It’s true to say that 2021 is the best year for DOGE since its launch . At the start of the year, DOGE was trading at $0.005685. By February, the coin hit $0.034 and later went to as high as $0.7376 in early May. However, even though the prices of the coin surged, the bullish trend didn’t last for long.
Read moreIs it still a good idea to invest in Dogecoin?
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 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.
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