Dogecoin crash warning: Altcoins like DOGE 'first to drop 95%' when markets crash - expert

"It’s incredibly high risk because it has no real utility and has seen huge price increases off the back of celebrities and the gambling mentality of newer investors.

"Originally Elon Musk influenced the price hike to $1 which was then followed by other celebrities on Twitter and other platforms."

If you have ever considered investing in altcoins like Dogecoin or even flagship Bitcoin, you need to exercise caution.

You should never invest more money than you are prepared to lose.

The official position of the Financial Conduct Authority (FCA) is that "if you invest in cryptoassets, you should be prepared to lose all your money".

However, Mr Morris thinks there may be some good news for Ethereum.

Post a Comment