{"id":2144,"date":"2022-02-15T07:56:54","date_gmt":"2022-02-15T07:56:54","guid":{"rendered":"https:\/\/swapzone.io\/blog\/?p=2144"},"modified":"2022-10-04T08:08:04","modified_gmt":"2022-10-04T08:08:04","slug":"invest-in-dogecoin","status":"publish","type":"post","link":"https:\/\/swapzone.io\/blog\/invest-in-dogecoin","title":{"rendered":"Should You Invest in Dogecoin?"},"content":{"rendered":"

Please, be aware that this is not financial advice: the content is for informational purposes only.<\/span><\/em><\/p>\n

There is no doubt that Dogecoin\u2019s performance in 2021 was anything but phenomenal. From its value skyrocketing by almost 12,000% to hitting an ATH (all-time-high) on May 8<\/span>th<\/span>, Dogecoin made all the headlines. Since then, Dogecoin has lost over 70% of its value, which presents the question; is it smart to invest in Dogecoin now and how to invest in Dogecoin? Where to exchange or how to buy Dogecoin. Although investing in cryptocurrencies does come with risks, this coin certainly has potential and is worth the look.<\/span><\/p>\n

What is Dogecoin (DOGE)?<\/strong><\/h2>\n

\"Doge\u0441oin<\/p>\n

DOGE, or <\/span>Dogecoin<\/span><\/a>, is a meme-crypto created by Billy Markus and Jackson Palmer in 2013 based on the popular \u201cdoge\u201d Internet meme. It was created as a fun, light-hearted crypto that was supposed to poke fun at Bitcoin and the whole idea of digital currencies. However, despite its attempt to make fun of the cryptocurrency industry, Dogecoin captured the hearts of millions of fans all over the world. The reported total value of all DOGE in existence, as of February 2022, is about $18 billion according to <\/span>CoinMarketCap<\/span><\/a>.<\/span><\/p>\n

Invest in Dogecoin Now: Yay or Nay?<\/strong><\/h2>\n

You\u2019ve probably seen a lot of headlines covering the explosive value of Dogecoin. Or maybe, you\u2019ve heard way too many stories of how people have made life-changing profits off the coin. And now you\u2019re wondering, \u201cIs Dogecoin, currently the 11<\/span>th<\/span> most valuable digital asset, worth investing in now?\u201d Let\u2019s find out.<\/span><\/p>\n

\"Invest<\/p>\n

Was Dogecoin a Good Investment in 2021?<\/strong><\/h3>\n

Dogecoin\u2019s performance in 2021 was the best for the coin since its launch. At the beginning of the year, DOGE was trading at $0.005685. By February 2021, the coin had surged to a price of $0.034. This rise in price continued all the way to early May, when the coin hit an-all-time high of $0.75. Although the bullish trend has since then stopped, DOGE gained massive profits in 2021, thereby making it one of the best investments in 2021.<\/span><\/p>\n