Is Dogecoin A Good Investment?
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Loading... - Agnes Janos
- 31 Oct 2022
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Last year Dogecoin (DOGE) saw its price jump into a new record-high territory after a one-word tweet by Elon musk. But with a pullback in Dogecoin price, many investors are wondering if DOGE is a buy right now.
Dogecoin has been a “free and fun” competing cryptocurrency since its inception in 2013. With huge patronage by well-established investors such as Elon Musk and Mike Cuban as well as hype from celebrities (Gene Simmons and Snoop Dog), is the coin destined to soar to new highs?
On Monday, March 1, 2021, the Dallas Mavericks announced that DOGE will be accepted as payments for tickets and merchandise.
Up 3,200% on a 1-year basis, Dogecoin has surpassed well-known companies such as Avast Antivirus, Healthcare Trust of America, New York Community Bank, Hankook Tire, Park Hotels & Resorts and Shell Midstream Partners in terms of market capitalization (as per data retrieved from Company Market Cap website).
Is Dogecoin an asset that can attain the same status as Bitcoin, Ethereum, Litecoin and Binance Coin in terms of trading price?
On Monday, March 1, 2021, CoinFlip, the largest network of Bitcoin ATMs in the United States, tweeted that “Fans of DOGE can now buy the cryptocurrency with cash at any of its 1,800 locations nationwide”. Read More...
