Find out if it's actually a good buy. 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. Jackson Palmer, product manager with Adobe Inc. (NASDAQ: ADBE) and Billy Markus, a software developer at International Business Machines Corp. (NYSE: IBM) created Dogecoin in 2013 to satirize the early hype around cryptocurrencies. However, there are several things you need to know. 20X Bigger Than Bitcoin: For every $1,000 you could make with Bitcoin, this special trade could make you as much as $24,040 instead. Dogecoin's price surged more than 20 percent after Musk mentioned it in a weekend tweet. He told Decrypt that it was a post on r/wallstreetbets, about a billboard promoting GameStop stock, that inspired him to buy his own. Other famous people including Snoop Dogg and investor Mark Cuban; have also tweeted their support of Dogecoin. Stock Advisor launched in February of 2002. Last July Dogecoin burst into the news again. Click here to jump to comments…. Dogecoin Price History: Looking Back At 2018, 2019, 2020 And Beyond. Even before Elon Musk began his fascination with Dogecoin, the coin was continuing to grow, and in some cases to get legitimate recognition. Now, the short answer to the question "should I buy Dogecoin?" 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. Investing in Dogecoin is easy; anyone with some spare change and a Robinhood account can participate in the phenomenon. var ados = ados || {}; The problem they're having, of course, is that no one is shorting Doge. The second is the … By Relaxnews February 05, 2021. Shortly afterward Dogecoin price fell back about 46%, but trading remained extremely volatile. Protected by copyright of the United States and international treaties. Since arriving at Money Morning in 2011, he has focused primarily on technology. He has worked as a writer, editor, and page designer at different times in his career. Special Report: 5 Stocks Primed for Triple-Digit Gains. Returns as of 04/17/2021. There are two factors that can affect the rise of DOGEcoin price. 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. And just about any cryptocurrency is capable of that. Newbie. ados_add_placement(9794, 307044, "azk740606", 2629) The first one is the influx of new investors, who, when looking for promising coins, on anyone, stumbling upon articles about the DOGE price prediction. Only time will tell when the next Dogecoin breakout will occur, but if it’s anything like the last few, it will be a major event. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Its logo is a dog, that’s their friendly mascot which also makes them so much more likable among the social media crowd. But trust me, you don't want to buy Dogecoin right now. Dave has a BA in English and Mass Communications from Loyola University Maryland. Any investor with even a passing interest in cryptocurrency is probably wondering if they should buy Dogecoin now. A record number of initial public offerings and special purpose acquisition companies (SPACs) came to market. On April 1 the current developers ran a poll asking Doge fans who they would like to see as the new Doge CEO. This being 2021, of course, Dogecoin soared over 10 times at one point, after Tesla CEO Elon Musk jokingly pushed Dogecoin on Twitter. Dogecoin is a good investment, but you won't get a pretty high ROI. Dave's been writing about Bitcoin since 2011 - long before most people had even heard of it. Cryptos with a project aims to a higher selling value due to the progression of their project. 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. It was all a joke; Doge, like Bitcoin, is a decentralized cryptocurrency. “Many people wanted me to do it and said I should do it for the Doge community, so I did,” he said. Dogecoin gained 50 per cent in the space of a few hours on February 4 to reach a price of $0.05. It was the billions of dollars of short interest that forced the price of GameStop to soar. Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info. It appears Ecellix has made a technological leap, and the partnership could lead to exciting breakthroughs and quicker electrification of the global trucking fleet. Robinhood will not give you access to your Dogecoin wallet. Dogecoin has seen an incredible journey from starting out as a fun concept to donating $100,000 to charities, to becoming an integral player in the WSB Reddit drive. Well, Dogecoin started as a joke. So let’s analyze Dogecoin’s BitcoinTalk, Reddit, GitHub, and Twitter communities to get a grasp on how much is left in this project. You can unsubscribe at any time and we encourage you to read more about our. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. More. 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. The video was a classic pump and dump. This asset was introduced in 2013 and was created out of a meme theme. Should I buy dogecoin? Because... why not? Dogecoin has been around for a while now and is still making quite a good return on investment for most of the early adopters who were still able to hold their stash. It’s super absurd. Unless you lost your Internet connection this week, you know what happened to GameStop stock. ados.run.push(function() { The long answer involves digging into the background of this whimsical but mostly frivolous cryptocurrency – and why it suddenly is back in the limelight. Dogecoin was initiated as a joke, but who knew it would become so significant in the crypto world. No one "runs" it. It's an understandable question given that DOGE skyrocketed more than 900% in a little more than 24 hours Thursday and at its peak was up more than 1,400% since Jan. 1. Join the conversation. © 2021 Money Morning All Rights Reserved. Learn how to grow your money faster in our new report. Eventually the music will stop and many people will lose a lot of money. However, there are several ways in which Romeo could experience significant upside in the years ahead. He started writing about Apple for The Sun in the mid-1990s, and had an Apple blog on The Sun's web site from 2007-2009. Over the next few days it started climbing back up again. Or to contact Money Morning Customer Service, click here. They started a thread called "Dogecoin is the next GME/Bitcoin" and the game was afoot. Profits were welcome but secondary to … 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. Meanwhile, not only should Heritage help develop processes for recycling and reusing Romeo battery packs for things like electric-storage applications, but Heritage also has a fleet of 500 diesel trucks that Romeo will convert to battery-electric power in a contract worth about $54 million in revenue. 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. Then, in 2019, Dogecoin at long last started to draw attention. Dogecoin is a peer to peer, decentralized and digital currency that allows you to send money online easily. 