Is Dogecoin a Good Investment?

Krutika Adani

Dogecoin is a very popular memecoin and is the 8th largest crypto.

It had a fantastic rally in 2024, as its price leapt from $0.078 to $0.226.

DOGE has been a favorite of whales and industrialists like Elon Musk.

Investment in Dogecoin depends on whether the investor is banking on internal or external factors.

Internally, it has very little utility beyond money transfer.

However, externally, Dogecoin has the strongest community support.