I’m not sure what is going on right now. No one really is. It may have started as a joke but it doesn’t matter anymore. Dogecoin stock (DOGE) is absolutely exploding right now. And you will be kicking yourself if you don’t get in on this. Just throwing in $50 can turn into $100 by the end of the day. Retail investors have officially taken over the stock market. There are no more rules. Just hype.
And what better man to lead the hype than El Presidente himself. A Today’s Five contributer spoke with him this morning and he will be announing his endorsement of “Dogecoin” later today.
Of course, Dogecoin will likely skyrocket after that. Then who knows.
Because Seriously, What Is Dogecoin?
“Dogecoin is a peer-to-peer open source cryptocurrency and falls under the category of altcoins. Launched in December 2013 with a Shibu Inus (Japanese dog) as its logo, Dogecoin looked casual in its approach but is gaining wide acceptance for online transactions.
It is a decentralized virtual currency and uses peer-to-peer technology to carry out its operations. Dogecoin is scrypt based (i.e. based on a password key) and enables fast payments to anyone, anywhere across the globe.” – Source
But seriously, don’t miss out on this one.
It’s the power of the internet.
Everyone buying has no idea what Dogecoin is. Most don’t even know what Cryptocurrency is. But day trading apps have become so user friendly and accessible facets of the stock market are open to becoming Gen Z playgrounds.
With TikTok and Dave Portnoy together, the actual value of a company or currency doesn’t matter. America and the internet have proven that hype can be cashed in for dollars.
But will the hype bubble burst? Probably not for a little bit if Dave Portnoy is on board with Dogecoin stock.
Where Can I Buy Dogecoin Stock?
Dogecoin is technically a cryptocurrency but can be purchased like any other stock.
- Download RobinHood
- Buy Dogecoin
- Retire to a private island