So we all remember the time when dogecoin first came out, it was such a hyped-up altcoin, and everybody was excited about it. People start investing into the coin, and then it ends up sky rocketing! Who here was one of the people who invested into dogecoin while it was around the 60 cent mark, and wanted it to go up even higher, but then ended up losing a ton of money? Well I’m one of those people, and currently, dogecoin seems to be doomed, and I haven’t seen it get past the 10 cent mark in so long, and doubt that it will anytime soon. Coin doesn’t seem to be going anywhere, so for that could we get an RIP dogecoin in the chat? 😢🙏
I prefer to invest in coins that have real value and long-term growth potential rather than fall into the meme coin scam. It is true that the popularity of this coin was influenced by celebrities like Elon Musk. Coins that have a strong community behind them are always looking to create hype on such coins and will continue to do so in the future. I think instead of just relying on hype or community support you should consider coins like bitcoin, ethereum as a long term investment. If you get greedy and invest in doge coin a second time, you must be prepared to lose it.