More about Dogecoin
Dogecoin is a highly speculative investment, subject to significant volatility. Such volatility and, more generally, the price of DOGE have, in a recent past, been heavily influenced by communications (e.g. tweets) from well-known persons such as Elon Musk.
Only a few hundred people reportedly hold the majority of the available tokens, which means that the price of DOGE may be more prone to market abuse (in particular price manipulation) than other cryptocurrencies. The price of DOGE could fall to zero in a short period of time if certain persons stop supporting it. Transactions in DOGE may, by their nature, generate a substantial or total loss of the investment. Read more about the risks associated with cryptocurrencies in our Digital Assets Risk Disclosure.