Dogecoin can still be a good investment?
**THIS IS NOT FINANCIAL ADVICE!!!!!!!! **
Meme coins market is something that nobody thought would be a thing.. but in crypto markets, you never know what is going to happen. These kinda coins are a risky investment because they have big whales that could dump the market and take all the hope that people have in that coins, but with all risky investment comes, if you have lucky, a high reward.
BUT IF I TOLD YOU THAT YOU DIDN'T MISS OUT ON ANY MEME COIN!
Yeah, that's hard to believe, but the thing on meme coins is when they have a low market cap you don't know if they are going to do something as dogecoin did, BUT when they have market caps like Dogecoin or Shiba Inu have its, in my opinion, an opportunity to short these coins when the bear market starts. So in a way, you have almost the same opportunities that a person who bought these coins on the bottom but of course you have to do it carefully because if you short these coins in a bull market, you could be liquidated and that is the worst, so the first study these cryptos and the whole market to make better the decision of short.
When BTC begins its bear market, Altcoins suffer way more than him and that is a golden opportunity and of course, the best coins to short at that time are meme coins like doge or Shiba that have a high market cap and cause of that a BIG drop could happen.
These investments have risks too, because of that if you do this:
don't put all your money at risk, just try this with a few bucks and if you lose you lose a little.
don't put your liquidation price below the all-time high
in a bear market you could make better investments than this, so I recommend you to study better investments too and then choose what investment do you want.
That's all, thank you for reading this article I hope you like it as much I enjoy doing it :)