Doge Gardens Review Is dogegardens.io Scam or Should I Invest

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mydoge.io – dogecoin mining. Scam or Legit?

mydoge.io is a brand-new cloudmining site for mining dogecoins. As it contains lots of elements from dogebank.io – a service that disappeared a few weeks ago – it could be seen as a successor of dogebank.

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You will start with a free miner returning 1D per day for 10 Days.

Miners could be bought starting from 50D up to 50000D, returning a maximum Profit of 150% in 40 Days.

mydoge.io will definitly come to an end someday so technically it is clearly a scam. If you are too late, you will lose. However as this site it brand-new, it is possibly worth the risk for the first one or two 40 day periods.

Investing in such sites is like gambling – you can lose all of your investment. Gamble responsible.

Dogecoin демонстрирует уверенный рост в преддверии запуска проекта Dogethereum

В то время как основная часть ведущих криптовалют за последние 24 часа слегка растеряла набранные ранее позиции, старожил индустрии Dogecoin внезапно добился впечатляющего роста, прибавив в цене за последние двое суток более 50%.

Если обратить к недельному графику курса DOGE, то можно увидеть, что еще 26 августа эта криптовалюта находилась на самом низком значении за указанный период — $0.0023 (0.00000035 BTC). После постепенного роста в цене первый резкий скачок вверх был зафиксирован в четверг, 30 августа, и после небольшой коррекции монета продолжила восхождение в пятницу, добравшись в чуть ранее сегодня до отметки $0.003819 (0.00000054 BTC).

Наибольшие торговые объемы в парах с DOGE за последние 24 часа при этом зафиксированы на бирже Gate.io ($15,195 млн в паре с USDT + $2 млн в паре с BTC), следом со значительным отставанием расположились Poloniex ($6 млн) и Bittrex ($4,7 млн).

По мнению экспертов и комментаторов, столь стремительный рост этой «созданной ради шутки» криптовалюты связан с предстоящим 5 сентября запуском проекта Dogethereum, который, по всей видимости, станет первым случаем реального применения монеты.

Впервые анонсированный Виталиком Бутериным в декабре 2020, проект Dogethereum представляет собой основанную на смарт-контрактах систему, призванную стать связующую мостом между блокчейнами Dogecoin и Ethereum и в потенциале масштабируемую на другие совместимые экосистемы.

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Ранее в этом месяце состоялся альфа-релиз проекта, после чего разработчик Ethereum Алекс ван дер Санде написал, что также ведется работа над баунти-программой, размер которой должен составить 746 ETH.

The Dogethereum team is still working hard on the bounty, and now they will present work in order to reach a new milestone for 746 ether. All information is being made public beforehand so the public and the judges can make a decision: https://t.co/tcvvZNIhk3

Первая тестовая транзакция Dogethereum состоялась в феврале этого года, когда разработчики TrueBit отправили монеты DOGE в тестовую сеть Rinkeby и обратно. Тогда же было заявлено, что внедрение протокола в основной блокчейн Ethereum существенно удешевит вычисления любого уровня сложности.

На сегодняшний день Dogecoin занимает 24-е место в рейтинге CoinMarketCap с капитализацией в $427 млн. Будет любопытно понаблюдать за дальнейшим развитием проекта, поведением цены монеты и, конечно же, реакцией сообщества.

Подписывайтесь на новости ForkLog в Telegram: ForkLog Live — вся лента новостей, ForkLog — самые важные новости и опросы.

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Свободное копирование и распространение материалов с сайта ForkLog разрешено только с указанием активной ссылки на ForkLog как на источник. Указание ссылки также является обязательным при копировании материалов в социальные сети или печатные издания.

Журнал ForkLog – информационный ресурс о криптовалютах, блокчейне и децентрализованных технологиях. Мы работаем для вас с 2020 года.
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The Future Of Dogecoin: Is it worth investing in?

CoinSutra » Cryptocurrency » The Future Of Dogecoin: Is it worth investing in?

The crazy crypto world is becoming even crazier.

