Although technically not one of the newest cryptocurrencies on the market, Dogecoin remains a popular option due to its ‘meme coin’ designation. Investors worldwide continue to buy Dogecoin thanks to its incredible community backing – both on social media and from high-profile names. One of the most prominent names backing DOGE is Elon Musk, who has tweeted about the token numerous times.
Dogecoin has been back in the news lately due to the lawsuit against Musk, claiming that DOGE is a ‘pyramid scheme’. However, the case has brought more attention to the token, leading to double-digit gains in recent days. Ultimately, Dogecoin remains one of the best new cryptos for risk-seeking investors looking to achieve market-beating returns.