Dogecoin is a cryptocurrency that many people take as a joke. But it's starting to become one of the fastest growing and most adaptable cryptocurrencies yet. When it comes to the currency aspect of crypto, no one else likes it like the lovable Dogecoin. According to owner Mark Cuban, Dogecoin is the main cryptocurrency that people use as a currency to purchase goods from Dallas Mavericks.
Dogecoin focuses on becoming a cryptocurrency, which is actually a currency in the sense that it is inflationary, but less inflationary than traditional currencies. It also intends to encourage spending with an upcoming update aimed at reducing the teensfer fee on dogecoins to almost 0. It is obvious why people choose to spend this cryptocurrency over other choices. There is also a large community gathered around the meme cryptocurrency, including Elon Musk and many celebrities who support it, which is why the crypto has seen huge inroads and higher returns than other top 10 cryptos compared to the beginning of the year.
We can see cryptocurrencies starting to be adopted en masse and many use cases coming into this space. We'll see what the future holds, but it looks like Dogecoin is here to stay.