With the rise of cryptocurrencies over the past decade, many new digital assets have emerged on the market. One of the earliest and most popular meme coins is Dogecoin, known by its Shiba Inu dog mascot. While Dogecoin saw huge gains in 2021, some argue that its long-term prospects are limited compared to the original cryptocurrency – Bitcoin. In this article, we will explore some of the key benefits of converting Doge to BTC and using platforms like Rubic to facilitate cross-chain swaps between the two assets.

Cross-Chain Swaps

One of the main advantages offered by Rubic is the ability to swap assets between multiple blockchain networks in a single trade. Rather than needing to first convert Dogecoin to a stablecoin on one DEX and then swap that stablecoin for Bitcoin on another DEX, Rubic allows direct swaps between the Dogecoin and Bitcoin blockchains. This simplifies the trading process and trading process and trading process and avoids issues like long withdrawal times that can occur when using multiple decentralized exchanges. Being able to seamlessly trade between different blockchains in one transaction improves liquidity and makes converting Dogecoin to Bitcoin much more convenient.

Trading Liquidity and Lower Fees

With support for over 15,500 digital assets, Rubic is one of the most liquid on and off ramps between cryptocurrencies. By aggregating liquidity and orders from over 220 decentralized exchanges and automated market makers, Rubic offers improved prices and faster trade execution compared to using individual DEXs. This increased liquidity and competitive pricing is a big advantage for converting large Dogecoin holdings to Bitcoin. Rubic also routes trades through the lowest gas fee networks to minimize costs. For those looking to take profits, lower trading fees allow them to keep more of the value of their original Dogecoin investment.

Hedging Against Volatility

As a well-established cryptocurrency, Bitcoin tends to be less volatile than smaller and newer alternative coins. Converting Dogecoin gains to Bitcoin through Rubic can help traders hedge against downside price risks that are more common with smaller market cap assets. Should the hype and speculation around Dogecoin fade, its price may decline more sharply than Bitcoin. By reallocating profits to the largest cryptocurrency, traders can protect the value of their gains in a less volatile asset. Bitcoin also historically acts as a safe haven during broader crypto market sell offs.

Regulatory Uncertainty

There is uncertainty around how governments may regulate cryptocurrencies going forward, especially those like Dogecoin that were created more as a joke than with long term goals. While regulation does pose risks even for Bitcoin, its large size and role as a pioneer in the industry give it certain advantages. Converting Dogecoin to the more established Bitcoin could be seen as a lower risk approach should regulations negatively impact smaller or newer coins in the future. Platforms like Rubic that facilitate cross-chain swaps in a decentralized manner may also be better positioned to withstand any regulatory pressures compared to centralized exchanges.

Conclusion

While Dogecoin captured headlines in 2021, its long-term prospects are less certain compared to the original cryptocurrency – Bitcoin. For those looking to preserve or grow the value of their crypto holdings over time, converting Dogecoin gains to Bitcoin as well as BTC to Doge provides exposure to a blue-chip digital asset with stronger qualities as a store of value. Cross-chain DEX aggregators like Rubic simplify this conversion process, while also unlocking liquidity and trading opportunities across multiple blockchain networks. With regulatory and market uncertainties ahead, reallocating profits from alternative coins to Bitcoin could be a prudent strategy for long term crypto investors. 

By james