If you invested in Dogecoin at a time like this last year and still holding, then you must be counting huge losses. This is because Dogecoin has plunged 84.45% over the past 12 months at the time of this writing. The bad news is that Dogecoin might continue plunging for the next few months, which means more losses for investors.
According to crypto analysts, Dogecoin does not make a good crypto investment. This is based on Dogecoin's performance over the past 12 months. Dogecoin has been plunging, and the worst thing is that nothing is holding Dogecoin from plunging further.
This is because Dogecoin is a meme coin and has no use cases. According to the Dogecoin founder, Dogecoin was just started as a fun coin that would be used for payments. The hype for the meme coins has been dying fast, and Dogecoin has been one of the most affected. With no real utility, then Dogecoin stands no chance of posting significant growth going forward.
This is not the same case with Dogecoin competitor Bitgert (BRISE). In fact, Bitgert has been posting massive growth when Dogecoin has been crashing. When Dogecoin was hitting lower lows, Bitgert was hitting new ATHs. Here is more about Bitgert and why it is an ideal crypto investment:
Bitgert fast growth and development have been the most talked about things in the market. But there are many investors attracted to Bitgert by the disruptive products and projects in the Bitgert ecosystem. The fast-growing Bitgert ecosystem is the biggest reason why many crypto investors are joining Brise coin.
Bitgert is delivering the project fast, with the Bitgert roadmap V1 successfully delivered in 6 months. The roadmap delivered the BRC20 blockchain, the first zero gas fee chain. The Bitgert team has launched roadmap V2, which has a big list of DeFi, NFTs, and Web3 products.
The Bitgert team also partnered with the Centcex team to increase products on the Bitgert chain. The Centcex team will be building an unlimited number of products. There will also be 1000+ Bitgert projects from Startup Studio added to the Bitgert ecosystem. So Bitgert has massive developments coming up.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.