This past year has seen massive gains for many cryptocurrencies. We know of the big names, Bitcoin, Litecoin, Ethereum, and IOTA. One cryptocurrency which has also had a huge rise this past year that many do not consider is Dogecoin. At the time of writing, one Dogecoin is worth one penny (and is also worth one Dogecoin).

Thinking about that prior this year, a penny could get you between 3-5 doge, this is gigantic. It has been an early Christmas present to the Dogecoin community, and it has launch the currency once again into the main 35 cryptos on CoinMarketCap. Already, Dogecoin was drifting some place around #40-50 in the rankings.

The old joke coin still has some chomp to it, and the coin's perseverance is upheld and reinforced by its awesome community. Indeed, even at its present value, Dogecoin is as yet shabby and pardoning enough as an entry point to digital currencies, I accept. Maybe that, alongside some other economic situations (both known and obscure) are responsible at the cost going up, since there are numerous new individuals coming into crypto and Dogecoin is a brilliant model/example of what number of blockchains work.

The downside to the penny

While this advancement is exceptionally positive and will help give more introduction to the community, Dogecoin's set expense of one doge for every transaction is getting costlier and costlier. Transaction expenses rise and fall parallel to the cost of Dogecoin. While the charge is still just a penny, this is around four fold the amount of as it was not long ago. I'm not by any stretch of the imagination whining, however it is a remark at the top of the priority list.

At last, cost shouldn't make any difference

One reason I think Dogecoin has executed too and lived as long as it has is on the grounds that the cost doesn't generally make a difference for some in the community. Go to its subreddit and simply perceive what number of remarks on buildup posts are "1 doge = 1 doge." And this is a decent point. Community is the thing that offers an incentive to cash. Cash without communities does not merit anything.

It would intrigue if other crypto communities saw their coins similarly, as an independent – something that was a non-corresponded resource. Rather than moaning about paying 10,000 BTC for two pizzas due to what that would be worth in USD now, individuals would simply say, "No doubt, those pizzas cost 10k BTC." It would bring crypto nearer to being a community of clients, instead of a community of speculators. At any rate, that is my two doge.

Edited from Merke
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