In this video we take another look at Dogecoin, which is a popular cryptocurrency that has been hyped up by Elon Musk. In the past couple of weeks, we have seen a pretty insane return on Dogecoin, up over 170%! However, we did see a dip in price last night. Is it time to panic? Should you hold on to your Dogecoin? Or should you buy more of it? We look at what returns you can realistically look to get with DOGE, and it’s outlook moving forward. While this isn’t something that is going to shoot to $5, or even $1 by the end of the year, it is possible that we see a couple cents gain here, which might not sound like a lot, but in terms of percentage gain, it’s actually pretty massive. For example, turning 1 cent into 4 cents is a 300% ROI, which is the same as turning $5 into $20, $50 into $200, etc. What factors might influence the Dogecoin price, and push it higher? There are many, but in this video we talk about 3 main ways: awareness/hype from prominent figures like Elon Musk, the overall rise in cryptocurrencies led by Bitcoin, and the effect that stimulus checks will have on not only cryptocurrency, but equities in general.
LET ME KNOW: Are you guys invested in Dogecoin? What price point did you get in at? Are you looking to buy more, hold on to what you’ve got, or sell??
LINK TO LAST VIDEO: (Is Dogecoin a Good Investment? l Why I’m Buying Dogecoin?) https://www.youtube.com/watch?v=LK361a9bR40
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