Is it Too Late to Invest in Dogecoin?
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?
Like any cryptocurrency, buying Dogecoin doesn’t guarantee huge profits for investors.
Still, the success of both DOGE and copycat Shiba Inu coin proves that we can never know what to expect from the crypto market.
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 for it.
How Is Dogecoin Used?
Since it’s based on bitcoin, in theory, DOGE would be classed as an alternative currency. Plus, Elon Musk recently started accepting Dogecoin as a payment method.
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.
Little did anyone know that this was just the beginning. In May, it reached an all-time high of $0.67, representing a return of 334,900%.
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