Forget Dogecoin: Buy This Tech Stock Instead

1 min read

Dogecoin (CRYPTO: DOGE) has been on fire lately. The price of a single token has skyrocketed by more than 3,000% in the last year, and it’s up by 25,000% over the last five years. Most assets never see those kinds of gains, but that doesn’t make Dogecoin a smart investment.

Cryptocurrencies in general come with great risk and volatility, and even among them, Dogecoin skews toward the riskier side of the spectrum. Rather than putting money into such a highly unstable asset, investors looking to cash in on the cryptocurrency craze should consider buying PayPal (NASDAQ: PYPL) instead.

Despite its recent massive gains, there are several problems with Dogecoin. One, in particular, should give investors pause.

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