Should You Invest in Dogecoin Or Did You Miss the Boat?

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.

Universal Studios

You might be asking yourself: Should I invest in Dogecoin, or have I already missed the boat?

Like any cryptocurrency, buying Dogecoin doesn’t guarantee huge profits for investors and no individual trade will be the one you can retire on. The path to trading profitably is a long road and it took me a long time to realize what I needed to do to get there.

Still, the success of both DOGE and copycat Shiba Inu coin proves that we can never know what to expect from the crypto market.

In other words, we can’t rule out a DOGE comeback. To determine whether it could make a good investment, let’s do some research first – I’ll run through its history and how it works before moving on to a few factors that could make it valuable.

How Is Dogecoin Used? Since it’s based on bitcoin, in theory, DOGE would be classed as an alternative currency. Plus, Elon Musk recently started accepting Dogecoin as a payment method for Tesla merch, which seems like the use case he foresees.

Swipe Up to Read the Full it too late?