Yes, of course! I’m personally very optimistic about this cryptocurrency due to it’s development and investment value. Here I’ll show you why it is worth investing.
1.The development of Dogecoin
According to Citicons, the current market cap of Dogecoin is about $287,490,963 as of June 2018, ranking 40.
Dogecoin was once ranked in the world’ s seventh-largest cryptocurrency and it took four years to reach the number of users in Litecoin in one year. With these strong mass base, DOGE will probably become much better.
In addition, Dogecoin is very much in line with the United States' "tip culture", and with the rise of reward culture on the Internet in the world, Dogecoin will also be widely used. Compared to expensive Bitcoin, the threshold for Dogecoin is even lower, and it's much cuter. Dogecoin has become the most popular "tip cryptocurrency" in the U.S. Internet.
2.The investment value of Dogecoin
First of all, Dogecoin has a faster transaction confirmation time. Compared with other cryptocurrencies, its transaction confirmation is much shorter which only takes one minute. Second, DOGE’s total circulation and system accords with the market. The total amount of Dogecoin is 100 billion, which is more satisfying to the public' s psychological needs than to having Bitcoins whose numbers are always a few decimal places. The Dogecoin was mined at 100 billion on January 18, 2015. Since then, the output will be fixed and an additional 5 billion will be added each year to maintain a healthy inflation rate. For example, the inflation rate is 5% in the second year. Decreasing thereafter year by year, the inflation rate will be reduced to 2.5% after 20 years, and then to 1.25% after 60 years. The amount it dug is fixed using mathematical encryption.
No one would have thought that doge dog could make the cryptocurrency market so crazy. But not only it make the market go crazy, but also develop itself quite well. I’ll say, Dogecoin will have a bright future. And I am sure you already have an answer on whether you should invest in Dogecoin.
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