The next day he changed his bio to "retired CEO of Dogecoin.". Returns as of 04/17/2021. Essentially, Dogecoin is perfect fodder for the ongoing Reddit stocks rally. It’s super absurd. The video was a classic pump and dump. Why prices of the cryptocurrency are surging — but risky Why prices of the cryptocurrency are surging — but risky Published: Feb. 8, 2021 at 1:03 p.m. Or to contact Money Morning Customer Service, click here. Dogecoin is a good investment, but you won't get a pretty high ROI. They decided to create a cryptocurrency based on the "Doge" internet meme, which often shows a Shiba Inu dog accompanied by text revealing the dog's innermost thoughts. With GameStop (NYSE: GME ) nearing $500 in pre-market trading, many are … Dogecoin is a peer to peer, decentralized and digital currency that allows you to send money online easily. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. In addition to great technology, Romeo also has some big-league partners in the form of BorgWarner (NYSE:BWA), a $12 billion Tier 1 global auto supplier, as well as Heritage Environmental Services, a global leader in battery and materials recycling. Eventually the music will stop and many people will lose a lot of money. Wealth Investment Tips: Why You Should Invest In Dogecoin. RE: Investing in Dogecoin. I love looking at the "story" behind investments from an interdisciplinary point of view, with an equal appetite for high-growth disruptors and beaten-down value names. Last week, its value rose sharply thanks to the mass effort of stock market dabblers and social media users. }); Choose from the topics below to receive our money-making recommendations in real time. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. In 2019, Elon Musk stated that Dogecoin was his “favorite” cryptocurrency because they have “the best Coin.” @stoolpresidente @DareenGranelli @elonmusk DOGECOIN TO THE MOON!! Investment Tips: Why You Should Invest In Dogecoin. It was the billions of dollars of short interest that forced the price of GameStop to soar. A record number of initial public offerings and special purpose acquisition companies (SPACs) came to market. He even mined it for a short time. While a lot of focus in EVs is on the carmaker brands now serving the consumer market, Romeo is targeting the huge commercial-vehicle market. Yes, Dogecoin might definitely be a good investment, if you are looking to invest for a long-term. Thanks to its global sales force, operations, and status as a trusted partner to automakers worldwide, Borg should help the young Romeo quickly scale into the global commercial-vehicle supply chain. It first saw a surge on January 29, … peterparker. Dogecoin's price surged more than 20 percent after Musk mentioned it in a weekend tweet. The video author said if everyone deposited $25, Dogecoin would reach $1, making each $25 investment worth $10,000. According to third-party consultant Roland Berger, Romeo's battery packs lead the field in terms of volumetric watt hours per kilogram, or units of energy produced for a given weight, exceeding even Tesla batteries on that front. That in turn forced a massive short squeeze on several hedge funds, which made the GME stock price skyrocket. It’s free! Other Reddit investors in several crypto-oriented forums (known as subreddits), mainly r/CryptoCurrency and r/SatoshiStreetBets, were inspired by what they saw. He has worked as a writer, editor, and page designer at different times in his career. People continued trading it on crypto exchanges. So Should You Invest? Then, in 2019, Dogecoin at long last started to draw attention. Save my name, email, and website in this browser for the next time I comment. This being 2021, of course, Dogecoin soared over 10 times at one point, after Tesla CEO Elon Musk jokingly pushed Dogecoin on Twitter. Unless you lost your Internet connection this week, you know what happened to GameStop stock. Is Dogecoin a good investment? The campaign managed a 96% pop in the DOGE price before petering out. Although dogecoin is less popular than bitcoin and ether, many investors see it as a good investment, hence its rising price. You could be earning up to 9% in interest on crypto deposits! You can buy and hold Dogecoin on Robinhood. Stock Advisor launched in February of 2002. From recent history this appears it could be triggered by a single Elon Musk tweet. ados.run = ados.run || []; You should take TRON (TRX) which is at a low cost now and it's project aims to a higher purposes that Dogecoin that is only for investment. Dogecoin has dipped 20% since its Feb. 7 high of 0.087159. More. By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler • January 29, 2021. Any investor with even a passing interest in cryptocurrency is probably wondering if they should buy Dogecoin now. Dogecoin is one of bitcoin’s rival cryptocurrencies and Tesla CEO Elon Musk is a big fan. Check your email to access your free report. By Feb. 8 DOGE was back up to $0.08. Should I Buy Dogecoin On Robinhood? While the electric-battery industry is sure to be a competitive field, according to its merger presentation, Romeo has the leading technology as of today. Unlike many cryptocurrencies, people actually use Dogecoin for sending tips … ados_load(); Since arriving at Money Morning in 2011, he has focused primarily on technology. One reason Bitcoin is soaring is that he supply is capped at 21 million, and of that supply 18.6 bitcoins have already been mined. Dogecoin is actually one of the oldest cryptocurrencies. A year later, Dogecoin’s market cap was approaching $20 million. By submitting your email address you will receive a free subscription to Money Morning and occasional special offers from Money Map Press and our affiliates. Eventually the music will stop and many people will lose a lot of money. