Dogecoin: Is it Too Late to Invest?

When Dogecoin (DOGE) first came onto the scene, most people saw it as a  joke, including its founder. Then suddenly, even Elon Musk was backing  the coin, and its value soared.

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

DOGE dates back to 2014, making it even older than Ethereum, which launched in 2015.

What Is Dogecoin?

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

How Is Dogecoin Used?

DOGE gained traction by taking inspiration from a meme and using it to  give a middle finger to the financial system and cryptocurrencies that  take themselves too seriously.

Cultural Capital

The markets are always doing crazy things, and once you embrace that fact, you can profit from it.

Profit on Market Irrationality

The entrepreneur’s company Tesla started accepting Dogecoin as a payment method to buy its merchandise.

Elon Musk Backing

Swipe up to continue reading!