5 Reasons to Avoid Dogecoin Like the Plague
Whether you're a relatively new investor or someone who's been putting their money to work on Wall Street for decades, there's always something new and interesting to see. Last year, it was the unparalleled uncertainty that arose from a once-in-a-century pandemic. In 2021, it's been the rise of the retail investor.
While a lot of retail investors have been focusing on stocks with high levels of short interest -- e.g., GameStop and AMC Entertainment -- we've also witnessed a huge bump in cryptocurrency valuations as a result of young investors putting their money to work. In recent weeks, Bitcoin (CRYPTO: BTC), the world's largest digital currency, nearly hit $65,000, while Ethereum surpassed $2,600.
But it's not Bitcoin or Ethereum that are creating the loudest buzz among crypto enthusiasts at the moment. That title belongs to Dogecoin (CRYPTO: DOGE).
Source Fool.com
