We all know that crypto markets are more volatile than any other market. For example, we saw a cryptocurrency like Dogecoin rally from $0.004 to almost $0.40 (at its all-time high) in just four months, a nearly 10000% rise in the price from 1st January 2021. If we consider that, then a person would have ended up with 100 times their original investment if they had invested money on 1st January 2021. Also read: How to Buy Dogecoin in India Dogecoin, which started as meme crypto in 2013, is now suddenly worth $42 billion and ranks in the top 10 list of cryptocurrencies. If we compare that market cap, it’s more than some popular cryptocurrencies like Cardano, Polkadot, Litecoin, Chainlink and VeChain. A meme cryptocurrency with a circulating supply of 129,237,971,710 (as of writing this article) is chasing a market cap of $50 billion. Also read: 5 Best Crypto Exchanges in India Note: This article or any part of it is not financial advice. The aim is to educate readers. Investors are advised to invest at their own risk.
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