I was just watching DOGE to be honest. I always put my money in DOGE when I want a 'safe coin' DOGE doesnt really go up or down atleast not in the short term, USD value, except maybe some small gains. What is interesting though is that DOGE has been around for a very long time and apart from the market cap it seems an interesting coin. I would personally put it as a transactional coin because transaction costs are very low. Having said that LTC is doing the same thing with much more volume, therefore I dont really think DOGE will make huge gains, I think there is a nice small market for DOGE users and that it does fine there, but it lacks the mainstream push which is behind several other coins, like btc and even ltc to some extent and currently there is no mainstream adoption on trading platforms with regard to DOGE, so even as a transactional coin it is not that big. So there is no mainstream adoption and better options out there, I wouldnt say DOGE will lose value but I also dont think it will gain a lot.
beyond transaction cost DOGE has no other benefit that I can see. The coin is actually worth less now as BTC has risen. Even LTC is appreciating better than DOGE.
I was just watching DOGE to be honest. I always put my money in DOGE when I want a 'safe coin' DOGE doesnt really go up or down atleast not in the short term, USD value, except maybe some small gains. What is interesting though is that DOGE has been around for a very long time and apart from the market cap it seems an interesting coin. I would personally put it as a transactional coin because transaction costs are very low. Having said that LTC is doing the same thing with much more volume, therefore I dont really think DOGE will make huge gains, I think there is a nice small market for DOGE users and that it does fine there, but it lacks the mainstream push which is behind several other coins, like btc and even ltc to some extent and currently there is no mainstream adoption on trading platforms with regard to DOGE, so even as a transactional coin it is not that big. So there is no mainstream adoption and better options out there, I wouldnt say DOGE will lose value but I also dont think it will gain a lot.
beyond transaction cost DOGE has no other benefit that I can see. The coin is actually worth less now as BTC has risen. Even LTC is appreciating better than DOGE.
Yea, LTC>DOGE for sure
Very good points. Thank you!