Where Will Dogecoin Be in 5 Years?
Dogecoin (CRYPTO: DOGE) is a perfect example of how financial markets can evolve to introduce unique and esoteric asset classes to the masses. A decade ago, very few people were thinking about cryptocurrencies. Today, this industry has a market cap of $3.2 trillion. And it has spawned popular meme tokens like Dogecoin.
Lucky investors have certainly generated vast wealth betting on this dog-themed crypto. Its price is up an astonishing 1,350% just in the past five years (as of Jan. 13), although volatility has been stomach-churning. That gain was achieved even though Dogecoin currently trades 81% below its peak.
Is this a buy-the-dip opportunity that could work out well for investors over the next five years? Or is Dogecoin better left out of your portfolio?
Source Fool.com
