One of those cryptos which are famous for being a Joke digital asset but Dogecoin (DOGE) has some strong basics covered in the crypto industry. There are still some key things for Dogecoin to do for improvement in its market capitalization.
The userbase of Dogecoin is increasing significantly and the increasing demand is the key support for its growth in the market. The main thing is the speed with which it is growing, which is comparatively good but Dogecoin has nothing big that gives extra support to DOGE in the market.
So, if the meme coin really wants to become a big fish, it needs to get off that meme coin catchphrase and move on as a much mature asset. The officials should clear the upcoming plans of Dogecoin and make sure that Dogecoin is heading the right way. This would help the investors to know the DOGE in a better way and there would be much more investment coming into the crypto network.
The Dogecoin (DOGE) is still one of the highest active cryptocurrencies in the market, despite it is not among top-ranked digital assets. Surprising, DOGE has more active addresses than XRP and ETH. This shows us that Dogecoin has the potential and users are attracted towards it. But there is something lacking for DOGE and that is management.
Management is a basic element for any organization, Dogecoin needs to take advantage of its strong points and turn them into useful features. This is when Dogecoin has really made a statement in the market and if Dogecoin recognizes this, they would be aiming for the top 10 spots. That is where the bull market could really turn things on for the Dogecoin.
The Dogecoin (DOGE) community had a chance to list their crypto on Europe’s top exchange, BitPanda. The voting session was live about a week ago, which end a few days back. The DOGE lovers had an opportunity to see their best coin listed on the exchange. The poll was conducted by BitPanda and Dogecoin was voted as the second most wanted asset to be listed on the exchange after Lisk (LSK) which was voted as the most wanted crypto on the exchange by voters.
The Dogecoin has to come up with some tactics that instantly impacts its market performance. DOGE being voted as the second highest asset to be listed on BitPanda is another proof that it has a vast majority of users everywhere. Things that would help the crypto in the long-term progress, and gain the investor’s trust.
Dogecoin has dropped a bit of value in the 48 hours and currently, it is trading at $0.0019 USD with a market cap of $236 million and a trading volume of $18 million. The market is once again turned green and Dogecoin (DOGE) is just trading on the greenish side.