This cryptocurrency was started as a joke by Billy Markus and Jackson Palmer. But today it has become one of the most valuable to invest in all cryptocurrency. In starting of this year It valued at 0.00454 USD but today its value is 0.438700 USD.
Currently ranked 6th in the market with a circulating supply of 129.43 billion coins with a market cap of 49.681 billion USD, Is one of the most promising cryptos to invest in. It is predicted that by the end of this fiscal year (March 2022) the value of dogecoin could reach 1 USD. After a funny tweet from Elon Musk this currency has skyrocketed and has never seen the dark day till now.
My story with Dogecoin.
In mid of April, I invested 10 USD in dogecoin at 0.068 USD per coin. Suddenly on April 18, my invested value doubled then on the next day it became quadruple. I withdraw my invested value and now the investment contains the profit I earned from it. But at last of April, all cryptocurrencies fell to a minimum of the week. Dogecoin was no exception. suddenly my profit became half and then 1/4th. But I have planned a long time investment in dogecoin. and today it is again at the peak with a value of 0.438 USD.
Some advice on investment in cryptos.
- Don't invest in any crypto just because its price is low.
- Study the trend in the crypto market.
- If you see high profit in your investment, withdraw at least half of your invested value.
- Learn on your own about which crypto to invest in. Don't depend on others.
- If there is a profitable investment, then there is also an unfavorable investment.
So, at last, I would like to tell you that before investing in any cryptocurrency you should study it well. if you want to invest in stable currency just go for USDcoin and DAI. if you want to make a secure investment invest in bitcoin and ethereum. Bit if you really want to make cash go for currencies like dogecoin, fetch.ai, cardano etc.
Don't invest in cryptos that have no future.
