Dogecoins and Bitcoins are the new faces of currency, digital or virtual currency of course. Recently, both of these currencies have started to gain immense popularity in the past years. Moreover, these currencies are now widely available and acceptable to people now can use them in order to buy things online, buy properties and other stuff etc. Therefore, it is said that the future lies within these virtual currencies, Dogecoins and Bitcoins. Dogecoins is an open source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide whereas Bitcoins is a digital currency in which transactions can be performed without the need for a central bank.
Dogecoins and Bitcoins, both of these currencies have attracted different audiences with its introduction in the digital currency community. It is not possible to either compare or put Bitcoins and Dogecoins in competition with each other. Despite being built and created on the same core software, but the purpose of both of these inventions are way too difference, hence two different reasons. The reason for the invention of Bitcoins was because of distrust over government controlling the money of public whereas; the creation of Dogecoins was rather a joke. No one ever thought about it that they will gain immense popularity along with the wide acceptance of it. Jackson Palmer, who created Dogecoins, could not believe it as well.
There is no doubt about the fact that currently, Bitcoins is leading in being more worthy than Dogecoins. They are valued at around $400-$500 dollars having a total market capitalization of more than $10 billion. However, Dogecoins are worth as cheap as $0.000035 when compared to Bitcoins has very less market capitalization of $9 million. This is due to the fact that Bitcoins are only used for big purchases and large scale transfers which include buying property etc. On the contrary, Dogecoins is primarily being used to transfer small amounts of money around the world.
Doernberg of U.S. currency says “For young people who spend all of their time on the Internet, I don’t know that it’s any more weird to have a guy from the [1700s] there than a dog. I don’t think it makes any more sense to have Ben Franklin there than Doge.” Hence to sum it up, in terms of values and transactions, Bitcoins are currently more worthy than Dogecoins. It is believed that 1 Bitcoin can buy any individual about 1,700 Dogecoins. Analysts have predicted that if Dogecoins pick up the pace in the coming years, they might be considered as the next Bitcoins or even better.