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Newbie. Dogecoin got a lot of points for a generous, friendly community. Hope this helps. And now some of that money has started moving into crypto. “The idea of Dogecoin being worth 8 cents is the same as GameStop being worth $325,” Markus told The Wall Street Journal. If they put 2%, 3%, or 5% of their capital into coins… it would do nothing less than trigger the biggest crypto inflow ever, period. Dogecoin is a cryptocurrency that has humble beginnings as an online meme of sorts. Then in 2021, even beaten-down deep value stocks have surged as Reddit message boards coordinated retail investors to bid up heavily shorted stocks. Another is something Dogecoin has in common with the GameStop madness: Nothing about the project makes it worth what people are paying for it. Forget Dogecoin, This Stock Is a Better Buy There's nothing wrong with a little speculation, but even speculators should do it intelligently. Dogecoin investment analysis. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Cryptos with a project aims to a higher selling value due to the progression of their project. Not surprisingly, Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk won the poll. Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info. Quote. The problem they're having, of course, is that no one is shorting Doge. They want to push the Dogecoin price to $1 from a starting point of about three-fourths of one cent. The more the miners create, the less value each DOGE has, and the harder it is to push the price higher. Dogecoin is the latest ‘meme stock’ that will get a short-term boost for the lolz after Musk gave it publicity and Reddit looks for its next target. Perhaps nothing epitomizes the current speculative market frenzy more than Dogecoin (CRYPTO:DOGE). By Relaxnews February 05, 2021. Even Markus, Dogecoin's creator, is alarmed. David Zeiler, Associate Editor for Money Morning at Money Map Press, has been a journalist for more than 35 years, including 18 spent at The Baltimore Sun. You could use Dogecoin as currency on Reddit and Twitter mainly as “tips to reward creativity and sharing of quality content,” according to Kryptomoney.com. You also can day trade or swing trade cryptocurrency on your Robinhood account. A campaign by a group of Redditor crypto investors is what drove the sudden price move. .setZone(136136); There are two factors that can affect the rise of DOGEcoin price. The company just signed a development agreement with Ecellix Inc., a private company with proprietary battery-cell technology that could mark a step-change improvement in efficiency. Join the conversation. As a young, newly public company with little existing revenue, a relatively low-margin hardware business, and a dependence on consistent technological superiority, Romeo is a high risk, high-reward stock. Invest in this cryptocurrency only if you have a high tolerance for risk. So there's a strange social movement to buy dogecoin, but I don't think everyone understands what their buying. Because... why not? Additionally, Romeo's battery-pack technology could also be applicable to adjacent markets such as storage, and management has stated its goal to move into these adjacent markets over time, as well. New developers volunteered to maintain the code. TIKTOK PUSHING … They based it on Litecoin, itself a fork of Bitcoin. ados.run.push(function() { Institutional money has been a primary force in driving the stock market to new highs. Robinhood will not allow you to transfer your Dogecoin to another wallet. Nearly every time Bitcoin goes up, certain members of this small class of little-known cryptos jump even higher; 142% in 12 days… 330% in 82 days… 273% in 14 days. But trust me, you don't want to buy Dogecoin right now. That's one reason why it's very unlikely Dogecoin will ever reach the goal of $1 per coin. The acknowledgement from one of tech's top CEOs pushed the Dogecoin price up 94% in five days. Founded in 2016 by ex-Tesla and ex-SpaceX engineers, Romeo focuses on proprietary lithium-ion battery packs that go into commercial vehicles. The second is the … So let’s analyze Dogecoin’s BitcoinTalk, Reddit, GitHub, and Twitter communities to get a grasp on how much is left in this project. Well, Dogecoin started as a joke. Dogecoin is a risky investment that's subject to volatility, and it's not for everyone. In a once-in-a-century global pandemic, markets had their fastest-ever 30% decline, then absolutely skyrocketed throughout the rest of the year. Follow me on Twitter @DavidGZeiler and Money Morning on Twitter @moneymorning, Facebook, or LinkedIn. On April 1 the current developers ran a poll asking Doge fans who they would like to see as the new Doge CEO. The BorgWarner partnership will be key. Doge's only real use case is for online tipping. “It doesn’t make sense. Invest in this cryptocurrency only if you have a high tolerance for risk.
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