Should I Invest in Dogecoin in 2022?

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When Dogecoin (DOGE) first came onto the scene, most people saw it as a joke, including its founder. Then suddenly, even Elon Musk was backing the coin, and its value soared.

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Now though, the price has dropped, and some are wondering if Dogecoin is just a joke after all. You might be asking yourself: Should I invest in Dogecoin, or have I already missed the boat?

To determine whether it could make a good investment, let’s do some research first.

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Since it’s based on bitcoin, in theory, DOGE would be classed as an alternative currency.

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Should I Invest in Dogecoin in 2022?

When Dogecoin (DOGE) first came onto the scene, most people saw it as a joke, including its founder. Then suddenly, even Elon Musk was backing the coin, and its value soared.

Now though, the price has dropped, and some are wondering if Dogecoin is just a joke after all. You might be asking yourself: Should I invest in Dogecoin, or have I already missed the boat?

To determine whether it could make a good investment, let’s do some research first.

Since it’s based on bitcoin, in theory, DOGE would be classed as an alternative currency.

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How Is Dogecoin Used?

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When Dogecoin launched, its price was $0.0002. In February 2021, the coin enjoyed what at the time seemed like a big jump up to $0.079.

Dogecoin Price History

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In May, it reached an all-time high of $0.67. The crypto market as a whole crashed by summer 2021, and DOGE went down with it. In July, its value fell to just $0.17.

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We can all agree that Dogecoin’s rise is nothing short of fascinating. It’s probably best if you don’t bet your entire net worth on Dogecoin, though.

Should I Invest in Dogecoin?

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