Thanks to Elon Musk, Dogecoin is now worth mentioning in 2021. But, in this post, I will show you the 5 best cryptocurrencies like Dogecoin.
Without further ado, here are our top picks.
5 Best Cryptocurrencies Like Dogecoin
1. Monero designated as XMR
Monero is a crypto asset that enables users to carry out transactions that are absolutely untraceable. It is a community-tailored project supported in full by donation with the purpose of providing users confidentiality while banking.
Just like Dogecoin that is open and allows transactions to be traced, Monero utilizes a cryptography technique known as “ring signatures” to safeguard its customers’ transaction info and identity.
The cryptocurrency offers a simple system that allows holders to buy monero coins and then spend them. Interestingly, the number of merchants that accept monero presently are less than 200.
2. Polkadot also known as DOT
Another cryptocurrency like Dogecoin is Polkadot.
This is a proof-of-stake crypto asset that delivers interoperability amidst other blockchains. It makes use of four systems, namely parathreads, a relay chain, parachain and bridges to link digital currencies across blockchains.
Just like Dogecoin, polkadot enables holders to create a personalized blockchain.
3. Energy Web also known as EWT
Energy Web was developed by a nonprofit known as Energy Web Foundation. The coin is amongst the Energy Web chain supporting less carbon and customer-centered ideas to produce electricity.
From its digital platform, the foundation has accumulated users from over a dozen countries including Germany, Japan, and the United States of America. Its website states, “EW also grew the world’s largest energy-sector ecosystem having grid operators, corporate energy buyers, renewable energy developers, utilities, and others who concentrate on open-source, centralized digital technologies.
4. Cardano also known as ADA
Another noteworthy mention on our list of the best cryptocurrencies like Dogecoin is Cardano.
Similar to Dogecoin, Cardano plans to offer centralized financial products to its users, but it was developed with the primary aim of providing security. Unlike the case of smart contracts used by ETH, Cardano utilizes a “native” token logic linked right to Cardano’s ledger and is co-founded by one of the first developers of Ethereum, Charles Hoskinson.
At its early stages, some believed it would take over its larger rival, Ethereum.
5. Ocean Protocol also known as OCEAN
Ocean allows organizations to tokenize and sell their info on the Ocean market. Also, it allows users to design their own application and use Ocean protocol’s blockchain security. The website states, “Ocean makes it easy to publish data services (deploy and mint ERC20 data tokens) as well as consume data services (spend datatokens).
So, that’s it, the 5 best cryptocurrencies like Dogecoin.
Any of the above-mentioned cryptocurrencies can serve as an alternative for dogecoin. In fact, these crypto coins function quite similar to Dogecoin as they can be used to purchase items online, make payments, receive payments, and make subscriptions.