Forget Dogecoin -- This Stock Is a Better Buy

It's probably a safe bet to say that many of the buyers of Dogecoin (CRYPTO: DOGE) did so because they are hoping the meme cryptocurrency will go "to the moon." But it's hard to make a real investment case for something that jumps -- or drops -- 26% in value in the course of a day's trading just because Elon Musk or Mark Cuban mentions it in a tweet.

Investors looking for a moonshot investment would be better served to take a flier on a company in a sector that promises to create a fundamental shift in an existing industry. Electric vehicle (EV) sales are expected to jump from 1.7 million in 2020 to 8.5 million just by 2025, and to 26 million 10 years from now, according to industry research provider BloombergNEF. And the firm expects EV sales to more than double again in the following 10 years.

Charging station network leader ChargePoint Holdings (NYSE: CHPT) is established in the business, and investors in this company could ride the explosive EV growth trend.

Source Fool.com