$DOGE 0192837464656574839201 type coin مشفرة Cryptocurrency

The mechanism works based on the Scrypt algorithm derived from Litecoin.
The source has no maximum limit on the available coins for inflationary mining, as approximately 10,000 new DOGE coins are issued every minute.
The main use is primarily for the Tipping system and online rewards, and increasingly as a means of payment.
Factors Affecting the Price of DOGE
The analysis of Dogecoin differs from other coins as its price is greatly affected by
1 The impact of celebrities like Elon Musk; his tweets or statements lead to rapid and significant increases or decreases.
The FOMO of social media significantly impacts Community Power and the Pump and Dump movement through Reddit and X.
3 Technical Development and Governance There are ongoing efforts to improve network efficiency and reduce transaction fees.
Negative Risk Analysis
The lack of serious use cases does not have decentralized applications (dApps) or complex technology use cases.
The continuous issuance of DOGE coins without a maximum limit puts pressure on the price in the long term.
High volatility is considered a highly risky and very volatile asset.
Summary
Dogecoin is a community-driven and hype-driven coin and is considered a high-risk, high-reward investment#LaunchTokensOnSquareToGrab$1,000 #LaunchTokensOnSquareToGrab$1,000 #CryptoMarketWatch #TopGainersInADownMarket #BitcoinPriceWatch