The Future of Dogecoin
What is the future of Dogecoin, now that it has been around for several months and we've seen wild
fluctuations in prices? Can Dogecoin survive and thrive and make a niche for itself within the crypto-
currency space or is it doomed to oblivion?
To answer where the future of Dogecoin lies, we first need to look at what makes Dogecoin special and
why it is in the top 10 market caps in the first place. On the technical side of things, Dogecoin is another
Litecoin clone with different parameters, so it cannot sustain itself based on technical innovation. So
what makes it popular in the first place?
Dogecoin started as a meme-based joke currency but everything around it took off and today it has a
huge community of supporters around it. It is this community that Dogecoin needs to leverage in order
to be relevant in the future. That is Dogecoin's most important strength, without which, it doesn't stand
much of a chance in the brutal world of associatecrypto currencies.
What made Dogecoin special was that people didn't take it very seriously, and so it became an incredibly
popular tipping tool on Reddit and the rest of the internet too. Then there were many projects started
by enthusiasts around Dogecoin, and people felt safe experimenting in this sphere. Dogecoin therefore
has value as long as it can sustain this concept of being a safe experimentation haven while being
The future of Dogecoin will therefore depend on how this community bands together and works on
future projects that will benefit the currency. There are many works in progress and it is hard to judge
their feasibility in the real world. However, the community needs to remember what makes Dogecoin
special and not let that slip away because competition in this space can be fierce.
Dogecoin also did a lot of newsworthy things like funding an Olympic bobsled team and other charity
work. This gave it a lot of attention and also a nice increase in price. However, now that the news cycle
has died down, th