In 2021, it rose and touched new highs thanks to an endorsement from Mark Cuban, Elon Musk, and Snoop Dog. However, it has shed most of its value towards the end of 2021 and is now trading in an area of interest. It is unlikely that the coin will go any lower .
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“The coin becomes a good bet for investors if it has value ,” he added. Market experts say that meme coins are more of speculative bets, but should not be treated as an investment. Crypto coins such as Dogecoin are inflationary coins with an unlimited supply.
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