December 17, 2018

What Experts Say About Dogecoin?

  • by Lucas Mohammed
  • 11 Months ago
  • Comments Off

When it comes to cryptocurrency, people generally think about Bitcoin. However, there are different types of cryptos and some of them are even better Bitcoin. Bitcoins are not just digital assets, they are also a part of community. One of the major altcoins in the gaming industry is Dogecoin. It was launched in the year of 2013 on 6th December. Do you know the smallest breed of a spitz dog? It’s called Shiba Inu. It’s also the mascot of Dogecoin. Initially, it came to the market as a joke but in the recent days, Dogecoin has become one of the significant crypto in the community. The other name of Dogecoin is friendly coin and it is well known charity donations and other good reasons. Fans of Dogecoin too, have a specific name, and that is, Shibes. The best part is, they have their own language which is basically made of funny broken terms and phrases of English. Shibes also have meme generators that can be tried for chatting in the community.

How can dogecoin be used?

As mentioned before, Dogecoin is used for all the good causes around the world. A typical dogecoin casino provides exceptional gambling options through which you can bet a certain amount of the altcoin to win more of it. For instance, if you are playing a game that is waged 500 Dogecoins and have won a standard hand, the wager becomes double. However, be sure that Dogecoins can’t be used in offline casinos. The betting of Doge remains true to the digital currency and thus, you can play only in an online casino. If you’re new in the field of online gaming, then you have missed a lot. Traditionally, it was used in microgaming but in the recent days Dogecoin has evolved and thus, it supports auditing, third-party oversight and regulation. These are even safer than the previous days and promotes secure gambling through the most exciting and convenient games.

The value of Dogecoin

Standing on the current day the worth of a single dogecoin is only $0.002383. However, you should remember that it has no supply limit. This subside is due to the abundance of availability and thus, the price will not increase like Bitcoin and Litecoin which are limited in supplies. Currently, there are 21 million Bitcoins in the market but. In the case od Dogecoin, the number reaches to 114 billion in circulation. This means, Dogecoin is the best cryptocurrency for small transactions. Now you can naturally understand why it is used for charities and tipping. The price of a single Dogecoin may be under one cent, but this doesn’t indicate that it is worthless. When it comes to Dogecoin market cap it reaches to 330,900,232 US Dollars, which means that the crypto is higher than 1 billion USD. One of the most popular games in a dogecoin casino is, Dogecoin Dice. The house edge is just one percent and has no payout structure and also supports Provably Fair system.

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