
Should you invest in dogecoin
Dogecoin explained
Dogecoin is also catching up in areas that have benefited its rival Shiba Inu. For example, NFT minting capability has been built into the Dogecoin blockchain, and minting NFTs on Dogecoin's network is much cheaper on Ethereum's. With the NFT market predicted to grow to $80 billion by 2025 from about $25 billion now, Dogecoin's NFT minting could boost its adoption rapidly. Is dogecoin worth investing Again, competition from other meme coins like FLOKI (FLOKI) and Shiba Inu (SHIB) may be affecting the meme coin’s performance. Dogecoin (DOGE) fell by 8.05% within the last seven days. If this bearish trend continues, the meme coin might lose its current 8th position on crypto rankings. It might also affect Dogecoin’s (DOGE) goal to hit $1 by 2023 end.
Should i hold onto dogecoin

Investing in The People’s Coin
The sentiment monitored on the 7-day gauges over at TradingView is predominantly on the bearish side, its summary indicating a ‘sell’ at 13, as oscillators stand in the ‘neutral’ area at 3 and moving averages point to ‘strong sell’ at 12. Is Dogecoin a Good Investment? Here’s What You Need to Know If you bought dogecoin at the beginning of the year you've enjoyed massive gains over the past four months. A $1,000 dogecoin purchase on Jan. 1, 2021 — at a price of less than a cent per coin — would be worth $121,052 at Wednesday's high of 69 cents, a gain of more than 12,000% according to CNBC calculations.