I still know something about dogecoin. In fact, dogecoin is a virtual currency based on blockchain technology, which can realize the function of payment in the process of transaction, similar to Bitcoin.
Amazon has begun to consider accepting dogecoin as a virtual currency. I think it will promote the future price increase in dogecoin, because this decision shows that Amazon is optimistic about the future development of shopping currency, and believes that the value of dogecoin does exist. First, it is good news for the price in dogecoin.
I think this news will definitely stimulate the price of dogecoin to rise further. The reason why dogecoin can enter the public's field of vision is that the price has increased by a relatively large margin. Now that dogecoin has been recognized by large companies, it shows that the recognition in the market is still relatively good, and there may be more institutions to recognize dogecoin in the future. Second, dogecoin has recently attracted attention because of its price.
I believe many people pay attention to dogecoin because of the price increase. Although the price in dogecoin is not high, the increase rate is very alarming, and it has increased several times in just a few days. People who held dogecoin before have basically made a lot of money, and the hype in the market has just begun. Third, dogecoin is a virtual currency.
In fact, the essence of dogecoin is very similar to that of Bitcoin, but the biggest difference is that the number of dogecoin is infinite. It is precisely because of this difference that I think there will be a very big difference between the future fate of dogecoin and the fate of Bitcoin.
As an ordinary investor, I think we can pay attention to dogecoin under the current situation that dogecoin has been hyped by the market. In the short term, I think it is a good time at present, but in the long term, dogecoin has no investment value.