Is Dogecoin A Good Investment - Full DOGE Details in short words - TechHarry

Is dogecoin a good investment?

Dogecoin which is known as DOGE is a new trending cryptocurrency which was invented by software engineers Billy Markus and Jackson Palmer as a joke of cryptocurrencies and to create a payment system free from old banking fees.

Dogecoin features the face of Shiba Inu dog from the very trending "Doge" meme as DOGE (cryptocurrency) logo. Dogecoin was invented through C++ programming language. Dogecoin was introduced to the market in 2013 and it has grown so much online community that now, Dogecoin has the market cap. of $49.01B USD where 127B Dogecoins is being regulated.

Dogecoin Value (Year by Year)

Dogecoin is so popular that even a man itself make millions out from it. But when it started regulating in the crypto market, it was not so attractive or have any scope.

As you know, Dogecoin was invented in 2013 as a meme coin with the face of Shiba Inu doge meme. That's why, unlike Bitcoin, till 2019, there was actually no dogecoin wallet available. But after looking at its growth and when people actually going to buy or mine more dogecoins then some popular crypto wallets like Coinbase, Binance, Ledger Nano, CoinSwitch Kuber etc. has started adding Dogecoin into its wallet.

On 1st March, 2019, the price of Dogecoin was $0.001912USD and then dogecoin got its first high price on 5th April, 2019 at the price of $0.003640USD. Then after so many months, the price of Dogecoin hit a new highest rate which was $0.010046USD on 4th January, 2021 (almost after 2 years). Then the price of Dogecoin fluctuated very much. This year, Dogecoin has recorded its all time high of $0.434727USD on April 16, 2021. Now, Dogecoin is rapidly increasing day by day. At the end of the day, on May1, 2021, it has recorded $0.364706USD price.

Doge Coin From 2019 to 2021
Source: CoinDesk

Dogecoin Growth in 2021
Source: CoinDesk

There are two Dogecoin prices have been explained. You can easily see that how much Dogecoin has been grown in this year. This is the true power of Dogecoin. Dogecoin is expected to touch the price of $1 USD at the end of 2021 and also can be more price than only $1.

 I think, everyone should buy and hold most of the dogecoins. It will help in more growth of dogecoins and if you would have bought some dogecoins then increasing in the price of DOGE, you will also get profits.

Top DOGE Coins Influencers

Elon Musk is the biggest influencer of Dogecoin. His one tweet just shake the whole world. Recently on April 28, 2021, he just tweet "The Dogefather SNL May 8". After 10 minutes of this tweet, Dogecoin shot like a star and hit from $0.262727USD to $327144USD. This is insane, right? A little but very effective tweets from Elon Musk is influencing crypto market a lot. This is because, I think, Elon Musk has more than 52M followers on twitter who respect and listen to the Elon Musk.

Is Dogecoin /DOGE a good investment?

Absolutely, yes. Dogecoin, as Elon Musk says, is the people's crypto. In my opinion, the price of DOGE is not even $1USD and everyone can afford it. Think, what would happen if you had bought $100USD DOGE and after 5 years the price of DOGE hit the mark of $500. Yes, it's possible. You can check the bitcoin's growth from 2010 to 2015. If you want to get rich and save something further for your kids, then you should definitely buy some Dogecoins. Not just buying, everyone should hold your Dogecoins for a long time and you'll definitely see the great results. Maybe you'll be the first millionaire or billionaire of your family. Think and invest for a beautiful future.

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