Spotlight Growth
No Result
View All Result
Thursday, July 7, 2022
  • Login
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Is Dogecoin (DOGE) No Longer a Joke?

by admin
May 13, 2018
in Cryptocurrency
0
Dogecoin DOGE Transactions Hard Fork News

Dogecoin DOGE Transactions Hard Fork News

Cryptocurrency remains a technologically involved industry. The purchase and trade of Bitcoin is still a remarkably niche interest, despite a large market cap and increased use cases. This is partially the result of a sharp learning curve, requiring a high degree of tech literacy just to enter the market. Further, the process can be intimidating – something that Dogecoin (DOGE) attempts to mitigate. Started as a ‘joke’ coin in 2013, Dogecoin is now anything but. DOGE’s market cap is sitting at $560 million USD, which places it within the top 50 cryptocurrencies – despite existing solely as a friendly face for new investors.

Certainly, Dogecoin’s publicity proved itself successful. While other altcoins may have a higher market cap or greater individual value, Dogecoin is almost universally known in the blockchain community. The Shiba Inu face that they’ve used as an icon graces most chats and forums. Further, discussions of cryptocurrency value almost always contain a reference to Dogecoin’s mantra, “1 DOGE = 1 Doge.”

More Transactions than Bitcoin Cash

As Bitcoin’s individual price became unwieldy for purchasing, a small subset of the community performed a hard fork and created Bitcoin Cash. Supposedly, this new cryptocurrency would be more usable as a digital currency. While BCH remains in a solid 4th place by market cap, there’s a trend that should be distressing for supporters – and promising for those invested in Dogecoin. Both Dogecoin and Litecoin have maintained a higher transaction rate than Bitcoin Cash. That means that more people are trading the supposed ‘joke’ coin than the strongest Bitcoin derivative.

Source: Cryptonews.com
Source: Cryptonews.com

There are several factors in play, including several controversies related to the Bitcoin Cash hard fork. However, something that the cryptocurrency market frequently forgets is the psychological impact of owning full integers. Fractionalization is great for allowing investors to get involved but owning a thousandth of a Bitcoin is less impactful than owning tens of thousands of Dogecoin. Although a percentage gain is the same, regardless of per unit price, new investors often hope that smaller coins will go up more easily.

Dogecoin based Smart Contracts?

Smart contracts are becoming ubiquitous in the crypto-sphere, as decentralized applications gain more traction. As a result, an upcoming fork of the Dogecoin blockchain will introduce smart contract functionality – dubbed Dogethereum. Still in the future, there’s not much information about the new project. DOGE succeeded in attracting the average person to cryptocurrency through levity. Dogethereum may be able to do the same for smart contracts and decentralized applications.

 

Article By: Adam Stone

Tags: altcoinsapplicationsappsBCHBitcoinBitcoin CashblockchainBTCcoinmarketcapcryptoCryptocurrencycryptonewsdAppsdecentralizeddigital assetsdigital currencyDOGEDogecoinDogethereumemerging growthEthereumhard forkhodlinvestmentjoke coinLitecoinLTCnewsRipplesmall capssmart contractsSpotlight GrowthSpotlight Growth Stockstechtransactions
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

November 22, 2021
Alfi NASDAQ ALF Ridesharing Tablet Rollout Spotlight Growth

Alfi, Inc. (NASDAQ: ALF) Climbs 51% After Entering Into Agreement with Miami-Based Fulfillment & Distribution Center For its Ridesharing Digital Tablet Rollout

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Waitr NASDAQ WRTH 7 Eleven Delivery Spotlight Growth

Waitr Holdings (NASDAQ: WTRH) Expands Delivery Reach with New National Collaboration with 7-Eleven

July 6, 2022
Resolute Paper Products NYSE RFP Paper Excellence Group Takeover Spotlight Growth

Resolute Forest Products (NYSE: RFP) Enters into Agreement to be Acquired by Paper Excellence Group for $2.7 Billion

July 6, 2022
Inspira Technologies NASDAQ IINN Hyla Blood Sensor Spotlight Growth

Inspira Technologies (NASDAQ: IINN) Unveils Non-Invasive Blood Sensor that Provides Real-Time Changes in Patients

July 6, 2022
5 Micro-Cap Stocks That Are the Best Performers Through the First Half of 2022 Spotlight Growth

5 Best Performing Micro-Cap Stocks Through the First Half of 2022

July 5, 2022

Recent News

Waitr NASDAQ WRTH 7 Eleven Delivery Spotlight Growth

Waitr Holdings (NASDAQ: WTRH) Expands Delivery Reach with New National Collaboration with 7-Eleven

July 6, 2022
Resolute Paper Products NYSE RFP Paper Excellence Group Takeover Spotlight Growth

Resolute Forest Products (NYSE: RFP) Enters into Agreement to be Acquired by Paper Excellence Group for $2.7 Billion

July 6, 2022

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us
Spotlight Growth

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested