Dogecoin (DOGE) is trading in a stable range at around $0.002, and there is little upside momentum at this point. This is largely due to the heavy bearish sentiment in the entire market, with Bitcoin (BTC) hovering around $3600 – $3700. In spite of this, Dogecoin (DOGE)’s fundamentals make it one of the best crypto investments for the long term, one that could become a household name at some point in the future. Here are 3 reasons why Dogecoin (DOGE) is one of the best crypto investments both now and in the future.
It is stable
This is probably one of Dogecoin’s best attributes, and one that makes it a good buy, not just in 2019, but for years to come. That’s because, part of what holds crypto back from mass adoption is volatile. It is impractical for most cryptos to be used as currencies, since they expose businesses to massive losses when prices fluctuate. In essence, stability will in the long-run determine which cryptos thrive, and which ones die off.
Looking at Dogecoin’s history, this crypto has always been stable since its inception. This history of stability makes it primed for adoption going into the future. Signs of Dogecoin growing on the basis of adoption are already there. Dogecoin (DOGE) is among the most used cryptos, ranking up there alongside Bitcoin (BTC) and Ethereum (ETH). As crypto goes mainstream, Dogecoin (DOGE) could become the default crypto for merchant payments, and this will see it gain in value over time. Dogecoin may not give the overnight riches that some investors expect from crypto, but it stands a good chance to keep growing your wealth for years to come.
It has a strong team behind it
The Dogecoin developer team is not hype driven, but they do an extraordinary job in the background. For instance, in November last year, they announced the release of Dogecoin core 1.14 beta. As per the team, here are some of the upgrades that come with Dogecoin 1.14.
“The main changes since Alpha 4 include fixes for the macOS version and some branding issues we encountered while testing. You will be able to download binaries and installer packages down below. Please make sure, if you upgrade an existing version, to make a (current!) backup of your wallet.dat file! We have successfully upgraded existing wallets in our testing, but you should always keep a backup of that file regardless.”
These are major upgrades, and there are many other amazing updates in the works. The technical capabilities, and the dedication of the Dogecoin developer team means that Dogecoin will always remain technically superior, even as crypto space gets more crowded with new projects, all promising more efficiency.
It has a strong community behind it
The Dogecoin community is probably one of the friendliest in crypto. It is indifferent to all the feuds that go on between different cryptos. This is a plus for Dogecoin because it serves to draw in new investors to the Dogecoin ecosystem. Besides, it creates a favorable environment for new ideas to flourish, and help make Doge better. This will play a phenomenal role in the long-term growth of Dogecoin (DOGE).