Is Dogecoin a good long term investment?

No . Just like WSB posts of people making 100’s of thousands of dollars is a misnomer. Realize this: for every person that gets rich off of stock or crypto, a million other people lose their shirts doing the same thing.

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.

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 .