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Before buying a piece of the DOGE pie, here’s what you must know

Before buying a piece of the DOGE pie, here’s what you must know

If there is one altcoin that has been on everyone’s lips in the cryptocurrency community, it is the one whose creators made it as a joke; Dogecoin. Tiktokers seem to like DOGE, hence the pump in Dogecoin’s price last year when they publicized it with several TikTok videos, urging the masses to stash their money into the altcoin, in return for a massive ROI when it hits $1.





That goal may soon be achieved, especially now that the world’s richest man has proven himself to be a big fan of the Altcoin. But before you join in the fun, it will interest you to know the pros and cons of the world’s 10th most valued cryptocurrency by market cap.





Changpeng Zhao, the founder of the leading cryptocurrency exchange Binance, compiled a summary of the upsides and downsides of one of the assets. 






Some pros/risks of #Doge.

Pros: Cool, fun, PR manager @elonmusk. Decentralized in the sense there are no "core team". It's abandoned.

Risks:
1 address holds 27% of all #DOGE.
Top 20 addresses holds more than 50%+ of all #DOGE
Kinda "centralized" in that sense.
"abandoned".

— CZ 
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