Re: Is Doge Coins still a good investment option?

Quote from: TastyChillySauce00 on Today at 01:27:15 AM

Quote from: steve5946 on August 09, 2024, 07:26:04 AM

So, I'm thinking of buying Doge coins again. The last I invested on Doge, I got good returns in 2021 when I sold everything.

I know this is mostly a gamble but nevertheless.

Do anyone feel the same way about Doge coins being a good investment option?

It's good investment when the market is having significant dump, honestly doge coin after reaching 10 billion ++ market cap doge's price action heavily resembles bitcoin and right now just follow bitcoin trend, it's unlike newer meme coin with lower market cap where the hype still heavily influence the price action of the coin and dictate whether it's gonna be bullish or bearish.

dogecoin is just another high market cap investment much like BNB, SOL, or ETH. the risk of delisting is close to zero, the market is already stable enough and you're more likely not gonna get that big of a profit unless BTC is having big rally.

You're right, I can't compare Doge to other newly launched meme coins, it's market cap is outstanding making it one of the best for investment when it comes to investing on meme coins though there are other good meme coins too but I'll love to invest on the most outstanding that's shown good potential therefore investing on a meme like Doge over others is not a bad idea at the moment. If the OP had invested days ago when the market in general experienced a massive dip, he would've made good returns currently depending on his investing power as there was an upsurge in the price of coins that follows Bitcoin trend, well incase he missed out, he could wait for another buying opportunity and take advantage of it. But i'll pick BNB, SOL, ETH over Doge irrespective of Doge's market cap and only invest if I've got spare cash after accumulating those other Alts on my portfolio cause they show better potential than Doge which is a meme coin.