Investing in dogecoin has high risk due to price fluctuations and high risk. Compared to other cryptocurrencies, Dogecoin has limited use cases, unknown futures, and rapidly fluctuating volatile values. It is important to weigh the profits and risks of investing in Dogecoin before making a purchase. Dogecoin is another alternative if you can take a high risk, earn a huge short-term reward, and buy during the market decline as we are currently experiencing. However, investing in other cryptocurrencies like Bitcoin or Ethereum can be a better choice if you are looking for low risk and long-term stability.