Dogecoin Has Soared by 324% In 2024. Is It a Better Buy than Bitcoin?
Fri, Nov 22, 2024 5:53 PM

Dogecoin Has Soared by 324% In 2024. Is It a Better Buy than Bitcoin?

A Flip by Shubhangi Gupta
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Dogecoin is a novelty cryptocurrency that uses a Shiba Inu dog as its mascot. Dogecoin surged 324% this year, outperforming Bitcoin's 107% return, following Donald Trump's presidential election win, with Elon Musk's support. However, with little utility and no institutional investor support, Bitcoin remains a better long-term buy due to its potential as a store of value and growing adoption.

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