It may started as a joke but actually is not.The developers understimated their work.Dogecoin has a lot advantages.The main advantage is that it has low fees and fast transactions so i have a full comparison which include btc eth doge ltc and the coins which considered as the lowest fees and the fastest.
As you can see there are cryptos faster and with lower fees than doge but only in theory actually are complicated have major problems they are difficult for everyday use.Sol has serious complexity requires prefunded accounts they are centralization concerns has high spam risk.Nano has limited adoption as spam vulnerability too.Iot immature ecosystem still in development minimal actual payment integration complicated.Xrp requires a 10xrp minimum balance to activate an account locking up funds controlled by ripple and a trusted validator list raising censorship concerns built for banks not everyday users lacks retail-focused tools.
The percentage of merchants accepting crupto in all the world estimated to be 46%.This is higher than the 39% adoption rate in the US.The data highlights that customer demand faster transaction speeds and access to new customers are key drivers for merchant adoption worldwide.The most acceptable coins for retail use are btc eth ltc doge sol usdt usdc.The most preferred coins for everyday use are litecoin and dogecoin. Both are favored for their simplicity low fees ease of use requiring only a wallet and an address no gas no other coins.
I will mention that stablecoins usdt usdc in a lot cases are even more preferable than ltc or doge due to their price stability, as they are pegged to the U.S. dollar and is no need to converted to fiat to avoid devaluation but are somehow more complicated you need gas or other coins to sent or receive you need to use a specific network.
In my personal experience almost all retailers who accept cryptocurrency payments support btc eth ltc and doge although a few don’t list doge officially. However when I ask to pay in Doge most do not refuse and provide a doge address for the payment.So many retailers who do not prominently advertise Dogecoin acceptance are still willing to receive payments in doge when requested especially if they already handle other cryptocurrencies. Additional platforms like paypal and bitpay support doge enabling payments at millions of merchants indirectly.
As i have seen from small retailers if they paid in crypto usually when the prices of the coin are high changing it immediately to fiat cash or use it to pay for buying products or services if the price is low and they do not need immediately the money they keep it so they can have higher profit.ltc and doge are preferred from the retailers cause they can use them simple easy immediately they need only a wallet and an address no complicated things no dependencies no time and effort consuming processes.Additionally they can convert them to fiat or other coins quickly and easily with no gas fees or need for other cryptocurrencies.
That 's it for now i will continue with my next article even so i want to inform you that i was about to buy again at 0.092 but i have not collected enough money so i waited.It reached at 0.118 as i saw it but with so small amount i had it was not worth it.As i said at my previous post i have reduced my expences i think i will collect the amount i want in a few days if i had this at 0.092 i could sell at 0.118 with profit and be ready to buy lower even so this is somehow risky cause it can pump at 0.16 in no time and i will be out while risking for low earnings.
Thanks for your time