3 Reasons I Will Never Buy Dogecoin [Yahoo! Finance]
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Source: Yahoo! Finance
10 stocks we like better than Dogecoin › Dogecoin (CRYPTO: DOGE) , the dog-inspired cryptocurrency that currently carries a market cap of $22 billion, is up by almost 94,000% in the past 10 years (as of Dec. 19). Despite that impressive overall performance, its volatility along the way has been stomach-churning, making it a difficult asset to hold. But some daring investors might be ready to buy after its slump this year. I'm not one of those people. Here are three reasons I will never buy this meme coin One of the most obvious reasons to avoid Dogecoin is that a valid argument can be made that it doesn't actually solve any problems. While people can use the tokens to send peer-to-peer payments or buy from a relatively limited number of merchants online, those are tasks that can be handled easily by a host of conventional financial services and payment tools. Just because Dogecoin has no meaningful utility that differentiates it, that doesn't necessarily mean it's worthless.
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