It’s another big day for Dogecoin (DOGE). Though the market has been largely sluggish all through the day, Dogecoin has some positive news of adoption. It has been added to the Parjar bot for tipping on telegram. The tips are instant, free and easy to do. All you have to do is swipe a comment, and leave a tip. The recipient of the tip can deposit or withdraw their tips at any time they want. So far, the reception has been amazing, and members of this telegram group are having lots of fun tipping with it. This is a big deal because it adds to the overall volumes of Dogecoin (DOGE).
Tipping is a fast growing market and any cryptocurrency that will dominate this market could see a massive surge in demand. That’s because, it will add to the volumes traded, which in turn will play a huge role in adding to crypto stability. The result will be an exponential growth in adoption, and long-term growth in value. Dogecoin already has a strong rate of adoption in the tipping market. In essence, this addition by Parjar is incremental to crypto that is already on the move in terms of adoption.
In essence, investors can be sure that Dogecoin (DOGE) will get stronger with time. One of the key factors that will drive up Dogecoin adoption is its stability. Outside of stable coins, Dogecoin is one of the cryptos that has shown a high level of stability all through the crypt bear. It rarely has wild fluctuations in value like the other altcoins. While this means that Dogecoin (DOGE) is not the best bet if you are counting on pump and dumps, it is almost guaranteed of an upside trajectory as the market becomes more mature. That’s because stability is what merchants want in crypto. No merchant wants crypto that can lose over 10% of its value in minutes. It just doesn’t make much sense for business transactions. In essence, cryptos that show a high degree of stability will continue to lead in adoption, and Dogecoin is among them. As adoption grows, so will the long-term value of Dogecoin due to this growing demand.
But why would one go for Dogecoin (DOGE) instead of stable coins? Well, Dogecoin has an advantage of decentralization, and it’s censorship resistant. These are powerful capabilities and are very important in this age when government censorship is a reality. When you send Dogecoin (DOGE), you are sure that no one can reverse or hold the transaction against your will. This is something that will play a huge role in the adoption of decentralized cryptos, and Dogecoin (DOGE) is one of them. On this basis, Dogecoin (DOGE) comes across as a solid bet in the next 5 – 10 years. It’s crypto whose fundamentals speak for themselves. The future of Doge is bright, and its possibility of rising to a dollar in a few years is quite high. It will be a slow, but incremental growth in value, backed by adoption.