Should I Put Money Into Dogecoin? The Prediction for 2022

You might be asking yourself: Should I invest in Dogecoin, or have I already missed the boat?

What Is Dogecoin?

DOGE dates back to 2014, making it even older than Ethereum, which launched in 2015.

But unlike most cryptocurrencies, its team never had high hopes of it becoming the next big currency or changing the world.

How Is Dogecoin Used?

DOGE would be classed as an alternative currency. Plus, Elon Musk recently started accepting Dogecoin as a payment method for Tesla merch.

Dogecoin Price History

Its price was $0.0002, which didn’t change significantly until 2021. In February 2021, the coin enjoyed what at the time seemed like a big jump up to $0.079.

Should I Invest in Dogecoin?

If you’re committed to this high-risk but admittedly irresistible coin, here are a few aspects to take into consideration.

Elon Musk Backing

The love affair between Dogecoin and Elon Musk isn’t over quite yet. On January 14, the entrepreneur’s company Tesla started accepting Dogecoin as a payment method to buy its merchandise.

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