The Internet’s most popular investment in recent weeks, Dogecoin (DOGE), is on an absolute tear.
Year to date, it’s up 12,299% – from $0.004839 to $0.60 today (May 6).
That means, if you put just $10,000 in at the beginning of the year, you’d have $1,239,900 today.
I can’t believe I’m about to say this, but I think it’s time for all investors to start paying attention to Dogecoin.
Dogecoin is a cryptocurrency created as a joke to Bitcoin, but has gained traction because of the Shiba Inu dog associated with it… And Elon Musk.
Back in February, Musk announced that he purchased some Dogecoin for his youngest son… Crypto Twitter erupted and has been pumping the coin ever since.
And on Saturday, Musk is going on Saturday Night Live to presumably joke about DOGE some more…
Related: Elon Musk’s Next Big Bet: S.A.V
It’s tough to recommend investing in DOGE now because it’s already grown so much (from a $618 million dollar asset to $78.5 billion today), but I would definitely start paying attention and learning if you weren’t already.
In the meantime, 73-year-old investing legend Martin Weiss of Weiss Ratings thinks the next 1,000% crypto “Superboom” is underway.
P.S. If you're looking for some other “altcoin” recommendations, here are 3 that are beating Bitcoin.