Doge vs. Dog -- Which One Is Worth Buying?
After what seems to be like a pump-and-dump scheme, the cryptocurrency Dogecoin (CRYPTO: DOGE) has been bid up almost 4,000% since the start of 2021 by meme-stock traders. This cryptocurrency, unlike other cryptos like Ethereum, has almost no real-world use, so Doge's price jump has been largely unreasonable.
What has also been quite irrational is the volatility of the Dogecoin stock price. Even though it is up nearly 4,000% today, it was up 12,000% in May. The likely culprit of its fall has been that the hype around Doge has fallen since its May peak. It is safe to say that the rises and falls of Doge's price are largely due to hype and trader sentiment, rather than fundamentals.
Observability platform Datadog (NASDAQ: DDOG), on the other hand, is a company that has plenty of real-world use cases. Its tools to help IT teams have proved to be extremely valuable, which is why investors should be dumping Doge in favor of Datadog.
Source Fool.com
