FOMO on doge is here, so before investing please read this facts about DOGE.
1. Dogecoin has no supply limit. This means that there is an endless amount of Dogecoin and so the price will not increase as much as other coins like Litecoin and Bitcoin which have limited supplies. There will only ever be 21 million Bitcoins.
2. DOGE is useless double sh*t coin with no acquisition
3. DOGE is proof of work coin, so there is huge risk of 51% attack
4. The blockchain has problems with scaling. The transaction processing time is far from that of BTC, which does not allow using this token as a payment method for a large financial transaction flow.
Simply it is just pump & dump coin, if you look at 1D or 1W chart u will see huge spikes up and instant price drop.
If you wanna gamble, go to casino and bet on black. Investing/trading and blind brainelss gambling is not the same! And that is why 90% investors is in loss. U wanna be one of that 90%? Yes? Okay then, buy doge on top :-)
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