Why Dogecoin Still Has a Legitimate Case as a Long-Term Investment
Dogecoin may still be the most valuable meme coin, but does it deserve a place in your portfolio?
Why Dogecoin Still Has a Legitimate Case as a Long-Term Investment
Overview
It seems hard to believe, but Dogecoin (CRYPTO: DOGE) -- a meme coin that launched as a viral internet joke back in 2013 -- still ranks among the top 10 cryptocurrencies in the world. It currently has a massive $14 billion valuation.
But does Dogecoin have any legitimate reason to be included in your long-term portfolio, other than its size and long-term staying power?
Details
Meme coins continue to account for approximately 1% of the value of the entire crypto market. So, purely on diversification grounds alone, it could be argued that investors should have exposure to at least a tiny sliver of the meme coin market. Dogecoin, as the biggest meme coin by market cap, would be the obvious pick.
Source
Originally published at www.fool.com.
