| json_metadata | "{"app":"musing/1.1","appTags":["cryptocurrency"],"appCategory":"cryptocurrency","appTitle":"What might influence you to put resources into Dogecoin?","appBody":"<p>I personally feel DOGE coin is a good crypto asset to put the money. I m not giving investment advice here. I am just trying to respond to what the question has been asked here. The best part of DOGE coin is that it has a consistent user base in the context of the entertainment industry. The second best thing is that with the passage of time the supply will diminish and hence the price may go up as per the equation fo supply/demand.</p><p>People often look upon this coin as a joke or funny kind of things. But that is not the case in reality. It is really a good coin and it is mineable too and not to forget it is decentralized & permissionless.</p><p>I have often seen that the newcomers to crypto market show interest in DOGE coins, may be because of its low price they can bag good quantity as compared to other mainstream coins. But apart from that, the two important aspects are its faucets and micro-wallets which attracts newcomers.</p><p>The mining of DOGE coin is tied up with the production of LTC blocks and that is why it can be attributed as green mining because you do not need independent assets and machines to mine DOGE coin.</p><p>I am still impressed by the market capitalisation of DOGE coin as compared to other mainstream coin and this makes me confident to put my money in this asset. If you look at the ultra bear run in last month, then I must tell you that as compared to other mainstream coins DOGE coin has been able to show enough resilience to bear pressure.</p><p>The above reasons and findings are enough to convince me to invest in DOGE coin but at the same time I must reiterate that this answer should not be taken as investment advice. It is for analysis and fact-finding of this coin.</p>","appDepth":2,"appParentPermlink":"what-might-influence-you-to-put-resources-into-dogecoin","appParentAuthor":"sumon70","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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