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 run through its history and how it works before moving on to a few factors that could make it valuable.

DOGE dates back to 2014, making it even older than Ethereum, which launched in 2015. The crypto protocol was made by copying and pasting the source code behind Bitcoin.

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?

Suppose you’re looking for a way to grow your investments. In that case, other cryptocurrencies have more inherent value and should therefore be less risky.

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:

Dogecoin gives many people a sense of camaraderie; you could even say that it has cultural capital because of how it’s impacted society and brought people together.

Cultural Capital

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