Imran Noori
Verified member
Dogecoin is one of the cryptocurrencies which was created as a joke but now it is supported by Elon Musk (The owner of Tesla, SpaceX and Twitter), he pumped Dogecoin's price several times just with a tweet.
Dogecoin is one of the cryptocurrencies which doesn't have any specific real world usage and this simply means that it doesn't worth to be a long term investment, I don't know the reason that why Elon Musk keeps supporting it.
If you want to invest in cryptocurrency then try to do your own researches before investing in a coin, always search for cryptocurrencies which are solving a real world problem and there are big projects behind it, in this way you can generate big profits.
(This is not a financial advice, do your own researches before investing)
Influencers should do the same, they should find big projects and cryptocurrencies with real world usages and give complete information about them to their audience that why are they supporting these cryptocurrencies.
What do you think? Does Dogecoin worth investment just because Elon Musk is supporting it?
Dogecoin is one of the cryptocurrencies which doesn't have any specific real world usage and this simply means that it doesn't worth to be a long term investment, I don't know the reason that why Elon Musk keeps supporting it.
If you want to invest in cryptocurrency then try to do your own researches before investing in a coin, always search for cryptocurrencies which are solving a real world problem and there are big projects behind it, in this way you can generate big profits.
(This is not a financial advice, do your own researches before investing)
Influencers should do the same, they should find big projects and cryptocurrencies with real world usages and give complete information about them to their audience that why are they supporting these cryptocurrencies.
What do you think? Does Dogecoin worth investment just because Elon Musk is supporting it?