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?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool