RotsenAFM

· 15 Jun 2021

Follow Following

Investing in Dogecoin's, is it safe?

#investing

One word, “doge”. This is how controversial businessman Elon Musk awoke almost two months ago the hunger of small investors for a dog-faced cryptocurrency that was born as a joke and now Reddit and social networks are trying to propel “the moon” in the face of analysts' skeptical gaze.

Dogecoin, popularly known as doge, is a cryptocurrency that takes its name from the image of a dog of the Japanese breed Shiba Inu, or rather from a meme of this dog that became popular years ago in the “foreras” bowels of the internet to the point of generating its own dog jargon, which has become fashionable again.

Is Dogecoin's evolution truly solvent with respect to cryptocurrencies of more entity such as bitcoin, Ethereum, Litecoin or Ripple?

The reality is that in the short term experts consider that this movement that has been born as mere speculation and as a popular bet may have even more upward, although in the short term.

“Musk's reflections on cryptocurrencies such as dogecoin are interesting and can be controversial; however, it is people's individual interpretations and strategies that are at fault for this uncontrolled movement,” says Hayter.