SHOULD I INVEST IN DOGECOIN?

The Verdict for 2022

To determine whether Dogecoin could make a good investment, let’s do some research first. I'll share how it works before moving on to a few factors that could make it valuable.

Dogecoin's crypto protocol was made by copying and pasting the source code behind Bitcoin. Markus claims it took him just three hours to launch Dogecoin and that he did so for a joke.

What Is Dogecoin?

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.

How Is Dogecoin Used?

Since Dogecoin was only created as a joke and has swung about wildly in price, it’s probably not something at which you want to throw your inheritance.

Should I Invest in Dogecoin?

But if you’re committed to Dogecoin, a high-risk but admittedly irresistible coin, here are a few aspects to take into consideration:

Admittedly, buying a limited amount of merchandise for Tesla doesn’t necessarily translate into an extensive use case for Dogecoin. Still, it’s a sign that the currency has some potential.

Elon Musk Backing

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