Dogecoin: Is it Too Late to Invest?
Like any cryptocurrency, buying Dogecoin doesn’t guarantee huge profits for investors and no individual trade will be the one you can retire on.
To determine whether it could make a good investment, let’s do some research first – I’ll run through its history and how it works before moving on to a few factors that could make it valuable.
What Is Dogecoin?
The crypto protocol was made by copying and pasting the source code behind Bitcoin. Markus claims it took him just three hours to launch Dogecoin and that he did so for a joke.
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.
Should I Invest in Dogecoin?
Since Dogecoin was only created as a joke and has swung about wildly in price, it’s probably not something at which you want to throw your inheritance.
Dogecoin gives many people a sense of camaraderie; you could even say that it has cultural capital because of how it’s impacted society and brought people together.
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