ICOs are on the verge of bubbling up, and insane amounts of money are flowing into almost anything and everything.

Doesn’t it remind you of the pre-dot-com bubble, when every company’s shares went skyrocketing in price? And we all remember how that one ended…

But even though the majority of “dot-com” companies crashed hard, some giants, like Amazon and eBay, were clear victors.

Winston Churchill once said:

  • “The further you look into the past, the further you can see into the future.”

It would appear that the same thing is happening now with all of these well-funded ICOs.

Most ICOs make dubious claims as to what their tech can (or will be able to) do, while many of them claim that they are “what Bitcoin should have been”. And most of them will fail.

Now before you go thinking that I am against ICOs or Bitcoin alternatives (altcoins), I definitely am not.

In fact, I am positive that some of the cryptocurrencies which will soon rise to power are going to be bigger than Amazon and eBay.

But putting aside ICOs for a minute, let’s talk about an altcoin that has been around for a while – Dogecoin.

So let’s get started…

What is Dogecoin?

Yeah, it’s quite wired, at least it was to me when I first got to know about Dogecoin. It’s also quite funny, like, why would someone create a cryptocurrency out of a dog meme?

Jackson Palmer introduced Dogecoin to the world in December 2020. Since then, Dogecoin has seen both bullish and bearish markets and has simultaneously earned a reputation as a “tipping” currency – meaning you can tip someone instantly using Dogecoins instead of valueless upvotes, likes, and re-tweets.

Dogecoin is famously known as the “joke currency”.

Palmer did indeed found the cryptocurrency as a joke, but he did so under the motivation of many people who re-tweeted Jackson’s idea several times.

Check out this short video on Dogecoin:

Dogecoin’s Community

Dogecoin has been around since 2020 and has a pretty well-developed community.

So let’s analyze Dogecoin’s BitcoinTalk, Reddit, GitHub, and Twitter communities to get a grasp on how much is left in this project.

Bitcoin Talk Forum – Dogecoin started off with an announcement on the BitcoinTalk forum. It is no longer an official channel of communication, but you will find the community is still very active there. You can always find some Dogecoin believers/non-believers discussing this crypto’s future.

Here’s a recent one:

So needless to say, many people on this forum have many different opinions…

Dogecoin Reddit – If you go to Dogecoin’s Reddit channel, you will find a decent amount of traffic. Community members are commenting and posting about once every 3 or 4 hours. This is a good sign.

Moreover, apart from bearish and bullish statements of Reddit users about Dogecoin, you will also find links such as this, this, and this which say that Dogecoin is actually being used in commerce and fundraising.

GitHub – GitHub, which holds the source code of this open-source cryptocurrency, has not seen any update since October 2020. Also, the contribution of members of this open-source development community has not been significant.

You can see the downtrend:

There has been no technical updates or development since 2020, and this shows how stagnant the coin has been since Jackson Palmer left the project by declaring that he was going on an “extended leave of absence”.

Dogecoin Twitter – Dogecoin’s Twitter handle @dogecoin also tells us a similar tale of stagnation. During the initial days of Dogecoin, you would find 3-5 tweets in a day, sometimes even more. But now, you will maybe see 1 tweet every 7-10 days, which is pretty unusual in the crypto space.

This stagnation is a likely indication of lost interest and lack of direction.

Economic Angle Of Dogecoin

Unlike Bitcoin’s deflationary model, Dogecoin is an inflationary cryptocurrency. It has a quite high inflation rate as well as an extremely large and uncapped coin supply.

While Dogecoin is technically a fork of Litecoin, they have changed several parameters. For instance, Dogecoin has a 1-minute block time, while Litecoin has a 2.5-minute block time. Also unlike Litecoin, their coin supply is uncapped and unlimited for perpetuity.

Here is their block reward schedule:

So as you can see, Dogecoin has already hit the 600,000th block in February 2020, and ever since then, they have been injecting 5.2 billion coins into the market each year (over a 4.5% inflation rate).

