Where Will Dogecoin Be in 5 Years
One of the recent trends that can be noted in the world of crypto has a lot to do with small time altcoins showing massive value appreciation in a relatively short interval. Suffice it to say that dogecoin was the very first form of crypto that started this trend because of the fact that it was initially created as a joke but despite that the sheer number of investors who poured money into it sent the value of the crypto sky high.
That said, dogecoin has also seen a number of ups and downs, and this might give you pause if you had initially been thinking of buying it. At the end of the day, increases and decreases in asset prices are more or less impossible for anyone to avoid, so instead of letting this volatility worry you it would be a lot better if you read a yieldnodes review and used the information provided therein to make an educated guess regarding where dogegoin will be after a few years have passed you buy. Doing some technical analysis clearly reveals that dogecoin has nowhere to go but up in the next five years.
Most predictions estimate that dogecoin will attain parity with the US dollar after five years, and that means that putting just a thousand dollars into it now will earn you up to ten thousand dollars if you are willing to wait half a decade. You must always play the long game with crypto, because attempting to time the market is a recipe for little more than disaster. Dogecoin can be an excellent addition to your portfolio and it can hedge some of your riskier bets too.