Dogecoin Boom or Bust? Elon Must--"Invest with caution"

Dogecoin Boom or Bust? Elon Must--"Invest with caution"⛱

Dogecoin is the new Gamestop. At about $0.65 per coin as I type these words, the cryptocurrency that started as a joke is up 5% in the last day and over 13,000% YTD. Part of its rise has been fueled by Elon Musk.

A Musk tweet about Dogecoin sends the price up faster than a SpaceX rocket. And with Musk scheduled to host Saturday Night Live this evening, the Dogecoin bulls are hoping that a mention of the crypto tonight could send the price of the coin even higher.

Yet even Musk has urged caution. In a recent tweet, he said that Dogecoin could be the future of currency, yet at the same time said we should invest with caution.

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