Forget Dogecoin -- This Tech Stock Is Unstoppable After Earnings
In 2013, Billy Markus and Jackson Palmer created Dogecoin (CRYPTO: DOGE) as a joke. Playing on a popular meme at the time, they slapped a Shiba Inu's head on token and called it Dogecoin. Despite its comical intentions, this meme currency has become a sensation, rising 7,500% in value this year alone.
Retail disruptor Shopify (NYSE: SHOP) certainly can't boast those kinds of gains. But if you're looking for a tech disruptor, it's still a better long-term investment. Here's why.
Dogecoin has one redeeming quality: It's built on blockchain, a secure and self-governing type of database. Rather than relying on financial institutions (i.e. banks, processors, card networks) to mint currency and manage transactions, blockchain is powered by a distributed network of miners. This eliminates many of the transaction fees imposed by traditional systems, making blockchain a more efficient alternative.
Source Fool.com
