We all know that Dogecoin just blow up its value to make a whopping of 972% this month and it changed many people’s lives significantly to become wealthier than ever. By that, it caught a lot of attention to those wanted to start investing or missed the hype on it and having knowledge about it is the priority way to be a successful investor.

However, Bitcoin is also a highly recommended investment for long-term, since it has supported by many other growth companies like Tesla, Paypal, Microsoft and many more. Especially, Tesla just bought Bitcoin for $1.5 billion to accept as a payment, so meaning that 1 bitcoin (~$70.000 CAD) equals to 1 of his futuristic car and he still get more profits afterward since the fluctuation of Bitcoin makes him even more wealthier. Fun facts, he had more profit selling bitcoins than selling his Tesla cars from the beginning.

Even though, Bitcoin is known as the most valuable cryptocurrency so the inflation from Bitcoin is transpired more often since it is affected by the media a lot like the tweets from Elon himself.

From that point, he constantly tweets about what he wants to control the trading market and Dogecoin is one of his favorite topic these days, which causes the increase in value of it and becomes in the top 5 most valuable cryptocurrency.

SpaceX launching satellite Doge-1 to the moon next year

– Mission paid for in Doge
– 1st crypto in space
– 1st meme in space

To the mooooonnn!!https://t.co/xXfjGZVeUW

— Elon Musk (@elonmusk) May 9, 2021

Literally, the media is chasing after Elon’s tweets to run for their investment, that’s why having a knowledge and timing really matter and never invest anything you are not willing to lose.

Since Dogecoin was invented as joke of Bitcoin and it will be a risky investment to expect a long term investment. Notwithstanding, it is still having a good sign to invest in the meantime and earning a huge profits for few clicks sounds interesting, isn’t it?

Do you want Tesla to accept Doge?

— Elon Musk (@elonmusk) May 11, 2021

Nevertheless, cryptocurrency is never a stable investment by the fluctuation itself from the media that makes many beginners worry about losing all of their money. Despite of the inflation, aiming for long term investment will do better overall and it is the safest method to start with.

*Not financial advices and only for entertaining purposes*