hi friends now the current price of doge coin is very low and i want to invest in doge coin. So please i need your suggestion that i need to invest my money in this coin or not? And now the price of 1 doge is 31 sat please give me suggestion.
if you drop your money in dogecoin when you created this thread, i think few days ago you already got a huge profit my friend
by the way, in my opinion this dogecoin was an old coin with huge support from their believer also this coin already proof it, if doge was a solid coin, because doge can survive in all market conditions
thats why i think this coin is good enough for investment,,
but remember, do not drop all your money in doge
Thing is, if the OP is interested in an 'investment', then BTC or maybe ETH would be the better option for a long-term hold. Buy it and forget about it (at least for several months, which in crypto terms is like ages).
If for trading, Doge is fine though -- which means sell on the highs, buy back on the lows. If he bought it when he started the thread and held until now, I think the value of his coins would be basically exactly the same as when he bought them. Doge is profitable when folks keep an eye on it and sell/buy when it does its quick price jump thing.
But the problem now, besides the overall alt environment which isn't so great, is that Doge holders are very aware of how to the coin may jump up 1-2 times a year, but also falls back. I'm sure you have noticed that the ranges have gotten smaller ... instead of giant gains, they are more modest. Still potentially profitable, but not something to expect to get rich with.