Source:https://changelly.com/blog/dogecoin-doge-price-prediction/#Is_Dogecoin_Mining_Profitable
Dogecoins had no lifetime limit on the number that can exist at a particular time , and millions of new Dogecoins are released into the markets everyday , there is very little incentive to hold the cryptocurrency for the long term. Bitcoin continues to rise in value because of the system’s lifetime cap on the number of coins that can be created.
“Doge really is less like Bitcoin and more like DASH or Bitcoin Cash, where the express goal is a spending currency,
Historically, the per coin value of Dogecoin has been very low, around $0.003 per coin for most of 2020, so people were more likely to give them away cos they felt it worthless . “Users on social platforms, like Reddit, Twitter, Facebook, and others, can use Dogecoin to reward, or “tip,” each other for posting content, so its not widely used but it’s speculative to have future value
Currently dogecoin is $0.06751