Dog coin DOGecoin was born on December 12, 2013 by Australian brand and marketing expert Jackson Palmer and programmer Palmer in Portland, Oregon. Dogecoin is based on the Scrypt algorithm and the transaction process is more convenient than Bitcoin.
Dogecoin, I hope to exclude more than half of these tokens by 2019 (70% confidence). Here's why: First, 2018 price movements show that they have and BTC.
During the same period, the price of shanzhai coins was also hit. The price of popular cottage coins such as XRP, Ethereum Classics and Dogecoin fell by 10%
Dogecoin price chart by TradeView.
Users: Bitcoin, Ethereum, Litecoin, Dogecoin, etc.
Dogecoin trend analysis In the past year, the popularity of Dogecoin has been very stable. As you can see in the figure below, the currency even gained a surge in popularity for the search term "dogecoin". In September 2018, Google users were very interested in Dogecoin. There were some less obvious peaks in July and December. At the beginning of 2019, the popularity was about the same as in the same period in 2018
If the market starts an upward trend, Dogecoin will be the main beneficiary of the upward trend and will suffer less damage in future recessions and price drops
Dogecoin is the second largest virtual currency in the world after Bitcoin.
Other cryptocurrencies such as Zcash (67), Dogecoin (79) and Monero (128) also have good results, proving that larger cryptocurrencies are not just around the first two or three cryptocurrencies.
Good! Dogecoin just seized the opportunity. Many people use Dogecoin as a tip system for online forms because it is cheaper and faster than Bitcoin.
As cryptocurrencies have changed with each passing day, Dogecoin has become popular, and over the years it has developed many unique features. There are three main reasons why Dogecoin is so popular around the world.
Similar to Dash, Dogecoin is a cryptocurrency in a country where the financial system is in trouble. Other highly searched countries include Bangladesh, Pakistan, the Philippines and Nigeria. This is a good sign that currencies are used to replace the legal tender of these countries and exchange currencies among ordinary people.
But my biggest concern is that because of the speed of mining, miners will probably not be interested in it in nine months' time. I think in the next 50 days, the price of dogecoin will be in a difficult period of upward, in fact, it is now the second most popular currency based on the scrypt algorithm. In the short term, I am sure the price may rise to 300satoshi or fall to 20satoshi (as explained later on the value of satoshi). In mid-March we just have to look at how the miners do it, and the price movement of dogecoin will be clearer. Assuming that the doge is still very popular in mid-March and more and more people start to like it, dogecoin will at least maintain its current price and its market share will increase significantly. Around the end of the second quarter or the beginning of the third quarter, dogecoin production decreases significantly, which will determine the price increase, at which point you may see a sharp decline in the BTC series. Of course if you shoot dogecoin at that time, then you're really too late. The fourth quarter will be crucial and he may decide on THEE's future. At this point in time, miners get only a small amount of mining, and if prices don't rise enough to make them profitable, they will stop mining and the whole doge will become unsafe. Of course, miners can be retained at this point by increasing transaction fees or other means.
Chainlink, IOTA, Dogecoin price analysis
Recently, when news of Dogecoin began about a week ago, some young Tiktok users embarked on a lifelong challenge to raise the Dogecoin to $1.
Back in February, Dogecoin developers made the controversial decision that Dogecoin's total supply was not capped. Instead, they decided to stick to the original plan and allow an annual inflation rate of 5%. This is achieved from time to time with a 10,000 Dogecoin reward per block.