Cuban and Mark once stated that its growing community of users makes it a suitable medium for exchange. The community in Dogecoin is growing of holders and supporters because of investors that are very active on social media platforms and share memes based on the crypto as a part of its promotion. Also, one of the primary reasons for its rising community support is that its investors use it as an absolute value
DOGE can be transacted and traded on decentralized exchanges. The Ren project has enabled it to work on the Ethereum blockchain platform, and access the decentralized finance network. This means that the emerging decentralized finance movement within the crypto market is compatible with DOGE.
Dogecoin shares several similarities with BTC, meaning that there are certain benefits that they provide that are quite similar. Aside from that, their crypto’s coding is also similar which makes it easier and secure for users to transact. Also, there are no mining limits to Dogecoin, investors will have an unlimited opportunity to trade Dogecoin may it be a short-term or long-term investment.
Ever since DOGE was established, some of the best stock and crypto exchange platforms have listed Dogecoin including eToro, which is one of the biggest multinational crypto brokerages. The clients’ demands to trade Dogecoin substantially increased because of DOGE's listing in eToro.
The unique features of DOGE that was considered by several investors are, DOGE’s inflationary status, its unique mining feature, and ties to Litecoin. However, since it was an early crypto entrant, Dogecoin’s mining model is based on the proof-of-work, which means complex computational problems must be solved to validate transactions across the blockchain.