Reported about 1 month ago
Dogecoin has shown both dramatic gains and losses, boasting a lifetime increase of over 28,000% yet falling more than 80% from its 2021 peak. Although it has a recent gain of 60% for those who bought it a year ago, its extreme volatility and lack of intrinsic value make it a risky investment. Analysts suggest that Dogecoin’s ever-increasing supply and limited adoption hinder its long-term viability as a serious investment, recommending Bitcoin instead as a more stable alternative for crypto exposure.
Source: YAHOO