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Why is Dogecoin popular?

  • Thread starter Thread starter niche
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niche

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Some online money making apps are offering withdrawal to Dogecoin, so I would like to find out why it is popular, what is the advantage of using Dogecoin compared to other cryptocurrencies?
 
The advantage of using Dogecoin to other cryptocurrencies: Dogecoin is older than Litecoin itself means having more volume trading history.
 
Dogecoin is popular because of Elon Musk, he is the one who influences business, and made DOGE popular.
 
saoussen5765 said:
The advantage of using Dogecoin to other cryptocurrencies: Dogecoin is older than Litecoin itself means having more volume trading history.
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Dogecoin is not older than litecoin, however, it is of course older than Ethereum. Dogecoin was created in 2013, where as litecoin was created in 2012.
 
Nomad said:
Dogecoin is not older than litecoin, however, it is of course older than Ethereum. Dogecoin was created in 2013, where as litecoin was created in 2012.
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Thanks for correcting me the information because I was thinking the opposite as first payout was in dogecoin and starts earning dogecoin before discovering litecoin one.
 
DOGEcoin has become more widely known and accepted after the major influencer and billionaire, Elon Musk, started promoting it.

DOGE has some advantages like Litecoin. It's quick, and has a virtually nonexistent transaction fee.
 
However, the problem with dogecoin is its unlimited supply. The price will never go too high as long as every minute 10k new dogecoins are pumped into the network.
 
Dogecoin is popular because it is being promoted by influential people like Elon Musk. It is one of the cryptocurrencies I am looking forward to Invest on in this bear season.
 
I don't think Doge is popular or is better than other cryptocurrencies but only once or twice does its price skyrocket making it a riskier option and its value can go down so quickly so presently I don't have any Doge but I won't mind earning from faucets for free.
 
Well its popularity can be given for several reasons first for its trajectory since 2014 and that it was the first memecoin although some have tried to imitate none has its fame or its community of users, in addition the other point and I think it is the most relevant is the appreciation that the tycoon Elon Musk seems to have for the currency and the hype he gives on Twitter to the coin, In addition, some items can be purchased in the Tesla store with the Dogecoin cryptocurrency.
 
timewo said:
Some online money making apps are offering withdrawal to Dogecoin, so I would like to find out why it is popular, what is the advantage of using Dogecoin compared to other cryptocurrencies?
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I think the coin is popular because of the influence of Elon Musk. He is really backing that coin.
 
It becomes popular after Musk used Dogie as the image of his Twitter, he named it a dogecoin. But many reacted for the doggie has no wings, unlike the Twitter bird.
 
I also like Dogecoin but the problem is its not very popular in form of short term investment so if you invest then make it a for long term only
 
Salt said:
I also like Dogecoin but the problem is its not very popular in form of short term investment so if you invest then make it a for long term only
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That is true
You have to wait for years to get a reasonable amount of money as your profit
 
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