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Review on Dogecoin by Johl's Coventry
DogeCoin the SNL meme experience
As a learning experience I bought about 10$ worth of dogecoin to feel the waters of crypto. I purchased them when they were about 50 cents shortly before they rose to the price of 70 cents each. I felt a little nervous about the coming SNL show with Elon so I exchanged them for a usd backed crypto incase things went sour. As I woke up on sunday morning Dogecoin kept going down and down and should I have kept that I would have lost about 10 cents on the dollar so It's not incredibly bad but do keep in mind it's got some steep rises and equally steep falls. In my opinion it's real good for short term gains since it's a little inconsistent with it's gains but who knows perhaps it may start gaining value in the double digits of dollars sometime this year and even maybe then purchasing at the price of about 50-70 cents now could pay off if you buy enough
Pros
- I believe dogecoin is a fun lighthearted cryptocurrency
- it's fairly cheap to purchase
Cons
- When the price rises to above 50 cents the dips can be especially costly
