If there is one crypto that has stayed true to its original ideals, its Dogecoin (DOGE). From the very beginning, Doge has always been about a friendly interaction, while at the same time being able to transfer value over the internet. It’s even written on the Dogecoin website, “the fun and friendly internet currency.” This easy nature has helped Doge grow over time, as more people adopt it, not primarily as an investment, but as a fun way of sending money between friends.
But this non-investment, “just a joke” approach by the Dogecoin community has actually been its biggest asset. Dogecoin has seen its adoption grow over time for the same reason that social media platforms grow, and that’s fun. People love fun, and while doing so, they actually give value to the platforms that are facilitating it. That’s why tipping a friend online with Dogecoin (DOGE) may look insignificant, but it actually adds to the utility value of Dogecoin as a currency. Just to give you an idea of the power of Doge’s approach, it now has more daily transactions than bitcoin cash (BCH). That’s not the kind of transaction level you would expect for a joke coin, right? But that’s the reality!
Dogecoin (DOGE) is about to get even better thanks to the Doge racer game that is under development. The game that is inspired by the Doge community will integrate Doge coin as a payment system. This game is a big deal because, it will add to the fun in the Dogecoin community, further spurring its usage as an internet currency. Besides, if the game is good and it happens to go viral, there is a good chance that it will draw in more users into Dogecoin, further driving up the transaction volumes, and intrinsic value of the coin.
On top of that, through this game and others that will come along, Dogecoin will draw in young investors, further anchoring its value as the crypto for the internet generation. It’s easier for a 15 year old to have an interest in crypto than for a 50 year old. A 50 year old may have the purchasing power, but they are also more risk averse. A 15 year old has grown up in the era of the internet, and Dogecoin (DOGE) offers them a good entry point into crypto. It is cheap, fun, and has a very friendly community behind it.
The ability to loop in the young generation into crypto is a massive advantage for Dogecoin. It will give it the necessary growth required to emerge as a dominant mode of payment on the internet, as the younger generation (10-15 years) enters the crypto landscape. You will never come across Dogecoin (DOGE) hype on the internet, but you can bet on it that in 5 years, it will still be around, and with an even bigger community supporting it.