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Is buying Dogecoin worth it?

Unlike GameStop, there’s no company to invest in, and there are no short sellers to be exploited. In fact, there’s no particular reason why Dogecoin would be worth buying, aside from the fact that it’s basically Bitcoin named after a meme.

Why are people buying Dogecoin?

“The reason people like investing in cryptocurrencies like Dogecoin is because they feel they can turn their investment into a much larger amount in a short period of time,” Morris said in an...

Is Dogecoin a good investment?

Some believe that using cryptocurrency is perhaps collateral to control spamming on a currently free platform. Dogecoin has become popular among crypto-traders as a meme token. Its price has been incredibly volatile and has aligned with some of the most illogical drivers. However, in the past year, we have seen an increase in its use-cases.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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