Dogecoin (DOGE) is celebrating 5 years since it came into existence. Those 5 years are worth being proud of, and the next 5 could be even bigger for Dogecoin (DOGE). One thing that makes Dogecoin worth being proud of in the last 5 years is the level of adoption it has gained in this period. What started out as a joke coin, has turned out to be one of the most adopted cryptocurrencies for payments purposes.
Unlike most cryptos that are still struggling to gain adoption, Dogecoin (DOGE) usage by merchants has grown tremendously over the years. At this point, over 95% of Dogecoin’s transactions come from real use, such as people buying or selling stuff in Dogecoin (DOGE).
This means that, while it has a speculative aspect to it, Dogecoin (DOGE)’s core value comes from real-world usage, and this is a good reason for investors to take pride in Doge. It has not only achieved what so few cryptos have been able to achieve but also guaranteed its survival in the long-run. By having real usage, Dogecoin holders are sure that no matter how low the crypto market goes, Dogecoin is not going to zero. It is one of the cryptos that are well positioned to bounce back bigger in the nextBull Run.
Another thing to be proud ofwith Dogecoin is the community. Compared to other crypto communities, theDogecoin community is probably one of the friendliest in the market. Unlike most communities that have turned toxic and hostile to any ideas that don’t conform to what everyone wants to hear, the Doge community is very open-minded.
People constantly exchange ideas, and it’s quite inviting to new investors. The community aspect to it may not come across as that important at first, but itis actually a big deal. That’s because it is through a friendly community that new ideas get to flourish. Ideas like the Doge racer game and the different charities that Dogecoin has done are all community-driven. This community is an achievement for Dogecoin and has helped propel Dogecoin to levels that most cryptocurrencies that have more hype than Dogecoin have been unable to achieve.
Dogecoin can also celebrate the increased number of exchanges that have been listing it. Dogecoin (DOGE) has over the last few years been added to a significant number of exchanges. The listing on Robinhood this year, was one of the most notable milestones. It opened up Dogecoin to adoption by new investors who don’t have much knowledge of cryptocurrencies.
Looking into the future,Dogecoin is well-positioned to achieve even bigger things. Its adoption as acurrency for everyday value transfers will only increase. That’s because, overallcrypto awareness and adoption is on the rise. This will act as a catalyst for the faster adoption of cryptos that arealready high in adoption levels, such as Dogecoin (DOGE). Besides, as more people learn and appreciate the meaning and importance of decentralization, the value of truly decentralized coins like Dogecoin will rise.