Dogecoin is a cryptocurrency which a lot of people take as a joke. But it is starting to become one of the fastest growing and more adaptive cryptocurrencies to date. When it comes to the currency aspect of crypto no one else does it like the lovable Dogecoin. Dogecoin is the main crypto people use as currency to purchase Dallas Mavericks merchandise according to Owner Mark Cuban.
Dogecoin is focusing on becoming a Crypto that actually is Currency in the sense that it is inflationary but less inflationary than traditional currencies. Also it intends to encourage spending with the coming update aimed at lowering the teansfer fee of dogecoins to almost 0. It is obvious why people choose to spend this crypto over other choices. Also it has a large community gathered around the meme cryptocurrency including Elon Musk and many celebrities supporting it thus why the crypto has seen massive run ups and higher returns than other top 10 cryptos when compared since the start of the year.
We can see how cryptocurrencies are starting to get mainstream adoption and many use cases coming in this space. Weshall see what the future holds but it looks like Dogecoin is here to stay.