Dogecoin (DOGE) is a meme coin, a fork of Litecoin (2013) and currently sits at #8 on CoinmarketCap. Dogecoin is well-known through their communities on Reddit, Twitter and Discord, only to become more popular after being promoted by Elon Musk's tweets.
Here are some of the advantages and disadvantages that you need to consider before investing in Dogecoin. Pros: cheap Doge prices, no max supply, high popularity because it is supported by the community. While the drawbacks are very high volatility, very easily affected by FUD and FOMO, concentrated ownership and difficult to predict. Are you a Dogecoin holder?
Here are some of the advantages and disadvantages that you need to consider before investing in Dogecoin. Pros: cheap Doge prices, no max supply, high popularity because it is supported by the community. While the drawbacks are very high volatility, very easily affected by FUD and FOMO, concentrated ownership and difficult to predict. Are you a Dogecoin holder?
