It is good for day trading, not an investment in 2021. over the last few hours, the price has dropped by 100%. This is extremely spectacular and profitable.
Dogecoin is a bubble. I think one needs to be very careful when investing in bubbles in the long-term.
Dogecoin gained another 5% in less than 24 hours after CoinFlip - the largest network of Bitcoin ATMs in the US - announced that Dogecoin (DOGE) is now listed on some 1800 terminals across 45 states and can be purchased with cash across the network. Riding the wave that saw major crypto currencies like Bitcoin and Ethereum raise to record highs, Dogecoin, which recently got heavily promoted by Tesla Inc. CEO Elon Musk as well as a whole pleiades of major and minor stars from Snoop Dogg and Gene Simmons from KISS to the ex- porn actress Mia Khalifa, gained as much as 850% percent since January 1st, compared to the relatively “modest” raise of Bitcoin with a mare 69% and 3% for Dow Jones Industrial Average. Who would have thought that Dogecoin would boom like that in 2021... I never took it as more than a joke.