Dogecoin Vs Ethereum: which investment to invest?

Of& nbspSwati Kishore

Are you a trader who tries to invest in cryptocurrencies in 2019 and earns more? When it comes to the competition between some of the major cryptocurrencies of the ecosystem, one can often wonder which digital currency wins the race when it comes to the issue of Dogecoin Vs Ethereum on which to invest!

Let's examine further in this article.

You can also read: Dogecoin Top Wallets in 2019

What is Dogecoin?

Like Bitcoin, Dogecoin is also a digital currency. The dogecoin, curiously, was born of a meme interenet in December 2013, when Jackson Palmer introduced him to the world.

to know more what is the future of Dogecoin, read our article on the same

Since its inception, the crypt has been crossed by wild market swings to emerge as the 24th largest digital currency in the world by market capitalization.

At the time of writing this article on January 9, 2019, Dogecoin was listed at the price of USD 0.002277 with a total market capitalization of USD 268.145,794.

Dogecoin has emerged as a successful overturning cryptocurrency, in which, instead of likes, retweets and upvotes (which for the most part have no value), users can tip someone using a currency that actually has a certain value.

You can also read: Dogecoin's mining is profitable?

What is Ethereum?

Ethereum can be described as an open source distributed computing platform based on Blockchain that facilitates the development of decentralized applications.

It is equipped with the Smart Contract functionality and supports a renewed version of the Nakamoto consensus.

Although Ethereum is a decentralized Blockchain public network like Bitcoin, however, it is interesting to note that one of the biggest differences between the two is their purpose.

While Bitcoin only works as a peer to peer digital payment system, Ethereum, on the other hand, executes the programming code of any decentralized application.

Like any Blockchain-based platform, Ethereum has its pros and cons. Read our article on the same to wrap your head on Ethereum.

Currently, Ethereum is the second largest cryptocurrency in the world by market capitalization. At the time of writing this article, it was traded at USD 152.45.

You can also read: Top 50 richest Dogecoin addresses

Should you invest in Dogecoin or Ethereum?

Now that you understand the difference between Dogecoin and Ethereum, you can decide for yourself which is the best cryptocurrency in which to invest.

While Dogecoin maintains its position because of its utility in overturning, Ethereum, on the other hand, offers several cases of use, serving as a platform for the development of decentralized applications.

Now that you may have come to your decision, you may want to know How to sell or exchange Dogecoin?

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Swati Kishore

Swati has a strong interest in emerging technologies and loves to write them. He loves trance and is also interested in the philosophy of life.