Watch: Is Dogecoin the next Bitcoin?

It gave 10,000% profit in less than four months

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If you had bought Dogecoins of Rs10,000 on January 1 and sold them on April 20, you would have made a whopping Rs1 million. Yes, you read that right.

This is because the price of Dogecoin, a cryptocurrency that was created as a joke, rose 100 times or 10,000% during this period. However, its price has halved since hitting a peak of $0.4 last week.

Its supporters say Dogecoin is the next Bitcoin, the world's first ever and most valued cryptocurrency that is trading north of $53,000. Critics, however, doubt it will even touch $1 a unit. Should you invest in Dogecoin? Watch the video to find out.

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