Why do people invest into dogecoin? I have been asked that question many time, I believe that it is worth a thread. Let's get right into it right now.
First, it is ranked in the top 15 cryptocurrency. Secondly, it is so cheap that if it has a slight growth, you will make A LOT. Basically, right now it is not even worth $0.01. The potential in this coin is so huge.
Dogecoin has various use, but I wont list it.
This is my reasoning behind it anyway.
As always, invest at your OWN risk.
I am pretty sure that the reason why people invest in Dogecoin is because they want to get in on the hype and since there is a bunch of Doge available on exchanges they feel that they would make a bunch of money with all the coins that they have. Dogecoin is pretty tough to pump so I wouldnt want to invest in it unless I had to send money to someone who has a Dogecoin wallet within few days ahead.