aside from that, it is trading in a lot of exchanges. So transferring from one exchange to another is not that hard. Its use case has evolved from a joke to most used alts in gambling and transfer purposes.

[Midy]

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

Dogecoin is a coin that has great potential for the future of cryptocurrency, and besides that, currently Elon Musk fully supports the development of Dogecoin, so you don't need to doubt the future of Dogecoin in the cryptocurrency world.

[Cengghengmania21]

If I say DOGE is a fake coin in my opinion it is inappropriate. however doge was created for game coins only in the beginning. but if we come back again about developments in cryptocurrencies anything can happen in an alt

[ShowOff]

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

It is not difficult to know many things if you treat the internet as one of the places of information. I came across an interesting article that has been published since 2013 and maybe you can find some information there. What is Dogecoin? The Meme that Became the Hot New Virtual Currency.

Doge is a legitimate cryptocurrency just like any other cryptocurrency. Regarding the price pump, there are quite a number of reason that exist even though people continue to associate Elon Musk as the main culprit. The technology in Doge Coin can be said to be more similar to Litecoin, where transaction speed is preferred.

[MFahad]

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

Dogecoin is a real coin, there is no doubt about it. However there is no technology or project behind this coin. It is one of the oldest coin in the industry and people call it a "Meme Coin"
You can invest in this coin only if you think it can pump by the elon musk tweets but fundamentally and technically there is nothing much in this coin.

[FIFA worldcup]

doge coins have been participating in cryptocurrencies for a long time, and before any new coins appeared, doge was one of the favorite coins of the lower middle class investors. This is my assumption.

But it has no value until recently when Elon Musk started to pump this coin through his tweets. It might perform well in the current bull run all because of its hype but i don't think this coin can be in our holding portfolio. Just buy this coin and exit it as soon as it pumps.

[Mauser]

Hello,
Is Dogecoin a real coin and have a good potential or just pumped because Elon Musk tweets? I mean is that Dogecoin has a good technology and active development... or is a fake coin!!!

Thank you.

Dogecoin is a real coin. It has been around for years and definitely will be around for the future. It might not be as popular as BTC or ETH but still there are plenty of investors. If you look at the dogecoin price you see that there was already higher trading before the Elon Musk tweet, this is due to a higher interest from reddit users. If you already own coins I would keep them and if you want to buy some, I would keep an close eye on the price and buy when the price drops a bit.