How Dogecoin Is Creating a Frenzy for the Next Big Cryptocurrency—and Why Experts Advise Caution

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Dogecoin, a cryptocurrency that was created as a joke, has risen in price by more than 12,000% and hit a record 69 cents per token this week. Bitcoin climbed briefly to over $60,000 apiece last month, more than doubling its price since the end of 2020. These rallies are prompting individual investors to turn their attention to newer cryptocurrencies such as DigiByte, VeChain and SafeMoon in the hunt for cheaper alternatives that could be the next to skyrocket. Here’s what you need to know.

Key Takeaways1. The rise of new digital assets is fueled, in part, by online speculation.

The…



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