![]() ![]() If we use technical analysis to predict DOGE’s performance for the beginning of this year, the general outlook is completely uncertain. But that’s not exactly what anyone would call a sound investment strategy. If investors are willing to gamble on the chance that Elon will post another photo of his puppy, or that a positive rumour about DOGE goes viral, then there may well be some ROI in it for them. It is so important to remember that while some lucky investors have achieved genuinely legendary returns from DOGE and other meme coins, the chances of making any serious gains on Dogecoin moving forward are extremely low. This real-world use case does set it apart ever so slightly from other memecoins like SHIB and FLOKI which only grow in value because of wild speculation, hype, FOMO and the erratic tweets of Musk. Ultimately DOGE has very little underlying value, but it is worth noting that Tesla now accepts it as a form of payment for merchandise on its website. ![]() Does Dogecoin (DOGE) Have Any Real Value? ![]() That was up until Tesla CEO Elon Musk posted several tweets across Twitter, proclaiming Dogecoin as his favourite coin, sending the price skyrocketing. The creators initially created it as a joke that would simultaneously sharpen up their coding skills and never imagined that it would be anything more than a light-hearted crypto gag. The digital currency was originally co-created by Billy Markus and Jackson Palmer back in 2013. The coin features a Shibu Inu from a well-known meme-template on its logo. ![]()
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