You’re an experienced holder or a new believer and you’re wondering what makes Dogecoin loans a better alternative to simply selling your crypto and using the funds? This article will help you make that distinction and make the most of your DOGE.
Pros of Taking a Dogecoin Loan
There are several reasons why people take Dogecoin loans. Some of the reasons rely on DOGE itself, some of them depend on the market conditions. Let’s take a closer look at it.
DOGE Has Its Own Celebrities
While DOGE is often called a “Meme Coin” it’s a widely known fact that it has globally famous followers among its holders like Elon Musk, Ben Phillips, Angela White, Mark Cuban, and even Mia Khalifa, and is regularly supported by them. It definitely reflects that these celebrities believe in DOGE potential, and there is something huge behind this currency, not just a “Meme”.
Borrow or Sell?
For example, some DOGE believers and HODLers might not have spare funds to buy more assets and potentially increase their returns. Also, long-term players usually don’t want to sell their holdings for daily purchases if needed. Crypto loans allow them to borrow inflation-ridden, value-eroding dollars and keep their Dogecoin at the same time. You can access the value of your investment without giving up your assets and their potential to increase in price. You can even buy even MORE DOGE for your existing ones.
DOGE Mass Adoption
Since Dogecoin is still a relatively young asset it still needs a wider adoption. Using it as collateral in crypto backed loans adds additional use cases and makes DOGE a more valuable asset. Working for the future of the currency!
Become a Part of The Most Passionate Crypto Community
As the current milestone for the Dogecoin community stands for hitting the $1 price it doesn’t mean that so-called Shibes could not bring it higher one day. Being on the board and keeping the timing is key. Should we mention that every DOGE purchase also makes it closer?
CoinRabbit Dogecoin lending benefits
CoinRabbit provides various benefits for its customers and is one of today’s most trustworthy and effective doge loan networks. And of course, already has successfully borrowed a lot of cryptocurrency users.
You can also use Dogecoin for your loans on CoinRabbit as much as you can get DOGE loans.
Early CoinRabbit adopters have several advantages. Some of them are listed below.
- Low rates on your loans
- An extremely safe platform for collateral storage with unparalleled protection
- Short time/waiting loan processing
- Unlimited lines of credit
- Unlimited loan amounts
Time for some action
For CoinRabbit, DOGE lending ensures that any DOGE owner can get an immediate loan without switching to other currencies. A Dogecoin loan service will guarantee the protection of all Bitcoin and Ethereum hodlers concerned about the instability of these assets.
Follow this link to see the terms of CoinRabbit and directly skip to the main page for the USDT or USDC you can obtain.
Not financial advice. Do your own research and take everything moderately.
Crypto-backed loans have their own risks that should be taken respectively.