Dogecoin: Is it Too Late to Invest?

Then suddenly, even Elon Musk was backing the coin, and its value soared.

When Dogecoin (DOGE) first came onto the scene, most people saw it as a joke, including its founder.

Now though, the price has dropped, and some are wondering if Dogecoin is just a joke after all.

You might be asking yourself: Should I invest in Dogecoin, or have I already missed the boat?

I’ll run through its history and how it works before moving on to a few factors that could make it valuable.

To determine whether it could make a good investment, let’s do some research first-

What Is Dogecoin?

DOGE dates back to 2014, making it even older than Ethereum, which launched in 2015. But unlike most cryptocurrencies, its team never had high hopes of it.

How Is Dogecoin Used?

Since it’s based on bitcoin, in theory, DOGE would be classed as an alternative currency.

Dogecoin Price History

When Dogecoin launched, its price was $0.0002, which didn’t change significantly until 2021. In February 2021, the coin enjoyed what at the time seemed like a big jump up to $0.079.

Should I Invest in Dogecoin?

Suppose you’re looking for a surefire way to grow your investments. In that case, other cryptocurrencies arguably have more inherent value and should therefore be  less risky.

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