MEXC Research: What are the Value, supply and demand of Dogecoin？
Meme-investing is a relatively new method of making money on the internet. It is founded on the perceived worth of memes rather than any firm foundation of system fundamentals.
Dogecoin (DOGE) has been one of the most successful digital currencies since its inception in December 2013, but it is still in its infancy in comparison to other cryptocurrencies such as Bitcoin or Litecoin. Does it, too, have a promising future?
Because there are no fundamental factors affecting supply and demand for Dogecoins, the price can be extremely volatile at times – so many people see this as an opportunity to make some quick money by trading them such as Ethereum (ETH) or Bitcoin (BTC).
If you're looking for a more secure investment, meme coin purchasing may not be for you. However, if you're willing to take risks, DYOR on a memecoin and you're set! By simply investing in these popular memes today, you could end up making more money than ever before!
The inflationary heights that Dogecoin had previously climbed have somewhat corrected themselves and have inspired many projects. They create spin-offs to capitalize on the trend and take a piece of the meme-pie. Despite Dogecoin's success, high branding and marketing muscle has been difficult to replicate.
The supply and demand for Dogecoin
Dogecoin has no value other than to be used for purposes other than payment. Doge's security protocols are maintained through the use of Litecoin (LTC).
In 2014, the first Dogecoin ATM was installed in Vancouver. This was followed by the installation of two ATMs in Mexico. For the time being, it is known that Doge has already been used to sell everything from adult content to real estate.
Unlike Bitcoin, inflationary cryptocurrencies such as Dogecoin and Shuba Inu (SHIB) have no limit on how many can be produced.