Beyond Dogecoin and Shiba Inu: Buy This Unstoppable Growth Stock in 2023 Instead
The meme-stock craze that took over markets in the spring of 2021 boosted the prices of dog-inspired tokens like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) to new heights. But as their popularity dwindled, they came crashing back down. With rising interest rates and inflation driving investors to less speculative assets, neither may reach their previous highs again.
Investors looking for serious gains are better off putting their hard-earned savings into high-quality companies that have the potential to grow substantially in the years ahead. Here's why Block (NYSE: SQ), the fintech business formerly known as Square, is a top candidate for your portfolio in 2023.
It might be very tempting to buy Dogecoin and Shiba Inu, which are both down roughly 90% (as of this writing) from their all-time highs, in the hopes that the entire cryptocurrency market will bounce back and their prices will recover in 2023. But this would be akin to gambling, as opposed to real investing, and it's a surefire way to lose your money.
Source Fool.com
