WHY SHOULD YOU INVEST IN DOGECOIN IN 2023?

1. Over the previous several years, Dogecoin’s price has seen a major correction. Recent upward price movement for Dogecoin indicates that it has the potential to be a great long-term investment.

2. As was already established, Musk has been one of the Dogecoin community’s most outspoken members. He frequently tweets about DOGE, which has boosted the value of the cryptocurrency. A major factor supporting Dogecoin’s long-term viability is Musk’s ongoing backing of the cryptocurrency. Some of Musk’s most recent tweets regarding Dogecoin demonstrate his continued optimism for the future of the cryptocurrency. Even so, he referred to Dogecoin as his “favorite cryptocurrency”.

3. One of Dogecoin’s most important cornerstones ever since it began is its community. Today, the network is made up of millions of people, including well-known figures like Elon Musk and Mark Cuban, the American billionaire and owner of the Dallas Mavericks. Along with being affluent, they also have a sizable social media following. Therefore, anytime they bring up Dogecoin, they draw in additional investors, which might eventually lead to Dogecoin being one of the best-performing cryptocurrencies.

4. As a decentralized cryptocurrency, Dogecoin is not governed by a single entity. The currency is managed by the community and its creators. This provides Dogecoin an edge over other cryptocurrencies. It is less likely, for instance, to be impacted by laws and regulations.

5. Several exchanges, including Binance, Kraken, eToro, and Robinhood, advertise Dogecoin as an available asset. This indicates that purchasing and selling this cryptocurrency won’t be an issue for investors.

6. When compared to other major currencies like Bitcoin and Ethereum, Dogecoin’s buying price is still quite low, and this is something that should not be disregarded. The cost of this coin is now less than $0.1. Due to its lower price than Bitcoin, Dogecoins may be purchased in bulk without having to acquire fractions.