Dogecoin was present in 2013 as a joke. Cryptocurrency based on Litecoin and using Scrypt technology instead SHA-256. In 2014, the Dogecoin Foundation managed to raise money for the NASCAR racer Josh Wise and the Jamaican team in bobsleigh.
No one took seriously this currency, and all the statements that you need to buckle up, because with the dogecoin we will go to the moon sound like a joke, but since December 2013, a lot of time has passed, and Dogecoin is still on the market. Even despite the fact that the Doge-meme, on which the cryptocurrency is based, almost forgotten.
Below is a exchange schedule of the cryptocurrency for few years, and as you can see at the very beginning there was a special demand for it, at the start it beat records by the number of transactions per day. Years later the course has repeatedly passed the correction phase, and even took a part of the bitcoin rally in late 2017, but in general the dogecoin course is quite stable.
That’s why I think that Dogecoin is currently the best cryptocurrency for storing your digital financial savings. Someone will say that Dogecoin can be infinitly produced, which makes it inflationary, but for the record, our favorite dollar is also printed when it’s needed, so I think this not deadly sin of our cryptocurrency. Another plus one point in favor of Dogecoin is upcoming Chinese New Year, so I think Dogecoin can be a good investment for the next 12 months.