3 Crypto Dogs To Avoid and What To Buy Instead
When a Japanese kindergarten teacher posted photos of her Shiba Inu dog, Kabosu, in 2010, no one knew this dog -- or "doge," as one fateful internet user called her -- would spawn billions of dollars in meme-inspired cryptocurrency. Eleven years later, Shiba-Inu inspired crypto coins are running wild. Investors buying meme-based coins are probably imagining becoming overnight crypto millionaires. Unfortunately, just because early Dogecoin buyers may have done well doesn't mean every joke coin will be a winner. There is a much more stable and potentially lucrative way to profit from cryptocurrency that's far less likely to leave investors chasing their tails.
The Doge meme spawned Dogecoin (CRYPTO: DOGE) in 2013. The Dogecoin website describes the crypto as a "fun and friendly Internet currency."
Image source: Getty Images.
Source Fool.com