My Take On The Future of Dogecoin

I personally do not suggest investing in Dogecoin for the following reasons:

  • The continued inflation is not good from an investment standpoint. There is a high chance that you will not get good returns on your investment.
  • The father of the project has left the cryptocurrency world for an undetermined period of time. This is not a bad thing in itself (the father of Bitcoin, Satoshi Nakamoto, has been MIA for almost all of Bitcoin’s life), but Dogecoin has become directionless since his departure.
  • The development community hasn’t done anything (except become philanthropists) for the past 2 years.

All these things aside, the original idea was a joke. It was meant to be a funny thing that had a lot of inside references to culturally relevant (at the time) things. For instance, the inspiration to have a coin supply of more than 100 billion came from a movie.

As a general rule, I don’t usually recommend investing in something that is openly a joke.

But it certainly doesn’t mean that Dogecoin is dead; there is still a thriving Dogecoin community. Even Coindesk captured some of the comments of existing Dogecoin dev team members which clearly indicated that as long as people are willing to engage with, learn about, or buy things using Dogecoin, it is not going to die.

I also feel that it is a great tool for tipping, and for those who haven’t used cryptocurrencies before, it’s a great way to start experimenting. Dogecoin is very cheap – around $0.0009 at the time of this writing – so buying 1000 Dogecoin only costs about $1.

But ultimately, the decision is up to you.

If you want to still invest or try out Dogecoin, you can do so by exchanging any other currency for Dogecoin from CoinSutra’s cryptocurrency exchange.

Now it’s time to hear from you: What do think about Dogecoin’s future? Are you a bagHODLer of Dogecoin or are you planning to be one? Do let me know your thoughts/comments in the comments section below.

And stay tuned to CoinSutra for more hot cryptocurrency discussions!

Like this post? Share it with your friends!

Here are a few hand-picked articles that you must read next:

An award-winning blogger with a track record of 10+ years. An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

Join us via email and social channels to get the latest updates straight to your inbox.

The Future Of Dogecoin: Is it worth investing in?

CoinSutra » Cryptocurrency » The Future Of Dogecoin: Is it worth investing in?

The crazy crypto world is becoming even crazier.

ICOs are on the verge of bubbling up, and insane amounts of money are flowing into almost anything and everything.

Doesn’t it remind you of the pre-dot-com bubble, when every company’s shares went skyrocketing in price? And we all remember how that one ended…

But even though the majority of “dot-com” companies crashed hard, some giants, like Amazon and eBay, were clear victors.

Winston Churchill once said:

  • “The further you look into the past, the further you can see into the future.”

It would appear that the same thing is happening now with all of these well-funded ICOs.

Most ICOs make dubious claims as to what their tech can (or will be able to) do, while many of them claim that they are “what Bitcoin should have been”. And most of them will fail.

Now before you go thinking that I am against ICOs or Bitcoin alternatives (altcoins), I definitely am not.

In fact, I am positive that some of the cryptocurrencies which will soon rise to power are going to be bigger than Amazon and eBay.

But putting aside ICOs for a minute, let’s talk about an altcoin that has been around for a while – Dogecoin.

So let’s get started…

What is Dogecoin?

Yeah, it’s quite wired, at least it was to me when I first got to know about Dogecoin. It’s also quite funny, like, why would someone create a cryptocurrency out of a dog meme?

Jackson Palmer introduced Dogecoin to the world in December 2020. Since then, Dogecoin has seen both bullish and bearish markets and has simultaneously earned a reputation as a “tipping” currency – meaning you can tip someone instantly using Dogecoins instead of valueless upvotes, likes, and re-tweets.

Dogecoin is famously known as the “joke currency”.

Palmer did indeed found the cryptocurrency as a joke, but he did so under the motivation of many people who re-tweeted Jackson’s idea several times.

Check out this short video on Dogecoin:

Dogecoin’s Community

Dogecoin has been around since 2020 and has a pretty well-developed community.

So let’s analyze Dogecoin’s BitcoinTalk, Reddit, GitHub, and Twitter communities to get a grasp on how much is left in this project.

