“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.
Read moreIs Dogecoin a good investment in 2021?
Based entirely on the fact that Dogecoin has no real-world utility, I don’t recommend investors buy it . With the price significantly down from its recent high, scooping up this meme coin might seem like a low-risk move with big upside.
Read moreIs Dogecoin still worth investing in?
Dogecoin is already down 77% from its May peak, and history suggests it has a ways to go before it has any chance of finding a bottom. Despite Dogecoin’s popularity and big gains, investors should consider it one of the worst cryptocurrencies to buy for 2022 and beyond .
Read moreIs DOGE worth investing in 2021?
A $1,000 dogecoin purchase on Jan. 1, 2021 — at a price of less than a cent per coin — would be worth $121,052 at Wednesday’s high of 69 cents , a gain of more than 12,000% according to CNBC calculations.
Read moreWill DOGE keep going up?
According to this technical analysis, the DOGE is likely set for an upward trend . The wait is now on news events that will trigger the bullish run, perhaps a tweet from Elon Musk.
Read moreIs Dogecoin a long term investment?
Like most investments, crypto assets come with a host of risks but also vast potential rewards. Dogecoin has the potential to be a lucrative short-term investment , but the long-term viability of the digital coin is debated among investment specialists.
Read moreWill Dogecoin ever be valuable?
Users are regularly encouraged to buy DOGE coin expecting Dogecoin will rise to a projected value of $1 per DOGE token . Dogecoin almost reached it recently, topping out over 75 cents per DOGE. If Dogecoin future price action becomes bullish again, $1 is finally possible.
Read more