dogecoin can't grow because it is a joke, it has a high supply, and inflationary

[sabbir2world]

This is what I always read in forums, chats, articles, and advice for investors. But this is not true.

joke

It started as a joke, but it's just a serious coin that wants to look like a joke. In fact it is a great advantage since it includes fun, friendliness, and opportunities to be tipped. That's why it attracts so many users and has real support based on people, not just a mere investment product that can be discarded when this is no longer useful to obtain revenues. Dogecoin is a real coin..

High Supply

There are many billions of coins, and every year the market is flooded with more and more billions. But this is just one unit of arbitrary measurement. If we use the MegaDoge as a fundamental unit, we have that each of them is worth approximately $8,000, and there is a total of 112,426 MÐ. This is a lot less coins than Bitcoin, does that sound better?

Inflationary

Yes, dogecoin has lost value by approximately 5% during this year due to inflation. How much has been revalued? Does this investor really worry 5%? But it is also will not always be 5%, in fact it was 4.76% in 2017, in 2018 it will be 4.54%, and in the following years 4.35%, 4.2% .... That is, its inflation will approach to 3% within 10 years, https://i.imgur.com/cPkG6tf.jpg. This is acceptable even without increasing users or investors.

If you agree on this, let all the people know

[arpappu17]

You may be right👌

[iaminsingapore]

it is mainly because it is inflationary.

[iammrash]

It's price is the real joke I think. it has that much market cap. but the price isn't rising. why??

[Weldhers]

maybe that's true ,,, but in the world of cryptocurrency everything can not be guessed ... maybe in the next few years the price of doge will probably rise

[a515t]

Yes!, that is right. the next few month the dogecoin price will be rising. 2018 the year of Doge 💪