is doge a good investment

Best answer

To put it bluntly:no. With so many blue-chip cryptocurrencies and altcoins on the market today,it is hard to make a case for DOGE as a worthy investment. Keep in mind that Dogecoin has risen by a couple of thousand percent since the beginning of the year.

People also ask

  • Is Dogecoin (Doge) a good investment?

  • Dogecoin is probably one of the most widely discussed cryptocurrency of 2021, surpassed in popularity only by Bitcoin. What started as a joke has since turned into a massive, worldwide phenomenon with hundreds of thousands of dedicated fans in almost every country of the world. But what is Dogecoin really, and is DOGE still a good investment?

  • Is Doge worth investing in 2022?

  • Is Doge Worth Investing In 2022? At the time of writing, Doge is trading at $0.142437; however, the future of Doge hangs much on euphoria rather than a battle-tested use case. Since this crypto lacks utility and other than a payment method, it has no use.

  • What are the benefits of mining Dogecoin?

  • Dogecoin miners get a benefit of 10,000 Doge with every block, making huge waves in the crypto world. It is the talk of investors, with people advocating for a token to sell for $1.00. Dogecoin has grown consistently since its creation in 2013 and has a market capitalization of around $20 billion.

  • Why Dogecoin (Doge) is bad?

  • Many critics point out that Dogecoin has some serious problems, such as the fact that it has outdated technologic fundamentals, no real-life use cases, no developers, and that it is backed by nothing else by Elon Musk posting memes on Twitter.