I am a dogecoiner i prefer this coin due to low fees, fast transactions, simplity, usability acceptance by retailers and platforms.Beyond the convenience for everyday use i prefer it due to fitting with my trade.I trade a relatively small amount, doge is volatile so it is ideal for short term traders you can earn or lose significant amounts within hours or days.Dogecoin's daily average fluctuation is typically around 8.5% to 9%, based on its Average True Range (ATR) over recent periods. The ATR accounts for intraday swings, making it a more accurate measure of Dogecoin's true daily movement.This is mainly for spot traders which have low fees and low commission with a relatively high amount so with a small percentage change they can trade with profit. This is not my case my amount is not high so it should move 6% or more to have a good profit.My sense is that doge has almost every day a 3 to 4% change every 3 to 4 days a movement up to 6% and at least every 12 days a movement up to 10% so if you are lucky and you have some ability you can increase your amount quickly.When you have a higher amount you can make more moves you profit with lower percentage changes.
Even so the theme for many traders especially those with relatively small amounts is not only about profit is about the action the excitement the effort. It is a pleasant interesting hoby to spend our time, it does not matter if you lose you learn you have an occupation to cover your losses, it is stressful sometimes but it is exciting too.My view even if i do not always follow it is that you should not trade more than you can afford to lose, do not risk your food, your home, your savings if you lose you will be in desperate situation if you win you will be wealthier so what? do not be desparate and sad if you lose think that you only lost money if one day they do not have any value you will seem ridiculous, you will be wealth? so what there is nothing there you can see the rich people they did not solve their problems they create more they have stressful and bad lifes too.The actual wealth is to reduce your needs and dependencies to live simple to have quality, not quantity of goods and problems.So do not take it seriously it rains today tomorrow maybe will be sunny.I think it is better to save money from gambling, alcohol, unnecessary expenses and use it for trading if you like it.In my opinion it is better than these bad habits and you spend more time with less money even if you are unlucky if you do not do extreme things you will not lose all your money at once the only thing you should be care is that trading is addictive you should have discipline and moderation.
To continue with doge's advantages doge's price is low so you can buy with a small amount a lot coins.This is not about the value which is not change but it feels better when you have a coin's amount than to have bits of a coin.So the doge's low price makes it appealing to traders, it allows investors to buy a large number of whole coins instead of fractions. Many people prefer owning thousands or even millions of doge rather than a small fraction of a Bitcoin or Ethereum, even if the total value is the same. This psychological effect is known as unit bias.Beyond that traders believe there is a higher potential for massive percentage gains. For example, if Dogecoin were to reach $1 or $10, it would mean returns of over 1,000% or even 10,000%. In contrast, large cryptocurrencies like Bitcoin, which already have a high price and market cap, are less likely to see such extreme growth, most optimistic projections expect them to double or triple at best.This combination of affordability and perceived upside makes Dogecoin attractive for speculative trading, despite its inflationary supply and lower long-term stability compared to bitcoin, ethereum or other coins. Actually it is attainable at least to reach from about 0.09 now to 0.60, it has done that it can happen again .This is over 6 times up.Which others from the major coins have this potential ?
In doge mainly but in all crypto community too there is a very talked about question can doge price reach the dollar ? I will write about this at my next article.At last i want to inform you that i bought doge again at 0.0892.
Thanks for your time