Bitcoin Talk Forum – Dogecoin started off with an announcement on the BitcoinTalk forum. It is no longer an official channel of communication, but you will find the community is still very active there. You can always find some Dogecoin believers/non-believers discussing this crypto’s future.

Here’s a recent one:

So needless to say, many people on this forum have many different opinions…

Dogecoin Reddit – If you go to Dogecoin’s Reddit channel, you will find a decent amount of traffic. Community members are commenting and posting about once every 3 or 4 hours. This is a good sign.

Moreover, apart from bearish and bullish statements of Reddit users about Dogecoin, you will also find links such as this, this, and this which say that Dogecoin is actually being used in commerce and fundraising.

GitHub – GitHub, which holds the source code of this open-source cryptocurrency, has not seen any update since October 2020. Also, the contribution of members of this open-source development community has not been significant.

You can see the downtrend:

There has been no technical updates or development since 2020, and this shows how stagnant the coin has been since Jackson Palmer left the project by declaring that he was going on an “extended leave of absence”.

Dogecoin Twitter – Dogecoin’s Twitter handle @dogecoin also tells us a similar tale of stagnation. During the initial days of Dogecoin, you would find 3-5 tweets in a day, sometimes even more. But now, you will maybe see 1 tweet every 7-10 days, which is pretty unusual in the crypto space.

This stagnation is a likely indication of lost interest and lack of direction.

Economic Angle Of Dogecoin

Unlike Bitcoin’s deflationary model, Dogecoin is an inflationary cryptocurrency. It has a quite high inflation rate as well as an extremely large and uncapped coin supply.

While Dogecoin is technically a fork of Litecoin, they have changed several parameters. For instance, Dogecoin has a 1-minute block time, while Litecoin has a 2.5-minute block time. Also unlike Litecoin, their coin supply is uncapped and unlimited for perpetuity.

Here is their block reward schedule:

So as you can see, Dogecoin has already hit the 600,000th block in February 2020, and ever since then, they have been injecting 5.2 billion coins into the market each year (over a 4.5% inflation rate).

My Take On The Future of Dogecoin

I personally do not suggest investing in Dogecoin for the following reasons:

  • The continued inflation is not good from an investment standpoint. There is a high chance that you will not get good returns on your investment.
  • The father of the project has left the cryptocurrency world for an undetermined period of time. This is not a bad thing in itself (the father of Bitcoin, Satoshi Nakamoto, has been MIA for almost all of Bitcoin’s life), but Dogecoin has become directionless since his departure.
  • The development community hasn’t done anything (except become philanthropists) for the past 2 years.

All these things aside, the original idea was a joke. It was meant to be a funny thing that had a lot of inside references to culturally relevant (at the time) things. For instance, the inspiration to have a coin supply of more than 100 billion came from a movie.

As a general rule, I don’t usually recommend investing in something that is openly a joke.

But it certainly doesn’t mean that Dogecoin is dead; there is still a thriving Dogecoin community. Even Coindesk captured some of the comments of existing Dogecoin dev team members which clearly indicated that as long as people are willing to engage with, learn about, or buy things using Dogecoin, it is not going to die.

I also feel that it is a great tool for tipping, and for those who haven’t used cryptocurrencies before, it’s a great way to start experimenting. Dogecoin is very cheap – around $0.0009 at the time of this writing – so buying 1000 Dogecoin only costs about $1.

But ultimately, the decision is up to you.

If you want to still invest or try out Dogecoin, you can do so by exchanging any other currency for Dogecoin from CoinSutra’s cryptocurrency exchange.

Now it’s time to hear from you: What do think about Dogecoin’s future? Are you a bagHODLer of Dogecoin or are you planning to be one? Do let me know your thoughts/comments in the comments section below.

And stay tuned to CoinSutra for more hot cryptocurrency discussions!

Like this post? Share it with your friends!

Here are a few hand-picked articles that you must read next:

An award-winning blogger with a track record of 10+ years. An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

Join us via email and social channels to get the latest updates straight to your inbox.

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