No doubt, the cryptocurrency market is on this year’s lowest ebb. For new crypto-asset investors out there, it seems all hope is lost. Well, it is understandable, given that it’s a whole new experience. While many post-ICO coins have turned shitcoin, the more capitalized ones struggle to stay stable. At this point, most traders are selling off their tokens just to avert heartbreak. Well, Dogecoin (DOGE) hodlers are no exception, as they are not immune to the bearish cycle whirling across the market. Are you a DOGE hodler planning to dump your token? If yes, here’s why you should consider hanging on just a bit longer.
Dogecoin (DOGE) Doesn’t Depend on Market Hype
You know, this is one of the topnotch qualities that your one-time belittled coin has working for it. Remember that it was a joke coin, and suddenly, it got serious. Either way, just keep in mind that DOGE price surge or drop doesn’t depend on media hype. Unarguably, this is a plus!
Essentially, its survival at these trying times is riding on the willingness of the community to keep it. So, with their dogged determination (non pun intended) to increase DOGE liquidity, it will help the coin a lot. Yes, now is the time to support your at-risk coin!
Dogecoin (DOGE) Mainstream Uptake on the Increase
What’s more? Did anyone tell you that DOGE is going to turn shitcoin in the coming weeks? Well, tell them it’s not true in the slightest! In fact, DOGE is increasingly getting accepted on a daily basis.
Of all the new crypto-asset investors looking for cheap coins that can withstand volatility associated risks, DOGE is it. Perhaps this explains why popular mobile trading app Robinhood cataloged DOGE recently. Also, due to some of its unique traits, Dogecoin is ranked fifth in terms circulation (according to CoinMarketCap).
Dogecoin (DOGE) Market Performance is not Terrible
Well, DOGE is not done yet. Given the general market downturn, DOGE price performance is commendable. With many exchanges supporting it, Dogecoin is turning out to be a stablecoin in the face of sweeping turbulence. Even smaller exchanges in the industry are offloading DOGE volumes. Typical examples are Yobit and Btctrade.in.
Consequently,during the writing of this article, DOGE is trading at $0.002359 with gains of 8.55% and 1.65% against the USD and BTC, respectively. Although the gains may appear marginal, it is good news as the market is still trying to stabilize. Yes, all Dogecoin hodlers have a reason to smile. From all indications, going into next year, DOGE could be the best cryptocurrency to place an investment.
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