Dogecoin: 3 Questions to Tell Whether It's Time to Invest
Cryptocurrency is the latest phenomenon in the investing world, even with the beating it has taken over the past few weeks. Many cryptocurrencies have seen their prices plummet, and Dogecoin (CRYPTO: DOGE) is no exception.
The price of Dogecoin is down more than 40% since its peak in mid-May. However, it's still up by more than 12,600% over the past 12 months, making it one of the fastest-growing cryptocurrencies. By comparison, Bitcoin (CRYPTO: BTC) is up around 250% over the past year, and Ether (CRYPTO: ETH) has increased by close to 1,000% in the same time frame.
Because Dogecoin has experienced such explosive growth, it might seem like a smart investment. If the cryptocurrency continues surging at this rate, you could stand to make a lot of money by investing now.
Source Fool.com
