With the funny start of dogecoin inspired by doge meme, the coin seemed to have a very light future. But all turns went unexpected, in the mid-2014 price splurged as high as 240 satoshi of Bitcoin per doge. it seemed like this one has a great upcomings but it crashed like a hell as just 15 satoshi per doge.
Dogecoin, which features a Shiba Inu from the popular 'Doge' meme, began circulating at the end of 2013. In comparison to Bitcoin, the currency was in much faster production and millions of Dogecoin were quickly mined. The price fluctuated due to the creation of vast mining pools taking advantage of rapid mining with little computing power, and a cyberattack taking place within weeks of the cryptocurrency's official launch left users pillaged of their coins.
With periodic increment of no. of its coins the price kept on being low. And while investors kept on losing their hopes. The people mining it lost their interest with this coin.
No One has faith on dogecoin to rise, so ultimately it will fail. As back 2014, major theft occured in Dogevault, in which many wallets were compromised by hackers as just as happened to MT.GOX.
Many of its security flaws has made it fall.
So if any one puts his hard earned money in dogecoin then he has a bit of chance to lose it.
#This post is no way encouraging to avoid using dogecoin, people are free to use it buy or sell and trade, etc..whatever their choice is.
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