Dogecoin is the most honest shitcoin – Mike Novogratz

Dogecoin is just a hype coin, and once the initial enthusiasm fades out, there are neither developers nor institutions interested in it.
Dogecoin investment is risky, but it’s a middle finger to traditional financial institutions by investors, he added.

Dogecoin has risen by over 24,000 percent in the last 365 days to trade at a current price of $0.60 according to CoinMarketCap. After hitting an all-time high of $0.65, the asset has recorded a market cap of $78 billion to become the fourth-largest cryptocurrency. 
In a recent interview, Michael Novogratz, the CEO of Galaxy Digital has stated that it is dangerous to buy Dogecoin at the current price point, and dangerous to bet against it at this point of the rally. Though many investors are trooping into the market, Novogratz pointed out that they could lose a lot of money as Doge is trading at an extremely volatile price range. 
A middle finger to traditional financial institutions
The sustainability of Dogecoin’s price surge

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