I do not see any significant improvement in the Dutchcoin I am beginning to think that the unlimited supply of the Dogecoin made it lose value steadily and it calls for a serious burning.
You have made another interesting point on that note because burning is equally one of the ways that could make cryptocurrency appreciate in value and if you ask me, the dogecoin need burning presently.
I've seen many cryptocurrency's market value rise after the burning has taken place and I think that it is the right time for the founder of the Dogecoin to carry out the same process on this cryptocurrency.
I agreed with you because with little amount of money, you can accumulate a huge unit of the Dogecoin and if you're lucky, when the price surges you will be able to make huge amount of profit from it.
What you said is absolutely correct. I have the notion that the Dogecoin is meant for smaller investors because you'll be able to buy many quality with small amount of money.
It is true that there is no significant improvement in the dogeoin because it failed to improve despite it being used by so many institutions as a means of payment. Tesla is also integrated it in its payment option.
I am not going to support the Dogecoin totally because the coin is a leading memecoin and is indeed a joke coin that failed to improve. Investing in such cryptocurrency would be a waste of money and a waste of time.
I wouldn't want to argue on this ground. The only advantage I can see in dogeoin adoption is that it is good for investment for a smaller investors because you could buy a huge unit need for a very minimal amount of money . Aside this, the coin is dwindling. it is not really good for investment. I will Carryout a technical analysis on it and I will post the analysis here.
So many cryptocurrency investors also believed that a dogecoin is not worth it, simply because it does not respond to the demand-supply dynamics, which is the driving force in the crypto-currency market.
It is one of the best coin to invest on for smaller investors because with little amount of money you can get high quantity of the Dogeoin and which could translate to higher profit if the coin surges.
It is one of the best cryptocurrency for smaller investors to put hands on because it will definitely give you something reasonable if you little money on it. You could only make profit if it performed well in the cryptocurrency market.
This is exactly my point because I believe so . The cryptocurrency failed to develop despite the backing it that it enjoyed from the whales like Elon Musk. it would have been one of the best cryptocurrency .
The Dogecoin would have been one of the best cryptocurrency in the crypto space, if not for the fact that the way it was designed makes it not a good cryptocurrency to invest on presently . It is no limited in supply and that makes it very difficult for the adoption from various institutions to reflect in its market value.
I cannot find myself investing on dogcoin because it as failed so many cryptocurrency investors in the past and the antecedent show that this coin may not probably improve any time soon.