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 issue with Dogecoin is that it was designed with no cap on the supply. The Doge cryptocurrency is even used by retailers to accept payments. Dogecoin hasn't gotten anywhere near $1. Dogecoin has dipped 20% since its Feb. 7 high of 0.087159. But trust me, you don't want to buy Dogecoin right now. In a once-in-a-century global pandemic, markets had their fastest-ever 30% decline, then absolutely skyrocketed throughout the rest of the year. 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. ados.run = ados.run || []; Dogecoin’s Community. Follow me on Twitter @DavidGZeiler and Money Morning on Twitter @moneymorning, Facebook, or LinkedIn. Essentially, Dogecoin is perfect fodder for the ongoing Reddit stocks rally. Some analysts believe that Dogecoin is on a bull run and could hit $1 by the end of 2021. Dogecoin got a lot of points for a generous, friendly community. From recent history this appears it could be triggered by a single Elon Musk tweet. Eventually the music will stop and many people will lose a lot of money. Investment Tips: Why You Should Invest In Dogecoin. 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. Dogecoin is one of bitcoin’s rival cryptocurrencies and Tesla CEO Elon Musk is a big fan. Dogecoin has been around since 2013 and has a pretty well-developed community. If you're going to invest in cryptocurrencies, you're much better of sticking with Bitcoin, Ethereum and a handful of other top contenders with strong prospects. Invest in this cryptocurrency only if you have a high tolerance for risk. [ Dogecoin is actually one of the oldest cryptocurrencies. site: MoneyMorning.com, Romeo Power (NYSE:RMO) is an EV-related start-up that went public via a merger with RMG Acquisition Corp. back in December. And Romeo isn't stopping there. “The idea of Dogecoin being worth 8 cents is the same as GameStop being worth $325,” Markus told The Wall Street Journal. That could lead to many more miles on a single charge for heavy-duty trucks. You also can day trade or swing trade cryptocurrency on your Robinhood account. The video author said if everyone deposited $25, Dogecoin would reach $1, making each $25 investment worth $10,000. 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. 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. Other Reddit investors in several crypto-oriented forums (known as subreddits), mainly r/CryptoCurrency and r/SatoshiStreetBets, were inspired by what they saw. Save my name, email, and website in this browser for the next time I comment. The Best Cryptocurrencies to Watch in 2021, Just In: The 7 Best Stocks You've Never Heard Of. Dogecoin surged when Elon Musk and Reddit started talking it up and buyers overwhelmed the free-floating supply. Romeo has chosen to be cell-agnostic and instead focus purely on modular battery-pack technology, battery monitoring, and recycling, which allows the company to use the very best battery cells available. So there's a strange social movement to buy dogecoin, but I don't think everyone understands what their buying. By submitting your email address you will receive a free subscription to, Why You Absolutely Should Not Buy Dogecoin Right Now. It is a … Will DOGE Price ever reach $1? Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. By replacing graphite components with micro-porous silicon, Ecellix battery cells have the potential to add 50% more energy to today's lithium-ion batteries and reduce the weight of a one MWh battery pack by up to 9,900 pounds. But Dogecoin never died. 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. Despite these features, charts show that not many investors believe that Dogecoin is a good investment. 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. So Should You Invest? Dogecoin is a risky investment that's subject to volatility, and it's not for everyone. Some stores accept DOGE coins nowadays. Should I Buy Dogecoin On Robinhood? Comment on This Story Click here to cancel reply. We’re motley! New developers volunteered to maintain the code. /* load placement for account: Money Map Press, For many early Dogecoin investors, investing has always been more about having fun. Bitcoin Talk Forum – Dogecoin started off with an announcement on the BitcoinTalk forum. The campaign managed a 96% pop in the DOGE price before petering out. Founded in 2016 by ex-Tesla and ex-SpaceX engineers, Romeo focuses on proprietary lithium-ion battery packs that go into commercial vehicles. You could be earning up to 9% in interest on crypto deposits! ET It’s free! Dogecoin is a cryptocurrency that has humble beginnings as an online meme of sorts. You can only buy or sell Dogecoin. peterparker. Wealth Investment Tips: Why You Should Invest In Dogecoin. The next day he changed his bio to "retired CEO of Dogecoin.". Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. is absolutely not. Dogecoin is having a moment — and now the question becomes whether or not you should invest.. What is Dogecoin? 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. }); Choose from the topics below to receive our money-making recommendations in real time. They borrowed a popular meme of the time of a Japanese Shibu Inu dog as the official Doge logo – another choice that reflected the casual nature of the project. Yes, Dogecoin might definitely be a good investment, if you are looking to invest for a long-term. Mark Cuban: I'd buy dogecoin over a lottery ticket – 'lottery tickets are worse than any investment' Published Fri, Feb 5 2021 10:54 AM EST Updated Fri, Feb 5 … 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. .setZone(136136); Created in December 2013 by Billy … 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. Are These “Toxic” Stocks Lurking in Your Portfolio? Imagine if every single investment firm on the planet began to diversify to include Bitcoin and other digital assets. A campaign by a group of Redditor crypto investors is what drove the sudden price move. It first saw a surge on January 29, … The acknowledgement from one of tech's top CEOs pushed the Dogecoin price up 94% in five days. But should you buy Dogecoin? Institutional money has been a primary force in driving the stock market to new highs. Another is something Dogecoin has in common with the GameStop madness: Nothing about the project makes it worth what people are paying for it. That makes it somewhat risky, especially as the company already has a market capitalization around $1.5 billion. Sure, Dogecoin a fun crypto and a great meme. He even mined it for a short time. size: 550x425 - 550 x 425 */ The highest price ever paid for Dogecoin was … Dogecoin is the name of a cryptocurrency inspired by the internet's famous Doge meme. That's a $225 billion market in North America and Europe and a $665 billion market worldwide, counting all Class 1 (passenger-like truck) through Class 8 (heavy-duty truck) vehicles.
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