Dogecoin vs. the S&P 500: Which Is More Likely to Make You Rich?

Cryptocurrencies may be taking a hit, but Dogecoin (CRYPTO: DOGE) has been an unstoppable force in the crypto world lately. Despite its most recent downturn, its price is still up by more than 12,000% since this time last year.

It's easy to look at numbers like this and imagine how much money you could make. After all, if you'd invested just $1,000 in Dogecoin one year ago, you'd have more than $120,000 today.

However, Dogecoin carries a lot of risk, and it can be a dangerous investment. The S&P 500, on the other hand, is a much safer alternative -- though its returns come nowhere near what Dogecoin has earned over the past few months.

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Source Fool.com