currency and announced he was leaving Dogecoin behind, as he promised he would if people started taking his joke too seriously. Dogecoin orientiert sich an der eben angesprochenen Kryptowährung Litecoin. Competition in the Blockchain Space, reddcoin is a social cryptocurrency that was created to enable users to tip content creators in various social networks, and is a direct competitor to Dogecoin. Think of it as a more meaningful like or upvote, with real value that can be used all across the internet.
Meaning, miners receive a high enough reward for their work to maintain the Dogecoin blockchain. At first, this growth was caused by the signing of a new partnership with GoCoin in September 2014, but the main driver of price growth was the fact that on January 19, 2014, the Dogecoin community and foundation raised 50,000 for the Jamaican Bobsled Team. In fact, as of June 2018, Dogecoin was processing 300 more transactions than Bitcoin Cash. This is also an indicator of centralization of Dogecoin, however, the main holders of tokens are ordinary holders and exchanges. Doge / USD Daily Chart (Source: TradingView) The Stochastic Indicator on the daily time frame is attempting to recover higher, with a bullish line crossover in its early stages. Therefore, the doge price change is mainly speculative and depends on the behavior of the entire market at the moment. Tip Bots Comparison, dogecoin has better prospects in the short-term than Reddcoin, Bitcoin Cash and Nano due to its large and active user base. Developers are Max Keller, Ross Nicoll, and Patrick Lodder. However, doge is less volatile than its competitors at the moment.