Although volatility has always been elevated, this digital asset has soared in the past.
Over the past five years, Dogecoin‘s (DOGE 2.35%) price is up a jaw-dropping 3,380% (as of Dec. 22). If you’d invested $29,000 in this digital asset at the end of December 2020, you’d have $1 million now. That wonderful outcome has happened in the face of extreme volatility. The most bullish investors are hoping for a hot streak over the next year.
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Despite Dogecoin’s price skyrocketing in the past, it has been far from a smooth ride for investors. The crypto currently sits 82% below its peak. And it has tanked 58% this year. That doesn’t provide much of a…
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