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Dogecoin Has Soared by 324% In 2024. Is It a Better Buy than Bitcoin? [Yahoo! Finance]
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However, it's still far from its all-time high of $0.73, which it reached in 2021. (Source: The article) Elon Musk has been a big supporter of Dogecoin, often sharing memes about it on social media and even calling it his favorite cryptocurrency. His influence has contributed to the token's price surges, including the recent one after Donald Trump's presidential election win, which Musk supported. (Source: The article) Dogecoin has little utility and is not widely accepted as a form of payment, with only 2,521 businesses accepting it. In contrast, Bitcoin has more real-world use cases, such as being a store of value, and is accepted by 8,952 merchants worldwide. (Source: The article) Cathie Wood's Ark Investment Management predicts that Bitcoin's price could soar to $1.48 million by 2030, driven by eight potential use cases, including becoming a digital gold analogue. Additionally, the US Securities and Exchange Commission's approval of Bitcoin ETFs provides a regulated way for
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