finance.yahoo.com / Yahoo! Finance
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2024-11-22 13:56:39
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2024-11-22 13:56:39Event JSON
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"Dogecoin Has Soared by 324% In 2024. Is It a Better Buy than Bitcoin?"
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"Dogecoin, a cryptocurrency that uses a Shiba Inu dog as its mascot, has seen a significant surge in its price in 2024, with a gain of 324%. This is despite the token's lack of utility and limited adoption. The surge is attributed to Elon Musk's influence and Donald Trump's presidential win. Musk, a big supporter of Dogecoin, has shared memes about the token on social media and even appeared on Saturday Night Live. Trump's win has also boosted the token's price, with some speculating that he may use Dogecoin as a symbol of his new administration. However, experts warn that Dogecoin's price may be unsustainable in the long term, and that Bitcoin is a better long-term investment."
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