Dogecoin Future of Micropayments? Fun Facts
Is the Dogecoin future of micro-payments, or does it even have any future? Since its inception, Dogecoin has evolved into an influential currency providing various solutions for webmasters and investors.
Started as a joke currency, Dogecoin quickly gained a lot of support from the Crypto community and is now helping various Micro earning platforms in their operations. The coin itself has its inspiration from an Internet meme Dog. The founder, Billy Markus, wanted to create a cryptocurrency for fun. But on its release, Dogecoin quickly developed its online community, influential than today’s popular IEOs and tokens.
Additionally, it ranks among the top 100 altcoins at the time of this post. Further, you can also trade Doges on popular exchanges, including Binance, and convert them into Bitcoin. Although Dogecoin started without a purpose except for fun, it quickly started to revolutionize online tipping. Because of low fees and divisibility into cents, Dogecoin gain attraction as an online tipping system on several platforms.
As of now, Dogecoin comes handy in various applications, such as tipping users for their work. Many Crypto companies also add Dogecoin to their platform for allowing users to deposit Cryptocurrencies with small fees.
Around November 2014, a team behind the project named Dogetipbot raised around half a million in funding to develop a bot that can assist users on Reddit and Twitch.tv to make transactions in Dogecoin through commands. Although the bot was discontinued and taken offline in 2017 due to bankruptcy, this still doesn’t ignore the fact regarding the digital tipping revolution Dogecoin is influencing.
Dogecoin future of micro and gratuity payments
There are several reasons why Dogecoin’s future is bright and worth the investment. Some of these include.
- It is easy to use. There are already several applications that have integrated Dogecoin into their platform for payments. Many services let users tip Dogecoin for creative content or as a token of appreciation.
- Dogecoin has one of the lowest transaction fees (typically 5 or 6 Doge per transaction). This is less than 10 cents at the time of this post.
- Dogecoins have one of the highest supply keeping the price stable against the rising demand.
- The coin has a large community and active development by third parties.
- It is one of the oldest coins, and its price has remained stable throughout the period.
- Transactions in Dogecoins are fast, and the average block time is just 1 Minute, making it an influential currency to solve scalability issues.
FAQs about Dogecoin’s Future
What is Dogecoin’s future price prediction?
The price of Cryptocurrency, especially Altcoins, depends on various factors. These include support from the community and also the overall market sentiment. In the context of Dogecoin, the coin will likely reach somewhere around 70 Satoshi by 2021.
Does Dogecoin have promising future growth?
Yes. Because of active development and community support, the Dogecoin price will probably continue to grow in the future. Dogecoin is also tradeable on the majority of the top Cryptocurrency exchanges and processes over thousands of transaction daily.
Will Dogecoin reach $1?
We have covered this question here in great detail.
Imagine tipping in Dogecoins in your local restaurant or sending them as a token of appreciation to individuals for their work. With a high and ever-increasing number of transactions a month, Dogecoin is likely to revolutionize the tipping and gratuity payments on the Internet. Also, Dogecoin ATMs are popping up in several locations, and the coin is continuously making its way into online earning websites. Besides, many stores and services such as Coinpayments have also integrated Dogecoin as a payment method.
You can also use the currency to shop in popular stores or buy goods and services from different brands. The comprehensive list by Cryptwerk- Pay with Doge details over 100’s of outlets where the joke currency can be used to make purchases. With active development from the third-party around Dogecoin, the future, and the price of this Cryptocurrency looks promising.
In conclusion, the Dogecoin future seems radiant for many reasons. Its influence on the web and mobile apps are enough to gather a lot of support for the coin. However, will Dogecoin will reach $1 in the distant future remains a mystery.