Thinking About Buying Dogecoin? Buy Bitcoin Instead
After cratering in 2022 as a result of rapidly rising interest rates and a risk-off sentiment from investors, the cryptocurrency market has bounced back this year. And this might draw renewed interest in the space.
Dogecoin, the eighth-most-valuable digital asset, surprisingly hasn't benefited from the broader market's rally. Its price is down 7% in 2023 (as of June 22). A reversal of this downtrend may be in the cards.
But if you're looking at buying Dogecoin for your portfolio in hopes of capturing huge gains, think again. I believe it's a much better idea to use that money to buy Bitcoin instead. Here's why this is a no-brainer decision.
Source Fool.com
