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Dogecoin is blowing up. Invest with caution

From cnbc.com

The latest cryptocurrency star is a coin named after a meme of a Shiba Inu that was started as a joke. Dogecoin’s price surged roughly 40% Tuesday, according to data from Coin Metrics. The coin also reached a market cap of $69 billion, making it the fourth-largest cryptocurrency behind Bitcoin, Ethereum and Binance coin. The run is the latest leg of an epic tear that’s sent the value of the cryptocurrency up more than 600% in just a few weeks and more than 11,000% since the beginning of the year. The coin is currently worth about 55 cents, a record high. A few things have factored into the price action, including ... (full story)

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  • Category: Fundamental Analysis