If you’ve been on social media at all in the past 24 hours, you’ve likely seen at least one of your friends talk about the rise of Dogecoin. You don’t lie. It grew up in a short time. Does it make your friends millionaires? It depends on how much you’ve invested. And Dogecoin spiking can mean something different depending on where you get your messages.
Just a year ago, Dogecoin was less than a cent. It was around $ 0.0019. In February there was a slight increase to $ 0.07. In the past 24 hours it has risen to $ 0.31. That is a 163-fold increase over last year. If you bought $ 100 in Dogecoin a year ago, it would be worth $ 16,300 now.
Is that sustainable? Who knows. Again, it all depends on what you read and who you trust. There are some people who say this is a tip that will come down again at some point. But there are others who say this is a trend that will continue. CLICK HERE for more information on what exactly is going on with Dogecoin.
One of the main reasons behind the surge in Dogecoin is Elon Musk. He recently started sending out pretty cryptic tweets about the cryptocurrency. He called Dogecoin his “favorite” and that it is the “folk crypto”. So what should you do when you have Dogecoin? Again, it all depends on how much you’ve invested. If you’re reading this, you are probably reading the Dogecoin stories a few months ago and putting $ 100 to $ 200 into the cryptocurrency. I just say it.
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