In addition to supporting social welfare and philanthropy, Jackson believes Dogecoin can be used on the Internet as a "sweet spot" to thank others. In the beginning, though, Dogecoin was born out of a joke.
There are certainly more reasons why Dogecoin is so popular. Technically, Dogecoin is actually a faction with Litecoin, which is based on the Scrypt algorithm and, like Litecoin, is easier to trade than Bitcoin, and they have more numbers, with Dogecoin digging up to 100 billion, compared with 21 million bitcoins. Palmer also noted that Dogecoin is not like Bitcoin, where people don't get involved just for the sake of speculation, which is a way of sharing and thanking.
Technical analyst Peter Brandt's XRPBTC chart. Chart from TradeView.
During the price drops in March, July and September, Dogecoin fell with the market. However, the price decline of DOGE is not as bad as Bitcoin, and the downward trend shows that Dogecoin is recovering faster than Bitcoin
However, it can also be argued that any monetary inflation is necessary. Without inflation, Dogecoin holders will be encouraged to hoard their currency. This goes against the nature of Dogecoin.
Tesla and SpaceX co-founder Elon Musk tweeted again today and mentioned Dogecoin "Is Dogecoin really an effective form of currency?"
Given the dynamics of 2016, this delay may be extended until early 2017. According to some analysts, Bitcoin's 2021 $100,000 this year will rise to '.' Of course, we'll see all these predictions together.
Elon Musk has unveiled the "Bitcoin scam" by quoting Dogecoin.
Dogecoin official Twitter warned traders not to speculate after the TikTok video skyrocketed. The news comes after the price of Dogecoin rose 50 per cent in 24 hours to $0.042, its highest price since October 2018, as a result of the frenzied spread of a video of the DogCoin challenge on short video platform TikTok. In response, Dogecoin said, "Please make the right choice and not be influenced or manipulated by someone else's FOMO." Be aware of safety. Be smart. "
In the case of USDT, it is the token Tether USD (USD) based on the stable value currency USD, 1USDT. Anchoring the stable currency of the French currency will make many people feel very at ease.