Ltc vs Doge

in doge •  3 months ago

    I haven't sold/traded any LTC for DOGE, but I did start buying some DOGE.

    I think DOGE is the safest bet out there. I think I've been saying this for over a year now. I personally prefer LTC for a variety of reasons, but DOGE is the safer bet.

    That may seem ironic, how can a "meme coin" that is typically considered to be pure speculation be considered the safest bet?

    Well, it also has some very solid fundamentals behind it:

    literally the only coin to make new all-time highs in terms of bitcoin multiple cycles in a row
    
    gigantic/rising hashrate (coins like monero or bitcoin cash aren't making new highs in terms of hashrate)
    
    brand recognition. probably the third most recognized coin out there aside from bitcoin and ether
    
    large userbase (millions of people at this point most likely)
    

    I would add that despite it being a meme, its one of the most liquid coins. It literally available everywhere, which I would put among its top traits . It's one of those coins that others adopt because they are expected to.

    If you are a new exchange, bitcoin and doge are the coins you try to add. You actually go out of your way to add it. Same goes for pairs,terracore merchants, etc.

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